Savita Oil Technologies remained India’s largest base oils importer in September for a fourth month as it boosted its share of imports to the highest level this year.The blender’s share of India’s base oils imports rose to more than 21pc of the total volume in September, provisional customs data showed. Its highest share of imports had previously been less than 18pc of the total so far this year..The trend boosted its share of India’s imports to more than 14pc of the total in the first nine months of the year. The share was up from around 10pc in 2021.India’s base oils imports fell to a 27-month low in September as buyers held back until they were comfortable that the fall in regional prices had bottomed out..India's September base oils imports fall.The drop in supplies included Group II and Group III base oils. Imports of very-light grade base oils had been falling steadily since the start of the second quarter of the year.Gandhar Oil Refinery was India’s second-largest base oils importer in September for the fourth time this year, but for the first time in three months.Its share of India’s imports rose to more than 14pc of the total. The share rose from less than 10pc in August to the highest this year.Raj Petro Specialities was India’s third-largest base oils importer in September for a second month. Its share of less than 11pc of the total was the lowest in three months but still well above its 2021 share of around 8pc.Gulf Oil Lubricants India’s share of the country’s base oils imports rose to more than 6pc of the total in September. The share was its highest this year and up from an average of little more than 3pc of the total in the first nine months of the year.India’s five largest importers accounted for more than 60pc of the country’s base oils imports in September. The share was up from less than 50pc of the total in August and from an average of less than 46pc in the first nine months of the year.The largest base oils importers in other countries in southeast Asia tended to be concentrated among a smaller number of buyers..Savita India’s largest Aug base oils importer
