India’s crude oil imports declined nearly 17% in March, says data

India’s crude oil imports declined nearly 17% in March, says data

Image used for representation purpose only.

Image used for representation purpose only.
| Photo Credit: Getty Images/iStockphoto

In the first full month of the lasting West Asia crisis, India’s crude oil imports declined 17% on a year-over-year basis in March this year, according to provisional data from the Petroleum Planning and Analysis Cell (PPAC). 

As a result of the lower, New Delhi spent about 4.9% less during the mentioned period on its crude imports. 

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