India Cuts Back on Russian Oil Imports as Daily Deliveries Drop to 1.3 Million Barrels.

India's Reduction in Russian Oil Purchases

According to UATV: India is planning to reduce its imports of Russian crude oil, with deliveries from Russia having fallen to 1.3 million barrels per day. This move is part of a broader strategy to diversify the nation's oil suppliers. India's Oil Minister, Hardeep Puri, noted that the average supply level for 2025 was 1.8 million barrels per day.

Supplier Diversification Efforts

India now purchases oil from 41 different countries, demonstrating an active search for new supply sources. Furthermore, oil buyers are demanding discounts from Russia exceeding 25% of the Brent crude benchmark price. This reflects shifting market dynamics and the impact of geopolitics on supplier pricing strategies.

The reduction in Russian oil supplies and active diversification represent crucial steps for India amid global energy market volatility. These actions highlight India's aim to lessen reliance on any single supplier, which is a common energy security goal for major economies. By broadening its sources of oil, India seeks to secure more stable pricing and reliable supply for its growing economy in the years ahead.