August crude oil imports fall
Crude oil imports declined in August, though at a slower pace, as soaring coronavirus cases continued to hit mobility and slowed economic recovery, government data showed on Monday.
Crude oil imports last month fell about 23.4 per cent from a year earlier to 15.15 million tonnes, or 3.58 million barrels per day (bpd), data from the Petroleum Planning and Analysis Cell (PPAC) of the ministry of petroleum & natural gas showed.
On a monthly basis, imports rose 9.9 per cent from 13.79 million tonnes, or 3.26 bpd in July.
Fuel demand in the world’s third-biggest oil importer and consumer also slipped in August, posting its biggest monthly decline since April and a sixth consecutive year-on-year drop.
Refined product imports edged up 1.5 per cent to 3.25 million tonnes year-on-year, but slipped 18.77 per cent from 4.01 million tonnes in July.