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India Unfazed by Pressure, Maintains Russian Oil Imports
2 Aug
Summary
- India continues sourcing oil from Russia
- State-owned refiners negotiate new energy deals with Russia
- No decision to halt Russian oil imports despite global oil price changes
According to the news report, as of August 2, 2025, India has maintained its stance of continuing to source oil from Russia. The country's state-owned oil refining companies, such as Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL), and Hindustan Petroleum Corp Ltd (HPCL), are currently negotiating new energy resource purchases from Russia.
Despite some recent declines in Russian oil supplies due to cheaper global oil prices and narrowing discounts, India has not made any decision to halt its imports from Russia. One source stated, "There is no decision as to go slow or stop Russian oil." The deals being negotiated now are for deliveries to be made in September, indicating that India's reliance on Russian oil is ongoing.
This news comes amidst the broader global context of shifting energy dynamics and geopolitical tensions. However, India appears to be steadfast in its decision to continue its energy partnership with Russia, prioritizing its own energy security and economic interests over external pressures or changing market conditions.
