22-July-2026
Economy News
 
War shock lifts India’s Q1 crude bill 77% to Rs 4.64 lakh crore
21-Jul-2026

India paid an additional Rs 2.02 lakh crore for crude oil imports in April-June quarter of the current fiscal year despite import volumes declining by 4.5%, as the West Asia war pushed up international prices. The country’s crude import bill jumped about 77% to Rs 4.64 lakh crore during April-June FY27, from Rs 2.62 lakh crore in the corresponding quarter last year, according to provisional data from the Petroleum Planning and Analysis Cell.

News Source:- https://www.financialexpress.com/policy/economy/war-shock-lifts-indias-q1-crude-bill-77-to-rs-4-64-l-cr/4297405/?ref=hometop_hp