Archive · 2 Jun 2025
India's Oil Imports Shift, Fuel Prices Decrease
India is adjusting its oil sources, buying more from the U.S. while still getting a lot from Russia.
This is partly because global oil prices have fallen.
Meanwhile, jet fuel prices went down for the third time in a row, lowering costs for airlines.
Also, the price of cooking gas may drop because the price of natural gas inside India went down.
However, the price of cooking gas for homes hasn't changed.
India is increasing oil imports from the US but maintaining significant purchases from Russia.
Jet fuel (ATF) prices were cut by 3% on June 1.
The price of commercial LPG decreased by ₹24 per 19-kg cylinder.
Domestic natural gas prices have fallen to their lowest level since April 2023.
These changes reflect shifts in global energy prices and India's import strategies.
- Who
- The Indian government and oil companies
- What
- ATF and commercial LPG prices were reduced
- When
- June 1
- Where
- India
- Why
- Due to falling global oil prices
- ATF Price Reduction
- 3% decrease
- ATF Price in Delhi
- ₹83,072.55 per kl
- Commercial LPG Price Cut
- ₹24 per 19-kg cylinder
- Commercial LPG Price in Delhi
- ₹1,723.50 per cylinder
- Domestic Natural Gas Price
- $6.41 per million BTU
- Domestic LPG Price
- Unchanged at ₹853 per 14.2-kg cylinder
- Indian Crude Basket
- $72 per barrel in March 2025
Sources
India reduces import tax on crude edible oils by 10% to bring down food prices
Govt cuts edible oil import duty by 10 percentage points to tame soaring prices
Govt cuts import duty on crude edible oils to 10 pc; move to cool prices, protect local industry
Industry bodies hail cut on crude oil customs duty, call it timely support for refiners
ATF price cut by 3%, commercial LPG rate down by ₹24
Cooking gas prices may fall as local natural gas prices fall to a 2-year low
