India’s crude oil imports decline

NEW DELHI: India’s January crude oil imports declined 1.1percent from December to about 5 million barrels per day, data obtained from industry sources showed, with Russian oil imports falling to their lowest level since November 2022, as refiners curbed purchases to help New Delhi clinch a trade deal with Washington.

India’s January Russian oil imports were down by about 23.5percent from December and around 33percent lower compared to a year earlier, the data showed.

In the first 10 months of this fiscal year ending on March 31, 2026, India’s oil imports rose 4.1percent to an average 5 million bpd, the data showed.

The table below shows India’s imports by country. The imports include condensate. Volumes are in ‘000 bpd.