Tuesday, 15 September 2015

August oil import bill down by 42.59 % on acount of lower crude prices

Oil imports during August, 2015 were valued at $ 7357.47 million which was 42.59 % lower than oil imports valued at $ 12814.77 million in the corresponding period last year.
8Oil imports during April-August, 2015-16 were valued at $ 41502.37 million which was 38.79 % lower than the oil imports of $ 67805.81 million in the corresponding period last year.
8Non-oil imports during August, 2015 were estimated at $ 26386.81 million which was 7.01 % higher than non-oil imports of  $ 24658.01 million in August, 2014.
8The non-oil imports during April-August, 2015-16 were also valued at $ 127108.19 million which was 3.39 per cent higher than the level of such imports valued at US $122941.87 million in April-August, 2014-15.
8Lower oil prices were responsible for the lower cost of oil imports. 

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