India’s crude import bill surges 41% in July amid West Asia crisis; volumes up 13%
India's crude oil import bill rose 41% year-on-year to $13.7 billion in July, driven by volatile global prices amid ongoing crises in West Asia. The country, which imports nearly 89% of its crude oil needs, also saw import volumes increase by 13%. This trend highlights the impact of geopolitical tensions on India's energy costs.