Russian oil s share in India s crude imports dropped to 25% in Jan from 31% in Dec due to narrower price discounts, US sanctions impacting shippers, and increased freight costs due to Red Sea attacks. India imported 1.2 mbd of Russian crude in Jan, the same as China s import. Indian state refiners reduced imports by 21% while private sector refiners increased imports by 10%.
India s Oil Imports From Russia Hit 12-Month Low In January As Sanctions Bite – Indian Defence Research Wing
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India s oil imports from Russia hit 12-month low in Jan as sanctions bite | Hellenic Shipping News Worldwide
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