New Delhi, Sept. 1 -- India's imports of petroleum products from the US, led largely by liquefied petroleum gas (LPG), rose 254% year-on-year to $2.60 billion during the April-June quarter of 2026-27, according to government data.
The sharp increase in LPG imports came amid disruptions to global energy supplies linked to the West Asia conflict. At the same time, India's crude oil imports from the US declined 57.5% to $1.57 billion during the quarter, compared with $3.70 billion in the same period a year earlier. Overall, India's merchandise imports from the US increased 24% to $12.69 billion in the first quarter of FY27, up from $10.23 billion a year earlier. Exports to the US also rose 4.9% to $21.80 billion during the period.
The data showed that the US accounted for 10.3% of India's total petroleum-product imports during the quarter, with LPG making up the bulk of those purchases. The increase in LPG imports came as India sought to secure energy supplies amid disruptions in the global market. The West Asia conflict had affected supplies and pushed energy prices higher, prompting India to increase purchases of LPG from alternative sources. India's imports of crude oil from the US, however, declined during the quarter. The fall came despite the broader increase in petroleum-product imports from the country. The latest trade figures come as India and the US continue discussions on strengthening bilateral trade ties. The two countries have been working towards resolving trade-related issues and expanding economic engagement.
India's total merchandise exports to the US stood at $21.80 billion during April-June, while imports from the country were $12.69 billion, leaving India with a trade surplus of around $9.11 billion during the quarter.
Published by HT Digital Content Services with permission from Millennium Post.