Due to growing instability in West Asia, India has sharply increased oil imports from Russia and the U.S. in June 2025. This comes after U.S. airstrikes on Iranian nuclear sites, which disrupted oil supply routes from the Gulf region.
Reason for the Shift in Oil Imports
India increased Russian oil purchases in June, surpassing the combined volume from West Asian countries like Saudi Arabia, Iraq, and Kuwait.
The change was triggered by geopolitical tensions, especially the U.S.-Israel attack on Iranian nuclear facilities on June 13.
Indian refiners are expected to import 2.2 million barrels per day (bpd) from Russia in June.
India’s Oil Import Patterns
India is the third-largest oil importer and consumer globally.
It imports about 5.1 million barrels of crude oil daily, which is refined into petrol, diesel, etc.
Russian oil’s share in India’s imports has grown from less than 1% to around 40-44% post the Ukraine war.
Imports from the United States
Oil imports from the U.S. also rose to around 380,000 bpd, a 28% increase from May.
This diversification is part of India’s plan to reduce dependency on volatile West Asian suppliers.
Refiner Strategy and Backup Plans
Indian refiners prefer Russian oil for its lower prices and easier payment terms.
They are also open to sourcing oil from West Africa, Latin America, and even the U.S., despite higher transportation costs.
This provides backup options in case of further disruptions in the Gulf.
Conclusion
India’s oil import strategy reflects its adaptability in a volatile geopolitical environment, balancing affordability, supply security, and diversification.
