Crude Oil and Non Oil imports

INN/New Delhi, @infodeaofficial

CRUDE OIL 

• Oil imports in May2020 were USD3.49 billion (Rs. 26,380.50crore), which was 71.98percentlower in Dollar terms (69.62percent lower in Rupee terms), compared to USD12.44billion (Rs. 86,822.36crore) in May2019.

• Oil imports in April-May 2020-21 were USD8.15 billion (Rs. 61,917.72crore) which was 65.79per cent lower in Dollar terms (62.66percent lower in Rupee terms) compared to USD23.82billion (Rs. 1,65,811.82crore), over the same period last year.

• In this connection, it is mentioned that the global Brent price ($/bbl) has decreased by 56.02% in May 2020 vis-à-vis May 2019 as per data available from the World Bank.

NON OIL

• Non-oil imports inMay2020 were estimated at USD18.71 billion (Rs. 1,41,597.18crore) which was 43.13 percent lower in Dollar terms (38.34percent lower in Rupee terms), compared to USD32.91billion (Rs. 2,29,626.57crore) in May2019.

• Non-oil imports in April-May 2020-21 were USD31.17billion (Rs. 2,36,585.04crore) which was 50.46per cent lower in Dollar terms (45.99percent lower in Rupee terms), compared to USD62.93billion (Rs. 4,38,070.04crore) in April-May 2019-20.

• Non-Oil and Non-Gold imports wereUSD64billion in May 2020, recording a negative growth of (-)33.74per cent, as compared to Non-Oil and Non-Gold imports of USD 28.13billion in May 2019. Non-Oil and Non-Gold imports wereUSD31.10billion in April-May 2020-21, recording a negative growth of (-)42.61per cent, as compared to Non-Oil and Non-Gold imports USD 54.18billion in April-May 2019-20.