India imports of Russian oil fall to 38-month low in December 2025
India Russian Oil Imports Hit 38-Month Low
India imports of Russian oil fell sharply in December 2025, reaching the lowest level in more than three years as refiners increased purchases from alternative suppliers. The shift reflects ongoing efforts to diversify sourcing and manage price risks amid evolving global supply dynamics.
Russian Oil Imports by India Fall In December 2025
Data showed Russian shipments to India dropped to a 38-month low during the month. Russian oil had become India’s largest supply source after 2022, but refiners gradually reduced dependence as discounts narrowed and logistics costs changed.
Industry participants indicated refiners adjusted procurement strategies based on pricing spreads, freight costs and refinery configurations. The decline does not end purchases but signals a recalibration of volumes rather than a complete exit.
India Diversifies Crude Oil Sources
Indian refiners increased buying from West Asian and other producers to balance supply security. The diversification aims to avoid over-reliance on a single source and maintain flexibility in case of geopolitical disruptions or price volatility.
Oil companies typically maintain a basket approach, switching suppliers depending on refinery compatibility and commercial terms. December’s trend reflects commercial optimisation rather than a policy ban.
Impact On Energy Strategy And Markets
Lower Russian volumes may slightly alter trade routes and tanker demand but are unlikely to affect domestic fuel availability. India continues to import significant quantities of crude from multiple regions to support growing consumption.
Analysts expect procurement patterns to remain dynamic, with refiners continuing opportunistic buying depending on global price differentials and supply stability.
