SaralnamaIndian refiners may reduce Russian oil imports. Reliance will adjust purchases as per government guidelines. State companies are checking shipments., Trump sanctioned Russian oil firms Rosneft and Lukoil. EU banned Russian LNG imports. UK also sanctioned these companies. State-run IOC, BPCL, and HPCL are reviewing trade documents., companies have time to end transactions with Rosneft and Lukoil. Non-compliance may lead to fines or trade restrictions. Costlier crude from alternative sources may increase fuel prices. India has been buying Russian oil since the Ukraine war in 2022. Trump claims India will stop Russian oil purchases by year-end. He imposed 25% extra tariff on India in August for buying Russian oil. (Updated 23 Oct 2025, 15:13 IST; source: link)
Key Points
- Indian refiners may reduce Russian oil imports
- Reliance will adjust purchases as per government guidelines
- State companies are checking shipments