India's oil import bill has swelled 52 per cent to $44.64 billion in 2005-06 on the back of high global oil prices.
India imported 99.4 million tonnes of crude oil for $38.77 billion and 11.67 million tonnes of petroleum products for
$5.86 billion in 2005-06, according to latest Petroleum Ministry data.
In 2004-05, India had spent $25.98 billion on import of 95.86 million tonnes of crude oil and $3.28 billion on import of 10.47 million tonnes of petroleum products.
The country exported 21.50 million tonnes of petroleum products for $10.54 billion in 2005-06 as against oil product exports of 17.57 million tonnes worth $6.33 billion a year ago.
India's net oil import bill (total imports minus exports) stood at $34.09 billion in 2005-06 as opposed to a net oil import bill of $ 22.94 billion in the previous fiscal.
While imports rose, domestic consumption remained almost flat at 111.92 million tonnes. The country consumed 111.634 million tonnes oil products in 2004-05 fiscal.
Demand for diesel, the mainstay fuel, grew 1.3 per cent to 40.15 million tonnes while that for industrial fuel like naphtha and LDO fell, the data showed.
LPG demand was up 0.6 per cent to 10.3 million tonnes and petrol consumption rose 4.8 per cent to 8.64 million tonnes.
Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group
© 2026