Year-wise Import of Crude Oil in India

The import value of crude oil depends on demand growth, price volatility in international market, exchange rate changes, geo-political situations, etc. Increase in import value of crude oil results in higher outgo of foreign exchange.

Financial Year Crude Oil Import (in MMT)
2018-19 226.5
2019-20 227.0
2020-21 196.46
2021-22 212.38
2022-23 232.73