Increased domestic demand results in a 15% increase in India’s net oil import bill

According to the most recent data from the petroleum ministry, India’s net oil and gas import bill increased by almost 15% year over year for the first seven months of the current fiscal year (FY25). This increase was mostly due to higher import volumes of crude oil, liquefied natural gas (LNG), and petroleum products amid

Indian crude runs set to increase amid healthy margins

India saw its average refining run rates slowing marginally in March amid volatility in crude oil prices triggered by the Russia-Ukraine conflict, but analysts expect robust margins and a sustained revival in demand for oil products to lift overall year-on-year growth in throughput close to double digits. In addition to a sharp recovery in oil