India's base oil imports stood at 316,050t in September, rising by more than a third compared with volumes a year earlier, Global Trade Tracker (GTT) data show.
- Imports rose by 39pc from the previous month as blenders restocked ahead of the peak season that starts in October after the monsoon rains. This aligns with a rise in lubricant and grease consumption in India to 393,000t in September, an increase of 2.9pc from the previous year and 5.6pc from the previous month, oil ministry data show.
- Higher volumes from key suppliers, including South Korea and the UAE, contributed to the year-on-year rise. India also received shipments from the Netherlands and Brazil in September, which are less regular.
- India's Group II N150 cfr import prices averaged $779/t in September, relatively stable compared with $781/t cfr India in the previous month. Group II N500 cfr India prices averaged $949/t in September, down from $968/t in August. Light-grade base oil prices were largely stable in September because of balanced supply and replenishment demand, while ample supply put pressure on heavy-grade prices.
| India base oils imports | (t) | ||||
| Sep '25 | m-o-m ± % | y-o-y ± % | Jan-Sep '25 | y-o-y ± % | |
| South Korea | 126,117 | 18.3 | 9.2 | 952,567 | 6.1 |
| Singapore | 33,029 | 37.4 | -1 | 321,030 | 6.3 |
| Saudi Arabia | 24,511 | 65.3 | 17.2 | 158,469 | -9.7 |
| UAE | 26,954 | 91 | 188.6 | 186,950 | -7.3 |
| Spain | 22,490 | 6,011.4 | -1.8 | 71,038 | -24.9 |
| Total | 316,050 | 39 | 33.7 | 2,211,339 | 5.6 |
| Total includes all countries, not just those listed | |||||
| Source: GTT | |||||
