Indian private oil companies increased crude purchases from Russia in H1 2025

In the first half of 2025, oil supplies from Russia to India rose to 1.75 million bpd, up 1% year-on-year. Two major private refiners, Reliance Industries and Nayara Energy, were the main buyers of this crude. Together they bought about half of the total volume of Russian oil imported into the country.

Earlier, US President Donald Trump announced the possible imposition of restrictions against states that continue buying Russian oil. However, as experts from India note, such measures are unlikely to have a significant impact on supply volumes.

Russia is still the main supplier of oil to India, providing about 35% of this kind of shipments to the country. It is closely followed by Iraq and Saudi Arabia. The US has moved up to the fifth position in the list of suppliers, as India is actively increasing cooperation in the energy sector with American partners, preparing for a possible bilateral trade agreement.

India's total oil imports in January–June amounted to 5.2 million bpd, up 4.3% year-on-year.