India’s Crude Oil Import Bill Soars 60% as Iran War Drives Prices Hig… | HappeningNow.news
Published Date: July 20, 2026
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India’s Crude Oil Import Bill Soars 60% as Iran War Drives Prices Higher

India paid 60% more for crude oil imports in the April-June quarter compared to the same period last year, as the surge in oil prices cou…

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India paid 60% more for crude oil imports in the April-June quarter compared to the same period last year, as the surge in oil prices couldn’t offset slightly lower import volumes. The value of India’s crude oil imports jumped in the first quarter of India’s 2026/2027 fiscal year ending March 31, 2027, due to the elevated international crude oil prices, pro…

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