India's crude oil import bill surged 41% year-on-year to $13.7 billion in July, driven by rising international prices amid the West Asian crisis. Volumes rose 13.3% to 21.4 MMT. The crude basket averaged $82.04 per barrel. India remains heavily dependent on imports, with crude accounting for 88.5% of consumption. Russian imports have steadily increased.
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India's Crude Oil Import Bill Jumps 41% To $13.7 Billion In July
