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India’s Crude Oil Imports from Russia Reach Record High in October 2026
Sentiment: NeutralHigh Priority
What Happened?
India's imports of Russian crude oil surged to EUR 6.4 billion in October 2026, marking a 10% increase from the previous month. The Jamnagar refinery became the largest importer of Russian crude.
Key points
- India's imports of Russian fossil fuels reached a record EUR 6.4 billion in October 2026.
- Crude oil accounted for 91% of India's purchases, totaling EUR 5.8 billion.
- The Jamnagar refinery's imports rose by 22% month-on-month.
- China remained the largest buyer of Russian fossil fuels, importing EUR 10.7 billion.
- Russia's fossil fuel export revenues increased by 14% month-on-month to EUR 754 million per day.
Key insights
- India's increased imports may strengthen its energy security but could also draw criticism from Western nations.
- The reliance on Russian fossil fuels indicates a shift in India's energy strategy amidst global sanctions.
- The Jamnagar refinery's position as the largest importer may influence future energy trade dynamics.
Why it matters
This increase in imports highlights India's growing reliance on Russian energy supplies amid ongoing geopolitical tensions.
Entities
India· CountryRussia· CountryJamnagar· CityCentre for Research on Energy and Clean Air· OrganizationChina· Country
Source
Times of India
