Krishnapatnam Port gets nod to import petroleum

Ministry of Ports, Shipping and Waterways has notified that the Central Government in consideration of the necessary to import petroleum has allowed Adani Krishnapatnam Port for importing petroleum into India by sea in accordance with operations permitted in Navigational Safety at Ports Committee (NSPC) for the period from 25^th August 2024 to 1^st March 2026. Mr R Lakshmanan, Jt. Secy, issued the notification on 6^th December 2024. The port on East Coast of India has an existing dedicated POL Jetty to handle LPG and POL products. Notably, India’s reliance on imported crude oil increased to 87.7% in 2023-2024, and the country imported 232.5 million metric tonnes (MMT) of crude oil in the fiscal year 2023-2024.