Brief by Shorts91 Newsdesk / 10:55am on 28 Oct 2025,Tuesday India Global
Indian refiners have paused new oil purchases from Russia after the US imposed fresh sanctions on Rosneft and Lukoil, the country’s top energy producers. The move has raised payment and supply concerns, with buyers waiting for guidance from the government and suppliers. Some refiners, including Indian Oil and Reliance Industries, are now turning to spot markets to meet short-term crude needs. Reliance, India’s biggest private refiner, has also stopped importing oil from Rosneft. India imported about 1.9 million barrels of Russian crude per day this year, but volumes are falling amid tighter sanctions and shrinking discounts. (PC: India Today)
