{"id":22687,"date":"2025-11-18T13:04:18","date_gmt":"2025-11-18T10:04:18","guid":{"rendered":"https:\/\/mongolianews.mn\/?p=22687"},"modified":"2025-11-18T13:04:18","modified_gmt":"2025-11-18T10:04:18","slug":"indian-oil-firms-to-import-us-lpg","status":"publish","type":"post","link":"https:\/\/mongolianews.mn\/?p=22687","title":{"rendered":"Indian oil firms to import US LPG"},"content":{"rendered":"<p>New Delhi is under mounting pressure from the Trump administration to reduce its energy dependence on Moscow<\/p>\n<p>India has announced a major contract for sourcing liquified petroleum gas (LPG) from the US.<br \/>\nThe deal comes amid mounting pressure from the administration of US President Donald Trump to slash New Delhi\u2019s trade deficit with Washington and end oil purchases from Russia.<br \/>\n\u201dIndian PSU [public sector undertaking] oil companies have successfully concluded a 1-year deal for imports of around 2.2 MTPA LPG,\u201d Indian Petroleum and Natural Gas Minister Hardeep Singh Puri said in a post on X.<\/p>\n<p>            A historic first!One of the largest and the world\u2019s fastest growing LPG market opens up to the United States. In our endeavour to provide secure affordable supplies of LPG to the people of India, we have been diversifying our LPG sourcing. In a significant development,\u2026\u2014 Hardeep Singh Puri (@HardeepSPuri) November 17, 2025 <\/p>\n<p>The volumes will account for close to 10% of India\u2019s annual LPG imports, Puri said. India imports around 20-21 million tons of LPG annually.<br \/>\nThe US has imposed a 50% reciprocal tariff on Indian goods, including a 25% levy on imports of Russian oil.<br \/>\nIndia retained its position as the second-largest buyer of Russian crude oil in October.\u00a0<\/p>\n<p>        Read more<\/p>\n<p>            India remains second-largest buyer of Russian oil<\/p>\n<p>New Delhi has dismissed criticism over its Russian oil imports and maintains its energy policy is driven by \u201cnational interest,\u201d though it is also expanding trade with the US.\u00a0<br \/>\nTrump has backed US lawmakers drafting legislation to sanction countries purchasing Russian oil.<br \/>\nIndia\u2019s total exports to the US fell for a second consecutive month since the 50% tariffs were imposed late in August, according to reports.<br \/>\nShipments to the US reduced 8.5% year-on-year in October to $6.3 billion.<\/p>\n<p>            READ MORE: Russian and Indian foreign ministers meet ahead of Putin\u2019s New Delhi visit<\/p>\n<p>The US is still India\u2019s largest export market. In the first 7 months of this fiscal year, it accounted for exports worth $52 billion, according to reports.<br \/>\nIn September, Trump had referred to the trade ties between India and the US as a \u201ctotally one-sided disaster.\u201d India had a trade surplus of $40.82 billion with the US in FY25.<br \/>\nUS Commerce Secretary Howard Lutnick said in September that India must open its markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi is under mounting pressure from the Trump administration to reduce its energy dependence on Moscow India has announced a major contract for sourcing liquified petroleum gas (LPG) from&hellip;<\/p>\n","protected":false},"author":1,"featured_media":22688,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-22687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.3 - aioseo.com -->\n\t<meta name=\"description\" content=\"New Delhi is under mounting pressure from the Trump administration to reduce its energy dependence on Moscow India has announced a major contract for sourcing liquified petroleum gas (LPG) from the US. 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