
India slashes Russian oil imports amid pressure from the US
India slashes Russian oil imports amid pressure from the US
- India's oil imports from Russia have decreased significantly, reaching 1.3 million barrels per day.
- The Indian government is encouraging oil diversification as a response to market pressures and sanctions.
- This trend indicates India's commitment to reducing reliance on Russian oil amidst increasing global pressures.
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India, under the pressure of Western sanctions and rising tariffs, has been diversifying its oil import sources, particularly in light of the ongoing war in Ukraine. As of early 2026, Indian Oil Minister Hardeep Singh Puri highlighted the continuing decline in oil purchases from Russia, which fell to 1.3 million barrels per day from an average of 1.8 million barrels in the previous year. This reduction is part of India's strategy to navigate the geo-political landscape and reduce reliance on Russian oil. The demand for crude oil from various other countries, including Canada, the US, Middle Eastern, African, and South American nations, has been on the rise as India seeks new suppliers. This shift has been accelerated due to punitive tariffs imposed by the US and its push for India to reduce its Russian oil intake. Despite facing challenges with tariff rates, India aims to lower its Russian imports to below one million barrels per day shortly. Indian refiners, including major companies like Hindustan Petroleum and Reliance Industries, are adapting to these shifts by sourcing oil from alternate markets. The changing dynamics of global politics and the need to provide for domestic energy demands are driving the Indian government's decisions regarding its oil imports. Therefore, the country is poised to continue its trend towards diversification of oil supply sources while reducing its dependence on Russian imports.