Calculate Your Landed Cost
Adjust values for Crude Oil & Petroleum from India
How Tariffs Stack
Each layer adds to the total cost — amounts based on customs value
Full Landed Cost Breakdown
Based on a $10,000 ocean shipment (FOB value)
How the Tariff Rate is Calculated
The tariff structure for crude oil & petroleum follows the US stacking formula: the MFN base rate of 0.1%, plus bilateral deal rate of 18%. The special tariff layer (the highest of Section 122, Section 232, or bilateral rates) is 18%, which combines with the MFN base to produce a subtotal before Section 301 duties. Adding all layers yields a total tariff rate of 18.1%. On a customs value of $10,600.00, this translates to total duties of $1,918.60, plus the Merchandise Processing Fee of $36.72 and Harbor Maintenance Fee of $13.25. The total landed cost including all fees reaches $12,568.57.
Trade Context
The United States imported $83B in goods from India in 2024, making it a significant trading partner in the Asia-Pacific region. Key import categories from India include pharmaceutical ingredients, generic drugs, clothing garments, reflecting the country's industrial and agricultural strengths. Crude Oil & Petroleum represents an important segment of this trade relationship, with demand driven by both price competitiveness and product availability in the US market. The bilateral trade volume underscores the economic significance of tariff policy decisions affecting imports from India.
What Happens When Section 122 Expires?
Section 122 does not directly affect imports of crude oil & petroleum from India because the bilateral trade agreement rate of 18% replaces the standard Section 122 surcharge. If Section 122 expires on July 24, 2026, the bilateral deal terms may be renegotiated. Importers should monitor developments in the bilateral relationship and any potential changes to the negotiated rate structure.
Alternative Sourcing Countries for Crude Oil & Petroleum
Importers looking for lower tariff costs on crude oil & petroleum may consider sourcing from Vietnam (effective rate 18%, saving approximately 0.1 percentage points); Bangladesh (effective rate 15%, saving approximately 3.1 percentage points); Indonesia (effective rate 15%, saving approximately 3.1 percentage points). Compared to India's total effective rate of 18.1%, these alternatives offer potential cost savings depending on the specific product classification and applicable trade agreements. Each alternative carries its own tariff structure, so importers should calculate the full landed cost before switching suppliers.
Tariff Timeline for India
Section 232 steel/aluminum raised to 50%
Section 122 uniform 15% surcharge enacted
India bilateral deal at 18% takes effect (de facto)
Frequently Asked Questions
The current total tariff rate on Crude Oil & Petroleum from India is 18.1%. This is composed of the following layers: MFN base rate: 0.1%; Bilateral deal rate: 18%. The effective tariff rate after all layers is 18.1%.
For a $10,000 shipment of Crude Oil & Petroleum from India, you can expect to pay approximately $1,810.00 in total duties at the current rate of 18.1%. Additional fees include the Merchandise Processing Fee (MPF) and, for ocean shipments, the Harbor Maintenance Fee (HMF). The total landed cost for a $10,000 order would be approximately $11,810.00, representing an effective cost increase of 18.1% over the FOB price. Use our tariff calculator for precise calculations based on your specific shipment value and shipping method.
The standard Section 122 surcharge has been replaced by a bilateral deal rate of 18% for India. This bilateral agreement, effective since 2026-03-01, supersedes the general Section 122 rate. The bilateral rate applies instead of (not in addition to) the Section 122 surcharge.
Section 122 does not currently apply to Crude Oil & Petroleum from India, so its expiration on July 24, 2026 would not directly change the tariff cost. The current tariff rate of 18.1% would remain based on other applicable tariff layers. However, broader trade policy changes surrounding the Section 122 expiration could affect overall tariff structures.
For Crude Oil & Petroleum, alternative sourcing countries to consider instead of India include Vietnam (effective rate: 18%), Bangladesh (effective rate: 15%), Indonesia (effective rate: 15%). Compared to India's total effective rate of 18.1%, these alternatives may offer lower landed costs depending on the specific HTS classification. Use our country comparison tool to see a detailed side-by-side analysis of tariff costs.