India's Apr-Oct crude import bill falls 13% YoY to $71.2 bln, Oct bill dn 5%
This story was originally published at 11:33 IST on 18 November 2025
Register to read our real-time news.Informist, Tuesday, Nov. 18, 2025
NEW DELHI – India's crude oil import bill for the first seven months of 2025-26 (Apr-Mar) fell nearly 13% on year to $71.2 billion, despite a rise in import volumes, according to the Petroleum Planning and Analysis Cell' October report. During Apr-Oct, the country imported 142.7 million tonnes of crude oil, up 1.5% from last year.
In October, India imported 21.1 million tonnes of crude oil, up from 19.9 million tonnes a year ago. However, the import bill fell to $10.3 billion, down 5% from $10.8 billion, amid softer global crude oil prices.
The average Brent crude oil prices in October were at $64.75 per barrel, as against $75.66 per barrel in the same month last year. "The Indian basket crude price averaged $65.08/bbl during October 2025 as against $69.61/bbl during September 2025 and $75.12/bbl during October 2024," the report said.
The country's dependency on crude oil imports in Apr-Oct was higher at 88.5% against 88.0% in the corresponding period a year ago. Domestic crude oil production in Apr-Oct fell to 16.5 million from 16.7 million tonnes last year, while consumption of petroleum products rose to 139.0 million tonnes from 137.3 million tonnes.
In Apr-Oct, total gross petroleum imports, including crude oil and petroleum products, rose to 172.5 million tonnes from 170.1 million tonnes. The value of gross total petroleum imports fell to $85.1 billion from $95.7 billion, the report showed. India's exports of petroleum products rose marginally to 37.0 million tonnes from 36.7 million tonnes during Apr-Oct. The value of exports declined to $23.2 billion from $25.4 billion during the period. End
US$1 = INR 88.65
Reported by Afra Abubacker
Edited by Tanima Banerjee
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
