India’s oil import bill swells 49 per cent to $115 billion in May

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India’s oil import bill swells 49 per cent to $115 billion in May

19 June 2018, New Delhi — The recent rally in global crude oil prices has led to India’s oil import bill swelling 49 per cent to $115 billion in May as compared to $76 billion recorded in the corresponding month a year ago. This has pushed the country’s merchandise trade deficit to $14.62 billion during the …

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