India recorded a decline in crude oil imports in April as lower purchases of Russian crude by major refiners Reliance Industries Limited and Nayara Energy weighed on overall import volumes, according to a report by the Centre for Research on Energy and Clean Air (CREA).
The report noted that Russian crude shipments to India eased during the month after refiners adjusted procurement strategies amid changing market conditions, pricing trends and logistical considerations. The reduction contributed to a broader decline in India’s total crude import volumes compared with previous months.
Russia has remained one of India’s largest crude suppliers since 2022, supported by discounted pricing and strong demand from private refiners. However, fluctuations in freight costs, refining margins and global oil market dynamics have continued to influence purchasing patterns among Indian buyers.
Energy market analysts said refiners are increasingly diversifying sourcing strategies by balancing imports from Russia, the Middle East, Africa and other suppliers to optimize costs and supply security. Variations in refinery maintenance schedules and domestic fuel demand also played a role in shaping April import trends.
Despite the temporary decline, industry observers expect India to continue importing significant volumes of Russian crude as refiners seek competitively priced supplies to support fuel production and export operations.