Driven by higher demand, the domestic oil product sales in November 2009 rose 3.7 per cent from a year earlier.
While crude oil imports rose 6.1 per cent, import of petroleum products fell by 30 per cent during the month under review.
Consumption up
According to the Petroleum Planning and Analysis Cell (PPAC) industry performance analysis (provisional), the oil product consumption in November stood at 11.32 million tonne (mt), up from 10.92 mt in the corresponding month the previous year.
Diesel sales continued to be robust in November, seeing a 5.6 per cent jump year-on-year to 4.715 mt. Petrol sales rose 11 per cent to 1.02 mt.
Crude oil imports rose 6.1 per cent to 10.50 mt, as the domestic refiners processed more crude during the month under review.
Oil product imports fell 30 per cent to 913,200 tonne. Exports of oil products fell 23.8 per cent to 2.49 mt. The data does not include imports and exports by Reliance Industries' new 580,000 bpd export-oriented refinery at Jamnagar, Gujarat.
Source : Business Line