Saralnama140 billion dollars worth of discounted Russian oil has been bought by India since 2022. Reliance Industries announced it will adjust Russian oil purchases according to government guidelines. State-owned refiners are checking shipments to avoid direct supply from Rosneft or Lukoil after. The Indian government has privately asked companies to start reducing Russian oil imports. This comes after US President Trump imposed sanctions on Russian oil companies. Trump claims PM Modi assured him India will stop buying Russian crude by year-end. Reduced Russian oil imports may lead to higher petrol and diesel prices in India. (Updated 24 Oct 2025, 02:23 IST; source: link)
Key Points
- 140 billion dollars worth of discounted Russian oil has been bought by India since 2022
- Reliance Industries announced it will adjust Russian oil purchases according to government guidelines
- State-owned refiners are checking shipments to avoid direct supply from Rosneft or Lukoil after 21 Nov 2025