Indian refiners purchased a record $5.14 billion worth of Russian crude oil in June 2026, marking a significant escalation in the country’s reliance on Moscow for energy security.
The surge in import value reflects both higher volumes and sustained pricing, reinforcing Russia’s position as India’s largest crude supplier amid ongoing global supply chain disruptions.
India’s imports of Russian crude reached an all-time high in June, surging 34% from the previous month.
The data, reported by Hindu Businessline, highlights a strategic shift in New Delhi’s procurement strategy.
With tensions in the Strait of Hormuz continuing to pose risks to traditional Middle Eastern supply routes, Indian buyers have increasingly turned to Russian barrels to diversify their sources.
This move not only secures supply but also leverages the discount often available on Russian crude, providing a cost advantage to domestic refiners.
India’s imports of Russian crude reached an all-time high in June, surging 34% from the previous month.