No. Blood glucose refers to the amount of sugar in your bloodstream. Insulin is the hormone released by your pancreas to keep your blood glucose within range. Insulin LOWERS your blood glucose. Not having enough insulin (in T1 diabetics) or not being able to use your body's insulin (T2s) results in HIGH blood glucose. Having a low level of insulin in your body shown by blood work CAN be a reason for having high blood glucose, but not always.
So, insulin lowers blood glucose. Eating carbohydrates and/or not having enough insulin in your body raises your blood glucose.