India Paid More for Crude Despite Lower Oil Imports
India's crude oil import bill surged to $18.7 billion in May 2026 as global prices spiked amid the West Asia conflict, even though import volumes remained below earlier peaks. Imports fell to 18.9 million tonnes in June, while the import bill stayed elevated.
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India Paid More for Crude Despite Lower Oil ImportsIndia's crude oil import bill surged to $18.7 billion in May 2026 as global prices spiked amid the West Asia conflict, even though import volumes remained below earlier peaks. Imports fell to 18.9 million tonnes in June, while the import bill stayed elevated.
