India's crude oil import bill up 3% in 10 months this fiscal

Reliance on imports at 88.2% in Apr-Jan

- ARUNIMA BHARADWAJ

INDIA'S CRUDE IMPORT bill rose by 2.7% during the first ten months of FY25, reaching $113.9 billion compared to $110.9 billion in the same period of FY24, according to data from the Petroleum Planning and Analysis Cell.

The country imported 200.5 million tonne of crude oil between April and January, marking a 2.7% increase from 195.2 million tonne in the corresponding period last year.

However, in January alone, the crude oil import bill declined by nearly 6%, while import volumes dropped 3.2% to 20.8 million tonne compared to January 2023.

India's reliance on crude oil imports increased to 88.2% during April-January of the current fiscal, up from 87.6% in the same period of FY24, amid rising demand.