3 weeks ago
India's Crude Oil Bill Jumps 26% Despite Buying Less Oil
India is a big country that needs lots of oil to run its cars, trucks, planes, and factories.
India does not have enough oil of its own, so it buys oil from other countries.
Buying oil from other countries is called importing.
Between April and June, India's bill for buying oil was $49 billion.
That is even more than last year, when the bill for the same months was $39 billion.
So India had to pay 26% more money this time.
The funny thing is, India actually bought less oil this year than last year.
So why did it pay more?
Because the price of oil went up.
When there are problems or conflicts in places that make oil, oil becomes more expensive.
So even buying less oil cost India more money.
India spent $49 billion on crude oil imports between April and June 2026.
The import bill rose 26% from $39 billion in the same quarter the previous year.
The higher spending came despite India importing less crude by volume.
Geopolitical disruptions and elevated international oil prices drove the cost increase.
The figures were reported from data released by the Commerce Ministry.
- Who
- India, whose crude oil trade figures are tracked by the Commerce Ministry.
- What
- India's crude oil import bill jumped 26% to $49 billion despite buying less oil by volume.
- Where
- India.
- When
- April to June, the first quarter of India's fiscal year 2026-27.
- Why
- Geopolitical disruptions and elevated international oil prices increased costs even though import volumes fell.
Key facts
- Crude import bill
- $49 billion
- Year-on-year increase
- 26%
- Bill in same period last year
- $39 billion
- Reporting period
- April-June (Q1 FY 2026-27)
- Import volume
- Lower than the previous year
- Cause of rise
- Geopolitical disruptions and elevated international oil prices
- Data source
- Commerce Ministry











