India’s oil imports from US surged over 270% in first four months of year

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India’s oil imports from the US jumped over 270 per cent year-on-year in the first four months of 2025, underscoring Delhi’s strategy of enhancing American imports amid trade pact negotiations and diversifying its sources of crude oil in a volatile geopolitical and geo-economic environment. Negotiations between India and the US for an interim trade deal by July 9 have entered their final phase. According to the latest available data with the Directorate General of Commercial Intelligence and Statistics (DGCIS), India imported 6.31 million tonnes of US crude in January-April, sharply up from 1.69 million tonnes in the year-ago period. With...