US tariffs on Russian oil create uncertainty for Indian refiners

Aug 14, 2026

04:25 pm

What's the storyIndia's dependence on Russian crude oil has hit an all-time high, with imports from the country accounting for 50.83% of total imports in July or or 2.47 million barrels per day (bpd)

This is a 62.4% increase from last year, though it is slightly lower than June's record figure of 2.6 million bpd.