Crue oil import bill jumps 38% to $61.16bn

India's crude oil import bill has moved up over 38% to $61.16 billion in the first 11 months of 2007-08.

India imported 111.089 million tonne of crude oil between April-February 2007-2008 for Rs 2,43,205.5 crore ($61.165 billion) when compared with 101.213 million tonne imported a year ago for Rs 2,00,321 crore ($44.124 billion), according to latest data available from the petroleum ministry.

India also imported 20.19 million tonne of petroleum products, mainly naphtha, LPG, kerosene and diesel, for Rs 54,180 crore ($13.4 billion).

Fuel consumption increased 6.4% to 116.711 million tonne between April-February 2007-2008 on double digit growth in diesel demand at 43.27 million tonne.