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India's Crude Oil Bill Jumps 26% Despite Buying Less Oil

India's Crude Oil Bill Jumps 26% Despite Buying Less Oil
India’s Crude Oil Bill Jumps 26% To $49 Billion Despite Buying Less Oil: Here’s Why · timesnownews.com

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.

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

Sources

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