India’s imports of Russian crude oil surged to a record level in June as disruptions linked to the Strait of Hormuz created uncertainty in global energy supply chains, prompting refiners to secure alternative sources.
Russian crude continued to play a major role in India’s energy strategy, with competitive pricing and reliable supply making it a preferred option for Indian refiners. The increase comes as geopolitical tensions and shipping challenges in key oil transit routes raise concerns over global oil availability.
Industry observers said the shift highlights India’s efforts to maintain energy security and manage supply risks by diversifying sourcing options. Higher Russian oil inflows also reflect changing trade patterns in the global crude market.
With ongoing volatility in international energy markets, India is expected to closely monitor supply routes and continue balancing cost considerations with long-term energy security needs.
