New Delhi, June 16 -- While India's trade deficit widened to USD 28.21 in May 2026, lower crude oil prices and higher duties on gold imports will likely ease pressure on the import bill and trade deficit as per a report by Dolat Capital.

The report noted that India's petroleum imports surged sharply to USD 22.7 billion in May-26 from USD 14.0 billion a year ago, while non-petroleum exports increased to USD 70.7 billion during April-May FY27 from USD 64.0 billion in the corresponding period last year. Non-petroleum, non-gems and jewellery exports also increased to USD 65.9 billion from USD 59.2 billion.

Furthermore, India's non-petroleum imports remained robust at USD 104.1 billion as against USD 90.8 billion a year ago, on demand for el...