Brief by Shorts91 NewsDesk / 03:16pm on 15 Aug 2025,Friday India Global
India’s Russian oil imports surged to a record 2 million barrels per day in August, accounting for 38% of total crude intake. This rise came despite U.S. President Donald Trump’s 50% tariff threat over India’s continued purchases from Moscow. Refiners prioritized economic logic, shifting away from Iraq and Saudi Arabia. Indian Oil Corporation and BPCL confirmed no government directive to reduce Russian volumes, calling it “business as usual.” Discounts on Russian crude narrowed to $1.5 per barrel but rose slightly in August. While refiners explore alternatives from the U.S., West Africa, and Latin America, experts say this reflects flexibility not a pivot. Russian oil remains central to India’s energy strategy unless sanctions are imposed. (PC: European Council & Shutterstock)
