India’s crude oil imports declined nearly 17% in March, says data
The Hindu·2h ago·Fear
What Happened
India's crude oil imports declined 17% year-over-year in March 2026, the first full month of West Asia crisis, according to Petroleum Planning and Analysis Cell data. Despite lower volumes, New Delhi spent 4.9% less on crude imports during the period, reflecting both reduced demand and geopolitical pressures.
Key Entities
IndiaCrude oil importsMarch 2026West AsiaPetroleum Planning and Analysis Cell (PPAC)New Delhi