India’s Natural Gas Import Bill Rises 23% in First Half of FY27

India’s natural gas import bill climbed to $8.5 billion in the first six months of FY27, up 23% from a year earlier, as per news reports. The increase came even though import volumes grew only modestly, pointing to higher prices as the main reason for the bigger bill. 

Data from the Petroleum Planning and Analysis Cell (PPAC) show that India imported 18,189 million standard cubic metres of liquefied natural gas during April–September FY27, 4.4% more than the same period last year. 

Import Costs Rise Despite Steady Demand 

Domestic natural gas production fell 4.4% to 16,804 MMSCМ during the period. Overall gas consumption, however, remained almost unchanged at 34,769 MMSCМ. 

That combination meant imports continued to account for a larger share of the country’s gas needs. In September, the import bill stayed near $1.2 billion, even as import volumes fell 8.5% a year earlier. The figures suggest India was paying more per unit of imported gas. 

West Asia Conflict Adds to Pressure 

Disruptions to shipping around the Strait of Hormuz have added uncertainty to global oil and gas supplies. For import-dependent countries such as India, higher international prices and freight costs can quickly feed into energy bills. 

Petroleum Trade Shows a Different Trend 

India’s petroleum product import bill moved in the opposite direction, falling 24.5% to $8.6 billion in April–September FY27. Import volumes also dropped sharply, from 25.6 million tonnes to 13.4 million tonnes. 

Petroleum product exports fell 18% by volume, but their value rose 33% to $26.6 billion, reflecting higher prices.  

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Conclusion 

India’s natural gas import bill has risen much faster than the volume of gas purchased. With domestic production lower and global supply routes under pressure, prices remain a key factor in the country’s energy import costs. 

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