Naphtha Naphtha Profits from Indian Decision to Scrap Import Duties
Analysts expect a huge impetus for Naphtha imports in India from the recent cut of import duties.
New Dehli/India – Centre’s decision on scrapping five per cent import duty on naphtha will help the importers. It will boost the import of the hydrocarbon, analysts say. In India, the versatile solvent finds wide application in hydrocarbon cracking in refineries.
For example, Haldia Petrochemicals uses naphtha as one of their main raw materials. Based on this step, the company has a potential to save around Rupees 3500 millions annually.