India's crude oil import bill is likely to dip by 35% to $73 billion this fiscal as global energy prices slumped on weak demand.
India had imported 189.43 (milion tonnes) mt of crude oil in 2014-15 for Rs 6.87 lakh crore. This fiscal the imports are projected at 188.23 mt almost the same level as previous year.
The country imported 114.9 mt of crude during April- October for $43.6 billion, according to the data of Petroleum Planning & Analysis Cell (PPAC). Going by the trend, PPAC projected an import of 188.23 mt for $73.28 billion or Rs 4.73 lakh crore.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: