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India Records Over 50% Jump in US Crude Imports in First Half of 2025
India has significantly expanded its crude oil and gas imports from the United States in the first half of 2025. Official trade data show a 50% year-on-year increase in crude oil imports from January to June. India imported an average of 0.271 million barrels per day (mb/d) of US crude, up from 0.18 mb/d at the same time last year.
The value of these imports increased significantly during the April-June quarter. US crude purchases increased by 114%, from $1.73 billion in 2024 to $3.7 billion in 2025. The surge continued into July, with shipments up 23% from June, raising the United States’ share of India’s total oil imports from 3% to 8%. Indian oil firms are likely to increase imports by 150% in FY2025-26.
Imports of liquefied natural gas (LNG) nearly doubled to $2.46 billion in FY2024-25, while liquefied petroleum gas (LPG) imports saw similar momentum. Long-term LNG supply agreements worth billions are being negotiated.
However, trade tensions rose after Donald Trump imposed a 25% tariff on Indian goods, citing high tariffs and India’s security ties with Russia.
