India’s crude oil import bill surged nearly 57% year-on-year (y-o-y) to $63.4 billion during April-July of FY27, even as import volumes remained virtually unchanged, highlighting the sharp impact of elevated global crude prices on the country’s energy bill. Crude imports rose just 0.5% to 81.9 million tonne (MT) during the four-month period, from 81.5 MT a year earlier, according to data from the Petroleum Planning and Analysis Cell (PPAC). In rupee terms, the crude import bill stood at Rs 5.94 lakh crore.