Russia has emerged as the dominant supplier of crude oil to India, with its share in India's total crude imports touching a record 48%, despite increasing pressure from the United States to curb purchases of Russian energy.
According to the latest trade data, India imported about 8.7 million metric tonnes (MMT) of crude oil from Russia during the period under review. While India's overall crude imports declined, purchases from Russia remained strong due to attractive discounts and stable supplies.
The increase comes even as the U.S. Senate has backed legislation that could allow the imposition of 100% tariffs on major buyers of Russian oil if the measure becomes law. India and China are among the countries that could potentially be affected by such action.
Indian refiners have continued to source Russian crude because of its competitive pricing and the country's growing energy requirements. Analysts say the purchases are driven primarily by commercial considerations and India's need to ensure uninterrupted energy supplies.
Experts believe India is likely to continue balancing its strategic partnership with Russia while maintaining diplomatic engagement with the United States. Any future change in India's import strategy will depend on how the proposed U.S. measures are implemented and the availability of alternative crude supplies at competitive prices.
The rise in Russian oil imports also highlights India's efforts to secure affordable energy amid volatile global markets and geopolitical uncertainty. The government has consistently maintained that its energy procurement decisions are guided by national interest and energy security.
