Russia To Remain India's No 1 Crude Oil Supplier: Analysts

ETV Bharat / business

Russia To Remain India's No 1 Crude Oil Supplier: Analysts

Russia became India's top crude oil supplier, following the outbreak of the Ukraine war in 2022, overtaking traditional sources like Iraq and Saudi Arabia.

New Delhi: India's crude oil imports from Russia saw a marginal decline in September, but continued to account for over one-third of the country's total oil purchases, despite US pressure to curb the trade over concerns that it supports Moscow's war effort in Ukraine. India's crude imports in September were around 4.7 million barrels per day, up 2,20,000 bpd month-on-month and flat year-on-year.

Russian crude maintained its position as the largest single supplier, contributing about 1.6 million bpd - a 34 per cent share. However, this was roug