India's crude oil import bill rises 26% to $49 billion in Q1 FY27 despite volume fall

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energy

9 August 2026 at 12:30 am

India's crude oil import bill rises 26% to $49 billion in Q1 FY27 despite volume fall

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Summary

India's crude oil import bill increased by 26% to $49 billion in Q1 FY27, despite an 18% fall in import volumes, primarily due to higher global oil prices and supply disruptions.

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