India’s Crude Oil import bill rises 47% Y-o-Y in September

New Delhi, Oct 22 (UNI) India's crude oil import expenditure jumped 47 per cent year-on-year (Y-o-Y) to USD 15.4 billion in September 2026, driven by a sharp increase in international oil prices amid escalating tensions in West Asia, according to data released by the Petroleum Planning & Analysis Cell (PPAC). The increase in spending was significantly higher than the growth in import volumes. India imported 21.7 million tonnes (MT) of crude oil in September, up 7 per cent from 20.3 MT in the corresponding month last year. The surge in the import bill coincided with a steep rise in crude…