June Sees 2.2 Million Barrels Per Day As Russia Offers Heavy Discounts
India has dramatically increased its imports of Russian crude oil, reaching 2 to 2.2 million barrels per day (bpd) in June 2025, marking the highest level of Russian oil imports in two years. The surge comes amid continued Western sanctions on Russia, and increasing instability in West Asia, making Moscow an even more attractive energy partner for New Delhi.
According to industry trackers and shipping data, India has now become one of the largest buyers of discounted Russian crude, overtaking combined oil imports from traditional Gulf suppliers like Saudi Arabia, Iraq, and the UAE. This shift in energy sourcing reflects both economic pragmatism and strategic realignment, especially as oil prices remain volatile due to ongoing conflicts involving Iran and Israel.
Why India Is Buying More Russian Oil Than Middle East Amid Global Crisis
The key reason for the spike in Russian oil imports lies in the massive per-barrel discounts being offered by Moscow. With global benchmark prices fluctuating, Russian Urals, Sokol, and ESPO crude are reportedly trading at $12–15 per barrel cheaper than comparable Middle Eastern grades. This gives Indian refiners a significant cost advantage and boosts refinery profit margins, particularly for export-focused hubs like Jamnagar, Paradip, and Vizag.
The situation in West Asia has also played a major role. Escalating conflict between Iran and Israel, coupled with uncertainty around Red Sea shipping lanes, has disrupted traditional supply chains and raised security premiums on Gulf oil. In contrast, Russian oil is flowing steadily via long-distance shipments, including ship-to-ship transfers and alternate logistical routes that skirt sanctions.
India has long walked a delicate line between Western partners and strategic suppliers like Russia, and this latest surge in imports showcases its ability to prioritize energy security over geopolitical pressure. With domestic demand rising and inflation risks looming, India is keen to secure affordable, reliable crude sources—even if they come with diplomatic balancing.
Experts suggest that as long as the discount holds and international scrutiny doesn’t intensify, India will continue to import Russian oil in large volumes. The move not only buffers India’s energy needs but also reinforces its role as a global refinery hub, re-exporting refined products to markets in Europe, Africa, and Southeast Asia.
