India's oil imports from US surged over 270% in first four months of year

India imported 6.31 million tonnes of US crude in January-April, sharply up from 1.69 million tonnes in the year-ago period. India’s oil imports from the US jumped over 270 per cent year-on-year in the first four months of 2025, underscoring Delhi's strategy of enhancing American imports amid trade pact negotiations and diversifying its sources of crude oil in a volatile geopolitical and geo-economic environment.Negotiations between India and the US for an interim trade deal by July 9 have entered their final phase.

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According to the latest available data with the Directorate General of Commercial Intelligence and Statistics (DGCIS), India imported 6.31 million tonnes of US crude in January-April, sharply up from 1.69 million tonnes in the year-ago period. With this, the US accounted for 7 per cent of India's oil imports for January-April 2025, significantly higher than 2 per cent in the corresponding four months of 2024.In value terms, India's US crude imports in the first four months of the current calendar year stood at $3.78 billion, a big jump from around $ 1 billion in the year-ago period. It is worth noting that not just volumes, but oil price fluctuations also play a crucial role in determining the value of imports.