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Crude import bill declines by 18%
Financial Express Bengaluru
|August 18, 2025
Cheap Russian Oil Plays Its Part
INDIA'S CRUDE IMPORT bill declined by 18% to $40.4 billion in the first four months of FY26, compared with $49 billion in the year-ago period, according to data from the government's petroleum planning and analysis cell.
The country imported 81.2 million tonnes of crude oil during April to July, marginally down from 81.7 million tonnes in the same period of the previous fiscal. India's reliance on crude oil imports increased to 88.8% during the period, up from 88.1% in April-July of 2024, amid rising demand.
This story is from the August 18, 2025 edition of Financial Express Bengaluru.
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