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Reading: India’s Crude Oil Imports Surge by 150% in FY26
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StockWaves > Financial News > India’s Crude Oil Imports Surge by 150% in FY26
Financial News

India’s Crude Oil Imports Surge by 150% in FY26

StockWaves By StockWaves Last updated: August 4, 2025 3 Min Read
India’s Crude Oil Imports Surge by 150% in FY26
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August 4, 2025August 4, 2025





India’s vitality ties with the USA are deepening quickly, with crude oil imports from the US projected to surge by over 150% year-over-year in FY26, in line with sources.

In Q1 FY26 alone, India’s crude imports from the US jumped 114% to $3.7 billion, in comparison with $1.73 billion in the identical interval final 12 months. The share of US crude in India’s import basket additionally rose sharply, growing from 3% to eight% in July FY26.

Between January and June 2025, India imported a mean of 0.271 million barrels per day (mb/day) of crude from the US, up from 0.18 mb/day throughout the identical interval in 2024.

Liquefied pure fuel (LNG) commerce can also be increasing, with India’s LNG imports from the US doubling from $1.4 billion in FY24 to $2.4 billion in FY25, underscoring the strengthening vitality partnership between New Delhi and Washington.

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