EnergyPre-market
India's crude oil import bill to rise due to sanctions
pre-market1 source ↓written by the desknot a recommendation
- in FY2025
- 265.7 MMT
- of demand
- 89%
- production declines
- 37.5 MMT
- since FY2015
- 28.7 MMT
India's crude oil consumption is projected to grow from 265.7 MMT in FY2025, with imports covering 89% of demand. Sanctions on Russian suppliers may further inflate the import bill, as domestic production declines from 37.5 MMT to 28.7 MMT since FY2015. This trend could impact energy sector dynamics significantly.
Not investment advice. For informational purposes only.