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marches48 %India's oil import bill jumps 48% year-on-year

India's oil import bill jumps 48% year-on-year

India spent $24.4 billion more on oil imports between April and August.

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0.4 %
International crude prices surged despite a 0.4% drop in import volumes

The fact

International crude prices surged despite a 0.4% drop in import volumes.

This increase strains the country's trade balance, already impacted by geopolitical tensions.

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Auto-synthesis from 1 media source · identified on September 22, 2026
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