India Oil Imports

In April and May, Indian refiners raised imports from Venezuela, Brazil, Angola and Nigeria to make up the shortfall, as well as continuing to buy Russian oil

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India's edible oil demand continues to rise on the back of population growth and improving incomes, making import dependence difficult to curb unless domestic oilseed production rises sharply

The deliberations come as the government steps up efforts to curb foreign-exchange outflows, which have put pressure on the rupee - Asia's worst-performing currency this year

In May, flows are expected to come in at close to 1.9 million barrels a day, close to peak levels - though that still includes a period under the US permit that was allowed to expire over the weekend

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India's vegetable oil imports rose 13 per cent to 7.94 million tonnes in the first six months of the 2025-26 oil year, driven by a sharp surge in palm oil shipments, industry body the Solvent Extractors Association of India (SEA) said on Wednesday. The world's largest cooking oil consumer imported 7.04 million tonnes in the same period a year earlier. India's oil year runs from November to October. In value terms, imports for the November-April period climbed 19 per cent to Rs 87,000 crore up from Rs 73,000 crore a year-ago. Of the total imports, edible oils accounted for 7.82 million tonnes and non-edible oils for 121,000 tonnes, SEA said in a statement. Palm oil imports nearly doubled to 3.97 million tonnes from 2.74 million tonnes a year earlier, while soft oil shipments, which include soybean and sunflower oils, fell to 3.85 million tonnes from 4.13 million tonnes. Indonesia and Malaysia are the primary suppliers of palm oil to India. Argentina is the largest supplier of soy

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Data on oil imports from Russia to India cannot be provided as it is exempted under the RTI Act due to its "commercial and confidential" nature, according to the Petroleum Planning and Analysis Cell (PPAC) under the Oil Ministry, with the Central Information Commission too backing it, citing strategic and economic interests of the country. The case relates to an RTI plea seeking details of crude oil imported from Russia to India between June 2022 and June 2025, including a company-wise breakup for firms such as IOCL, BPCL, HPCL, ONGC Videsh, Reliance Industries and Nayara Energy. The Central Public Information Officer (CPIO) had denied the information, stating: "The information pertaining to country-wise and company-wise details of crude oil import is of commercial and confidential nature and is exempted from disclosure under section 8(1) (d&e) of the RTI Act 2005. However, the total quantity and value of crude oil import (both current and historical) can be downloaded from the ..

The Iran-US-Israel conflict effectively shuttered the Strait of Hormuz, the artery of India's oil trade

The waiver comes despite earlier US reluctance, as war-linked supply disruptions and Strait of Hormuz curbs push oil prices higher and test Western efforts to restrict Russia's revenues

Last month, Washington unveiled ​30-day waivers on US sanctions for the purchase of Russian and Iranian oil at sea in ‌an attempt to ease prices that were driven up by the US-Israeli war on Iran

Import-dependent, price-sensitive India has been acutely impacted by the upheaval in global energy flows since US and Israeli strikes on Iran began at the end of February

India's crude oil purchases from Russia more than tripled to 5.3 billion euro in March as volumes doubled and a surge in oil prices pushed up the import bill. European think tank Centre for Research on Energy and Clean Air (CREA), in a report, said after a drop in purchases in February, India was back to a buying binge in March. "India was the second-highest buyer of Russian fossil fuels in March 2026, importing a total of EUR 5.8 billion of Russian hydrocarbons. Crude oil products constituted 91 per cent of India's purchases, totalling EUR 5.3 billion," it said. Coal (EUR 337 million) and oil products (EUR 178.5 million) constituted the remainder of their monthly imports. In February, India was the third largest importer, purchasing Russian hydrocarbons worth 1.8 billion euro. Crude oil constituted the largest share at 81 per cent (EUR 1.4 billion), followed by coal (EUR 223 million) and oil products (EUR 121 million). "While India's total crude imports recorded a 4 per cent ...

A LocalCircles survey found that 37 per cent of respondents faced delays in delivery, while 25 per cent said they struggled to book a cylinder

India is set to import the most oil from Venezuela in almost six years as over 12 million barrels head to its west coast, reflecting a strategic shift amid West Asia supply disruptions

Amid vessel-diversion rumours, the petroleum ministry also said that Indian refiners have secured crude and LPG imports, including from Iran