India Oil Imports

Russian oil import data 'confidential', exempt under RTI, says CIC

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 ..

Global crises reveal the limits of India's oil diversification strategy

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

US extends waiver allowing India, others to buy Russian oil till May 16

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

Refiners likely used yuan through ICICI Bank for payment of Iranian oil

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

India receives Iranian oil for first time in 7 years before US waiver ends

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 Russian oil imports more than triple to 5.3 bn euro in Mar

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 ...

Over half of Indian households faced LPG supply issues in 5 weeks: Survey

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 returns to buying Venezuelan oil to ease supply crunch amid Iran war

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

Govt says India has bought Iranian oil, rejects reports of payment issues

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

Ship carrying Iranian oil shifts course from India to China mid-voyage

A US-sanctioned tanker carrying Iranian crude oil has rerouted mid-voyage from its previously indicated destination of India - where it would have marked the first such shipment in nearly seven years - to China. The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying in China as its destination instead of Vadinar in Gujarat, which it had indicated earlier this week, according to ship-tracking firm Kpler. There is no confirmation that the destination that the ship's Automatic Identification System (AIS) transponder - a tracking system mandated on most commercial vessels - is indicating is the final and it may not change at any time during the transit. "An Iranian crude vessel 'Ping Shun' that had been en route to Vadinar, India, over the past three days has dropped India as its declared destination near arrival and is now signalling China," said Sumit Ritolia, Lead Research Analyst, Refining and Modelling at commodity market analytic .

'No money to buy cylinder': Migrant workers leave metros amid LPG shortage

As an LPG shortage linked to the West Asia conflict disrupts cooking gas supply in Indian cities, many migrant workers are leaving metros and returning to their hometowns

West Asia war: Trump vows to hit Iran; Tehran appeals to American citizens

Tensions remain high in West Asia as Donald Trump threatens stronger attacks on Iran if talks fail. Here are the top updates at 10 am (IST)

Venezuelan crude exports surge to 6-year high as India fills China gap

Indian refiners, including Reliance Industries Ltd, Hindustan Petroleum Corp and Indian Oil Corp have purchased a combined 343,000 barrels a day for loading in March

West Asia war: Trump says conflict may end in 2-3 weeks; Brent at $104

President Donald Trump said the West Asia conflict could end in two to three weeks, while Iran signalled it is open to ending hostilities if it receives firm guarantees against future strikes

India bulks up Russia oil imports; Gulf flows ebb as tensions rise

Furthermore, Angola has emerged as one of the biggest crude oil suppliers to India amid attempts to source from West Asian alternatives

India's first Iranian oil cargo since 2019 headed to Gujarat coast

India's first Iranian crude oil cargo since 2019 may be headed towards a port in Gujarat, according to ship tracking data. Indian refiners have been looking to purchase a few cargoes of Iranian oil on water following the recent sanctions waiver by Washington. "The Indo-Iranian oil trade has flickered back to life. Following the US administration's decision to grant a 30-day window for Iranian oil "on the water" due to regional conflict, the vessel Ping Shun is now en route to Vadinar (in Gujarat) with 600,000 barrels of crude. This is the first such delivery since May 2019 and comes at a critical time for Indian refiners facing tightening inventories," said Sumit Ritolia, Lead Research Analyst, Refining and Modelling at commodity market analytic firm Kpler. While the identity of the buyer is unknown, Vadinar is home for 20 million tonnes a year oil refinery of Russian oil giant Rosneft-backed Naraya Energy. It also is the landing point for crude oil that goes to hinterland refinerie

West Asia war updates: Iran moves to charge Hormuz transit; Brent at $111

Iran has approved a plan to impose tolls on ships passing through the Strait of Hormuz amid the ongoing West Asia war, raising concerns over global oil supply as Brent crude trades near $111 a barrel

Over 4 in 10 households face LPG delays; black market sales rise: Survey

A new LocalCircles survey found that 43% of household consumers reported experiencing LPG delays in the last week, indicating that nearly half of the respondents struggled to get timely deliveries

West Asia war: Trump says US could 'take the oil' in Iran; Brent at $115

Donald Trump says Iran will allow 20 oil ships through the Strait of Hormuz, while Brent crude has surged to about $115 a barrel. Here are the top updates at 9 am (IST)

Indian refiners buy 60 mn barrels of Russian oil for April amid Iran war

The cargoes were booked at premiums of $5 to $15 a barrel to Brent