India's crude oil import bill soared to $50 billion in Q1 FY27, driven by a 61% year-on-year increase amid heightened geopolitical tensions in West Asia.

India’s crude oil import bill during Q1 FY27 rose to almost $50 billion—the highest on record for the period—as the West Asia conflict disrupted supplies sending prices of the…

India's crude oil import bill soared to $50 billion in Q1 FY27, driven by a 61% year-on-year increase amid heightened geopolitical tensions in West Asia.