India’s petroleum exports up 12.7% in October; crude imports rise 4.2%

25 Nov 2024 CW Team

Petroleum production in October 2024 reached 23 MMT, up 5.3% from October 2023. Refinery production contributed 22.7 MMT, with fractionators adding 0.3 MMT. The largest share of petroleum products produced was high-speed diesel (HSD) at 41%, followed by motor spirit (MS) at 16.8%, naphtha at 6.8%, aviation turbine fuel (ATF) at 6.6%, and petcoke at 5.3%. Crude oil imports increased by 4.2% in October 2024 and by 3.5% during the April-October FY 2024-25 period, compared to the previous year. Imports of petroleum products (POL) decreased by 2.2% in October 2024 but saw a 7.7% increase in the April-October FY 2024-25 period. This rise was largely driven by higher imports of petcoke, liquefied petroleum gas (LPG), and lubricants.

Exports of petroleum products saw a notable 12.7% rise in October 2024 and a 4.2% increase during the April-October FY 2024-25 period compared to the previous year. This growth was mainly attributed to higher overseas sales of petcoke/CBFS, fuel oil (FO), motor spirit (MS), and aviation turbine fuel (ATF).

In the April-October FY 2024-25 period, crude oil processing grew by 1.8% year-on-year, while petroleum product production showed consistent growth. The data from PPAC indicates that higher refinery throughput and export growth have partially offset the decline in domestic crude oil production, highlighting India’s increasing dependence on imported crude to meet its energy needs. (ET)

India’s indigenous crude oil and condensate production for October 2024 totalled 2.3 million metric tonnes (MMT), reflecting a 4% decline compared to the same period last year, according to the Petroleum Planning and Analysis Cell (PPAC). ONGC was the largest contributor to the production, with 1.6 MMT, followed by PSC/RSC at 0.5 MMT and Oil India Ltd. (OIL) at 0.3 MMT. Despite the decrease in domestic production, India’s total crude oil processed by refineries rose by 4.4% year-on-year, reaching 21.3 MMT in October. Public sector and joint venture refiners processed 14 MMT, while private refiners handled 7.3 MMT. Of the total crude processed, 2.1 MMT was indigenous, and 19.2 MMT was imported. Petroleum production in October 2024 reached 23 MMT, up 5.3% from October 2023. Refinery production contributed 22.7 MMT, with fractionators adding 0.3 MMT. The largest share of petroleum products produced was high-speed diesel (HSD) at 41%, followed by motor spirit (MS) at 16.8%, naphtha at 6.8%, aviation turbine fuel (ATF) at 6.6%, and petcoke at 5.3%. Crude oil imports increased by 4.2% in October 2024 and by 3.5% during the April-October FY 2024-25 period, compared to the previous year. Imports of petroleum products (POL) decreased by 2.2% in October 2024 but saw a 7.7% increase in the April-October FY 2024-25 period. This rise was largely driven by higher imports of petcoke, liquefied petroleum gas (LPG), and lubricants. Exports of petroleum products saw a notable 12.7% rise in October 2024 and a 4.2% increase during the April-October FY 2024-25 period compared to the previous year. This growth was mainly attributed to higher overseas sales of petcoke/CBFS, fuel oil (FO), motor spirit (MS), and aviation turbine fuel (ATF). In the April-October FY 2024-25 period, crude oil processing grew by 1.8% year-on-year, while petroleum product production showed consistent growth. The data from PPAC indicates that higher refinery throughput and export growth have partially offset the decline in domestic crude oil production, highlighting India’s increasing dependence on imported crude to meet its energy needs. (ET)

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..