India's crude import bill jumped 61% to $49.8 billion in Q1 FY23, driven by sustained oil prices above $100 per barrel despite a 4% decline in import volumes.
The spike comes despite a 4% decline in import volumes during this time
Jul 21, 2026
12:07 pm
What's the storyIndia's crude oil import bill surged by a whopping 61% to $49.8 billion in the April-June period, compared to the same period last year.
The spike comes despite a 4% decline in import volumes during this time, according to data from the Petroleum Planning and Analysis Cell (PPAC).
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