| The country paid $14.47 billion for importing 53.17 million tonnes of crude and products compared with $9.1 billion for 47.6 million tonnes during April-September 2003. It got $2.5 billion for exporting 7.4 million tonnes of products compared with $1.8 billion for 7.3 million tonnes last year. | |
| Imports rose by about 12 per cent in volume terms though the dollar outgo showed a 57 per cent increase. This clearly reflected the impact of the increase in international prices. Besides, there is a guzzling demand for both crude oil and petroleum products in the domestic market. | |
| Officials said the increase in imports had also resulted in the benefit of the increase in refining capacity and consequent increase in exports not being felt by the country. However, spiralling international prices reflected in 34 per cent increase in export earnings compared to only 2 per cent increase in the volume exported. | |
| The net imports therefore stood at $11.9 billion during the period compared to $7.4 billion in April-September last year. This reflected in an increase of about 60 per cent which showed that the growth in imports outpaced the increase in exports. | |
| Crude imports during April-September 2004 stood at $13.3 billion compared to $8.3 billion last year. The country bought 49.6 million tonnes of crude compared to 43 .9 million tonnes during the corresponding period last year. | |
| The import of liquefied petroleum gas was worth $312.49 million during the first six months of the current year compared to about $183 million last year. | |
| Public sector companies imported crude worth $9.4 billion while products worth $342.99 million. Reliance's refinery at Jamnagar imported $3.8 billion crude. The total product import by the private sector was $820 million during April-September 2004.
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