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EconomyWorld

India’s US Crude Oil Imports Surge Over 50% in First Half of 2025

Ankita Das
Last updated: August 3, 2025 9:52 am
Ankita Das

India has increased its crude oil imports from the United States by more than 50% in the first half of 2025, showing a major shift in its energy sourcing, according to official trade data shared by ANI.

From January to June 2025, India imported an average of 0.271 million barrels per day from the US, compared to 0.18 million barrels per day during the same period in 2024.

The growth has been especially strong in the last few months. Between April and June 2025, US crude imports to India grew 114% compared to last year. The value of these imports rose from $1.73 billion in Q1 FY24-25 to $3.7 billion in Q1 FY25-26.

Also Read: Brent Crude Oil May Reach $80 – Indian Oil Companies Could Face Challenges Without Russian Supply

In July 2025 alone, India imported 23% more crude oil from the US than in June 2025. The US share in India’s total crude imports rose from 3% to 8%. According to ANI sources, Indian companies plan to increase US crude imports by 150% in the current financial year (2025-26).

Not Just Crude Oil — LNG and LPG Imports Also Rising

India’s imports of liquefied natural gas (LNG) from the US almost doubled, going from $1.41 billion in 2023-24 to $2.46 billion in 2024-25. Imports of liquefied petroleum gas (LPG) also increased. Reports suggest that talks are ongoing for a long-term LNG deal worth several billion dollars.

Strong Energy Ties Despite Tensions

This boost in energy trade comes as India and the US continue to strengthen their strategic partnership. The Indian Ministry of External Affairs recently said that both countries share a strong relationship based on common values and mutual interests.

However, the relationship faced a challenge when US President Donald Trump announced 25% tariffs on Indian products. He said India would also face an additional penalty starting August 1, later changed to August 7. The White House explained the move by blaming India’s “unfair trade practices,” trade imbalance, and strong ties with Russia.

Read more: Trump Imposes 25% Tariff on India, Adds Penalty for Buying energy and weapons from Russia

Despite this, energy trade between the two nations continues to grow.

TAGGED:CrudeOilEnergyImportsIndiaUSTradeLNGLPGTrumpTariffs
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