Savita Oil Technologies was India’s largest base oils importer in December for the eleventh time in twelve months as it boosted sharply its share of the country’s imported supplies in 2022.The blender, whose customers include Mahindra and Johnson & Johnson, accounted for almost 15pc of India’s total base oils imports in 2022, provisional customs data showed.The share was up from less than 11pc in 2021.Its import volume fell last year from 2021 levels even as its market share rose. But the 8pc contraction lagged the 21pc fall in India’s total base oils imports to less than 3.70mn t in 2022.Its rising share of imports, and the smaller fall in the outright volume of imports, reflected its rising demand for products that faced stronger growth in 2022.The slide in India’s total base oils imports in 2022 mostly reflected a slump in shipments of very-light grade base oils. Imports of Group II and Group III base oils rose..India's Dec Group III imports mixed.Savita Oil accounted for more than a quarter of India’s Group III base oils imports in December. The share was up from less than 16pc in all of 2021.Raj Petro Specialties was India’s second-largest importer in December with a share of more than 10pc of the total..India’s imports fell in December to a 31-month low of less than 200,000t.Raj Petro remained the country’s third-largest importer in 2022 with a share of more than 9pc of the total. The share was up from close to 8pc of the total in 2021.Apar Industries was India’s third-largest base oils importer in December with a share of more than 10pc of the total.The world’s third-largest supplier of transformer oils remained India’s fourth-largest importer in 2022 with a share of more than 8pc of the total. The share was up slightly from the previous year.Gandhar Oil Refinery’s share of India’s December imports fell to less than 6pc of the total. The share was down from more than 8pc in November and the lowest in 2022.But December was an outlier.Gandhar Oil was India’s second-largest importer five times in 2022. The steady imports sustained its position as the country’s second-largest base oils importer last year with a similar share to 2021..India’s December base oils imports fall
