Crude Oil Import from 2011-12 to 2015-16

March 3, 2017

Author: OGD PMU Team

The quantity of crude oil imported was 171.7 million metric tonnes in the year 2011-12. The value of crude oil imported was $ 139.7 billions in 2011-12.

The quantity of crude oil imported was 184.8 million metric tonnes in the year 2012-13. It increased by 13.1 million metric tonnes as compared to the year 2011-12. In percentage terms, the growth was 7.63% as compared to the year 2011-12. The value of crude oil imported was $ 144.3 billions in 2012-13. It increased by $ 4.6 billions as compared to the year 2011-12. In percentage terms, the increase was 3.29% as compared to the year 2011-12.

The quantity of crude oil imported was 189.2 million metric tonnes in the year 2013-14. It increased by 4.4 million metric tonnes as compared to the year 2012-13. In percentage terms, the growth was 2.38% as compared to the year 2012-13. The value of crude oil imported was $ 143 billions in 2013-14. It decreased by $ -1.3 billions as compared to the year 2012-13. In percentage terms, the decrease was -0.9% as compared to the year 2012-13.

The quantity of crude oil imported was 189.4 million metric tonnes in the year 2014-15. It increased by 0.2 million metric tonnes as compared to the year 2013-14. In percentage terms, the growth was 0.11% as compared to the year 2013-14. The value of crude oil imported was $ 112.7 billions in 2014-15. It decreased by $ -30.3 billions as compared to the year 2013-14. In percentage terms, the decrease was -21.19% as compared to the year 2013-14.

The quantity of crude oil imported was 202.9 million metric tonnes in the year 2015-16. It increased by 13.5 million metric tonnes as compared to the year 2014-15. In percentage terms, the growth was 7.13% as compared to the year 2014-15. The value of crude oil imported was $ 64 billions in 2015-16. It decreased by $ -48.7 billions as compared to the year 2014-15. In percentage terms, the decrease was -43.21% as compared to the year 2014-15.

The decline in the value of crude oil imported despite the rise in the quantity of crude oil imported, in recent years, was due to the steep fall in the international price of crude oil.

Note: Per barrel cost (USD/bbl) is based on conversion factor of 7.33 barrel per MT; MMT-Million Metric Tonnes; Source: Rajya Sabha Session – 239 Unstarred Question No. 1247.

Dataset URL: https://data.gov.in/catalog/answers-data-rajya-sabha-questions-session-239

Resource Title: Crude oil import quantity and its value along with per barrel cost from 2011-12 to 2015-16 (From: Ministry of Petroleum and Natural Gas)