{
  "id": 283438,
  "title": "India’s crude import bill up 26% in ’26-27 Q1 despite 18% volume fall",
  "url": "https://urgent.news/2026/08/07/indias-crude-import-bill-up-26-in-26-27-q1-despite-18-volume-fall",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-08-07T22:32:32.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/india/indias-crude-import-bill-up-26-in-26-27-q1-despite-18-volume-fall/articleshow/133044129.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "India's crude import bill surged 26% in Q1 2026-27, reaching $49 billion, despite a 18% decline in volumes to 59.7 million tonnes. The rise was attributed to the West Asia conflict disrupting supplies and driving up oil prices, with Brent crude touching nearly $120 per barrel at the peak of the conflict. Russia was the largest supplier, accounting for over 40% of imports, while the UAE, Saudi Arabia, Venezuela, and Oman were other major suppliers.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}