India's US Crude Oil Imports Jump More Than Half After Trump's Return To Power: Report

Last Updated:August 03, 2025, 09:41 IST

The uptick extends beyond crude oil as imports of US liquefied natural gas (LNG) also doubled—from $1.41 billion in FY23–24 to $2.46 billion in FY24–25.

PM Modi with US President Donald Trump at White House | Image: AP

India sharply increased its crude oil imports from the United States during President Donald Trump’s second term, signalling a major shift in the country’s energy sourcing strategy, official trade data reveals, as reported by ANI, citing government sources.

In the first half of 2025, US crude exports to India surged by more than 50 per cent, averaging 0.271 million barrels per day (mb/d) between January and June—up from 0.18 mb/d in the same period last year.

The April–June quarter saw a 114 per cent year-on-year jump in volumes, with the value of imports rising from $1.73 billion in Q1 FY24–25 to $3.7 billion in Q1 FY25–26.

In July 2025 alone, imports from the US rose by 23 per cent compared to June, pushing the American share of India’s crude basket from 3 per cent to 8 per cent. Sources said Indian refiners are expected to increase US oil imports by 150 per cent in FY25–26.

The uptick extends beyond crude oil.

Imports of US liquefied natural gas (LNG) nearly doubled—from $1.41 billion in FY23–24 to $2.46 billion in FY24–25. Liquefied petroleum gas (LPG) imports also saw significant growth, with talks underway for a multi-billion-dollar long-term LNG supply deal.

The surge in energy trade reflects deepening strategic ties between New Delhi and Washington.

Reaffirming this, Ministry of External Affairs spokesperson Randhir Jaiswal said Friday, “India and the United States share a comprehensive global strategic partnership anchored in shared interests, democratic values, and robust people-to-people ties… We remain focused on the substantive agenda that our two countries have committed to."

Despite the sharp rise in oil imports from the US, Indian officials have made it clear that the country will maintain its crude purchases from Russia.

The clarification comes in response to US President Donald Trump’s claims that New Delhi had halted Russian oil imports — assertions Indian authorities have categorically denied, according to ANI.

The tariffs, initially set to begin on August 1, have been postponed to August 7.

Location :

First Published:

August 03, 2025, 09:41 IST

News india India's US Crude Oil Imports Jump More Than Half After Trump's Return To Power: Report

Read More