India Dismisses Claims of Halting Russian Crude Imports, Reaffirms Market-Driven Energy Policy

ndian government sources have rejected claims that state-run oil firms have stopped purchasing Russian crude, clarifying that energy decisions are guided by market dynamics and national interest. This comes a day after reports suggested a pause in imports due to U.S. pressure and tightening price spreads.

"India’s position is clear—our oil sourcing is based on economic and strategic considerations," said an official source. "There are no reports of Indian oil companies halting Russian crude imports."

U.S. President Donald Trump, responding to the reports, called the move a “good step,” though he admitted uncertainty, saying, “I heard India is no longer buying oil from Russia. We’ll see what happens.”

India remains the largest buyer of seaborne Russian crude. A Reuters report noted that firms like Indian Oil Corp, HPCL, BPCL, and MRPL had not placed orders for Russian crude in the past week amid fears of potential U.S. tariffs and narrowing price discounts.

Government officials emphasized Russia's vital role in the global oil supply—producing about 9.5 million barrels per day—and India’s strategic response to volatile markets. India, which imports 85% of its crude, has diversified sourcing to ensure affordability while adhering to global norms.

The Ministry of External Affairs underscored the strength of India’s longstanding ties with both Russia and the U.S. “India and Russia share a steady, time-tested partnership,” said spokesperson Randeep Jaiswal, adding that relations with the U.S. remain on a forward path despite current geopolitical complexities.