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Our Bureau

New Delhi , March 24

INDIA'S crude oil imports declined by 1.9 per cent to 6.94 million tonnes in February 2005 even as the domestic oil product consumption rose marginally by 1.1 per cent to 9.17 mt with a fall in diesel demand.

According to data released by the Petroleum Ministry, the country imported 6.94 mt of crude against 7.08 mt in February 2004.

Further, the petroleum product demand, at 9.18 mt, in February 2005 was only 1.1 per cent higher than the 9.08 mt consumed a year ago.

The imports of petroleum products nearly doubled to 1.21 million tonnes, from 6,25,100 tonnes last year, on the back of increased LPG imports. Petroleum product exports rose 30.5 per cent to 1.66 mt in February 2005 compared with 1.27 mt previously.

During April-February 2004-05, crude oil imports increased by 6.6 per cent to 87.37 mt (81.96 mt). The domestic consumption during the period increased 3.8 per cent to 101.53 mt (97.84 mt).

The petroleum product imports went up by 5.5 per cent to 7.01 mt, while exports jumped 24.8 per cent to 16.14 mt

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