Key facts
- India has increased its crude oil imports from the Middle East to 3 million barrels daily in September.
- India's purchases of Russian crude oil have decreased to an average of 1.75 million barrels daily in September.
- Russia remains the largest single supplier of crude oil to India.
- India's total crude oil imports in September were 5.3 million barrels daily.
- India is not planning to completely suspend Russian oil imports despite potential U.S. tariffs.
India has ramped up its crude oil imports from the Middle East while reducing purchases of Russian crude, according to data from Kpler. Middle Eastern producers supplied an average of 3 million barrels daily in September, a level not seen since before the war in Ukraine. Meanwhile, purchases of Russian crude oil averaged 1.75 million barrels daily, a decrease from August's 2.1 million barrels daily. Despite this decline, Russia remains India's largest single supplier, accounting for nearly half of its total crude purchases in recent months. India's total crude oil imports reached 5.3 million barrels daily in September, an increase of 600,000 barrels daily from August and 700,000 barrels daily from a year earlier. The country is not planning to completely suspend Russian oil imports, even with the U.S. threat of 100% tariffs on goods exported to the United States, which could impact bilateral trade relations.