Crude import bill rises 2.9% in Apr-Feb

Fuelling Growth

- ARUNIMA BHARADWAJ

INDIA'S CRUDE IMPORT bill rose 2.9% during the first 11 months of FY25, reaching $124.7 billion compared with $121.2 billion in the same period of FY24, according to data from the government's petroleum planning and analysis cell.

India imported 219.9 million tonne of crude oil between April and February, marking a 3% increase from 213.4 million tonne in the corresponding period last year.

In February alone, the crude oil import bill increased by nearly 3% to $10.6 billion, while import volumes increased by 5% to 19.1 million tonne compared to February 2024.

India's reliance on crude oil imports increased to 88.2% during April-February of the current fiscal, up from 87.7% in the same period of FY24, amid rising demand.