India crude imports up with refinery runs in November

India crude imports up with refinery runs in November

Mumbai, 23 December (Argus) — India's crude imports increased in November as refineries operated at maximum or even higher capacity to meet a rise in fuel demand. Exports of gasoline and jet fuel rose.

Crude imports were 4.49mn b/d, up by 11pc from October and by 0.5pc year on year, but remained lower by 4.2pc than pre-pandemic 2019, provisional oil ministry data show.

The increase was down to higher processing rates in November, with most state-run refineries operating at above maximum capacity in anticipation that the recovery in fuel demand would accelerate in the coming months.