India’s base oils supply rose to a four-month high in July as a rise in imports countered a drop in domestic output.Base oils output of 120,000t in July fell from 133,000t the previous month, government data showed.Output still rose for a ninth month from year-earlier levels, lifting total base oils production to 989,000t in the first seven months of the year.The volume rose by 40pc from 708,000t during the same period last year to a record high. The higher production levels outpaced the rise in India’s total oil products output this year. These also climbed to record-high levels.India’s total base oils supply, or output and imports combined, came to 451,000t in July.Supply rose from 442,000t the previous month and to 2.97mn t in the first seven months of the year.The volume was down 5pc from 3.13mn t during the same period last year, with the slide in imports outpacing the rise in domestic output..India’s July base oils imports rise.Base Oil News stories and analysis also available on ICIS platform
