India imports crude oil worth nearly $50 bn in Q1FY27, 40% of FY26 total crude import bill

Mint (India)

India's crude oil import bill surged 60% to $49.8 billion in Q1FY27, 40% of last year's entire bill, even as import volumes fell, driven by the loss of war-era discounts and a weakening rupee. ...

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India imports crude oil worth nearly $50 bn in Q1FY27, 40% of FY26 total crude import bill

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