Indian oil advertising and marketing firms paid $16.3 billion for imports in April this yr, in comparison with $10.7 billion in the identical month final yr. File images must be used for consultant functions solely. |Picture supplied by: Reuters
Preliminary authorities knowledge reveals India’s crude oil imports fell 4.3% in April 2026, the second month of the battle in West Asia, however the worth jumped about 50% from a yr earlier, indicating value strain on crude oil and pure fuel from the continued closure of the Strait of Hormuz.
Notably, liquefied pure fuel (LNG) imports fell by almost 30% in April 2026, whilst home web pure fuel manufacturing fell by 4.2% in the identical month, in accordance with the newest knowledge from the Petroleum Planning and Evaluation Cell (PPAC). Nevertheless, this was as a consequence of a lower in consumption.
Total, India’s web oil and fuel imports, together with sure deductions from petroleum product exports, rose about 23% to $13.9 billion in April.
Lower in crude oil imports, hovering crude oil costs
Based on PPAC knowledge, India imported 20.1 MMT of crude oil in April this yr, in comparison with 21 MMT throughout the identical interval final yr.
Nevertheless, Indian oil advertising and marketing firms paid $16.3 billion for imports in April this yr, in comparison with $10.7 billion in the identical month final yr.
Pure fuel and LPG consumption decreased in comparison with the earlier yr
Moreover, the gross sales quantity of liquefied petroleum fuel (LPG) by PSUs, together with LPG for family use, car use, and LPG for abroad use, decreased by 12.7% from the earlier yr to roughly 2.2 million tons (MMT). Through the battle, the federal government allotted industrial services 70% of the LPG they have been utilizing earlier than the disaster.
Relating to pure fuel, the nation consumed 4,703 MMSCM of pure fuel in April this yr, which was 16.7% decrease than the identical interval final yr.
LNG imports and web manufacturing decelerate
Maybe because of this decrease consumption, India imported 1,954 million customary cubic meters (MMSCM) of LNG in April this yr, down from 2,778 MMSCM in the identical month final yr. In worth phrases, LNG imports fell by 1 / 4 from $1.2 billion to $900 million in the course of the reporting interval.
India’s dependence on pure fuel imports was 41.6% in April this yr, down from 49.2% in the identical month final yr.
Web pure fuel manufacturing, which takes into consideration volumes misplaced as a consequence of flaring and different causes, decreased by 4.2% year-on-year to 2,749 MMSCM.
