VOL. XLVII

No 18

03-May-2004

SUPPLY/DEMAND

Indias Crude Imports In FY 2003-04 Averaged 1.8Mn B/D, Up By 11%

India imported 90.7mn tons (1.81mn b/d) of crude oil in FY 2003-04, up 11% on the previous years figure of 81.9mn tons (1.64mn b/d), the countrys Petroleum Secretary B K Chaturvedi announced on 8 April. He added that imports during the current fiscal year were expected to reach 100mn tons.

Petroleum product imports grew marginally, from 7.22mn tons in FY 2002-03, to 7.5mn tons the following...