India’s Energy Import Bill Jumps 82% Due to High Oil Prices

India’s imports of crude and LNG jumped in May from April, as arrivals of non-Middle Eastern cargoes accelerated, and the country's energy import bill soared by nearly 82% from a year earlier amid higher energy prices. India’s crude oil imports rose by 7.5%, and LNG imports jumped by 16% in May from the previous month, according to provisional data from the oil ministry compiled by Indian media. The country paid as much as $18.7 billion on oil and gas imports in May, up by 81.6% compared to the May 2025 energy import bill of $10.3 billion,…