India Faces ₹14,000 Cr Hit Annually for Every $1 Crude Price Rise Amid West Asia Crisis

• Every $1 increase in crude oil prices raises India's annual oil import bill by approximately ₹14,000 crore.
• India sources 30% of its oil and 40% of its LNG from West Asia, making it highly dependent on the region.
• International crude prices have surged past $100, with Indian crude reaching $127 per barrel, significantly higher than pre-war levels of $70-75.
• Concerns are growing over LNG supply, especially from Qatar, for which alternative sources are limited.
• IndiGo will impose a new fuel surcharge on tickets from March 14, increasing costs for passengers.