India's Russian oil imports rose significantly in May, with refiners increasing purchases by 36% at Gujarat's Vadinar refinery and 14% at Jamnagar's refining complex.
India increased Russian crude imports 21% MoM in May (€4.8B), maintaining world's #2 importer rank. Persistent demand for discounted energy amid sanctions signals supply-chain shifts affecting cloud infrastructure costs and outsourcing economics.
India's Russian fossil fuel imports rose in May
Jun 14, 2026
11:10 am
What's the storyIndia has retained its position as the world's second-largest importer of Russian fossil fuels, according to a report by European think tank Centre for Research on Energy and Clean Air (CREA).
In May, India imported an estimated €5.8 billion ($6.7 billion) worth of Russian hydrocarbons.
India continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally,…
India remained the world's second-largest buyer of Russian fossil fuels in May, importing Russian hydrocarbons worth an estimated…
Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri noted that there has been no ban on buying Russian oil
Russian imports drop 19.4 per cent month-on-month after record March volumes; Urals price rises to $112.3 per barrel
India's oil imports from Russia surged to 38% in April 2026, with a 425% increase in premiums amid rising prices.
Delhi is world’s second largest purchaser of Russian crude, which is now cheaper than oil from Middle East
