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India Russian Oil Imports Drop in August

India experienced a decline in Russian oil imports during August as Middle East supplies increased. Refiners tapped spot markets ahead of potential tariff risks.

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FILE PHOTO: Tourists watch marine life, with the MT Desert Kite oil tanker carrying Russian oil in the background, at Narara Marine National Park in the Arabian Sea, Gujarat, India March 11 , 2026. REUTERS/Amit Dave/File Photo

India cut its daily intake of Russia's oil by 16.5% in August to 2.1 million barrels per day (bpd). Total crude imports fell 8.8% to 4.44 million bpd, trade data showed on Tuesday morning.
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