NEW DELHI, Nov 17: Indian state-run oil companies have signed a one-year deal to import cooking gas LPG from the United States in 2026, marking a push by New Delhi to expand energy purchases from Washington. The move is seen as an attempt to narrow India’s trade surplus with the US – a sticking point for President Donald Trump, who has slapped a 50 per cent tariff on Indian goods entering America. “Indian PSU oil companies have successfully concluded a one-year structured contract to import around 2.2 million tonnes of LPG from the US Gulf Coast for the contract year 2026,” an official statement said on Monday. The quantity contracted is close to 10 per cent of India’s annual LPG imports and marks the first such structured US LPG contract for the Indian market. While India is ei

See Full Page