Page 4 - India Oil Imports

Trump hints US could hold back secondary tariffs on India over Russian oil

US President Donald Trump said the US may not add extra tariffs on India for buying Russian oil, leaving room for change of plans after India faced 50 per cent tariffs

Trump delays tariffs on China over Russian oil, says 'may revisit in weeks'

This pause in tariffs could offer India a short-term relief on crude prices and import costs despite higher duties

SBI halts Nayara's overseas transactions over Russia sanctions risk

State Bank of India (SBI) stops Nayara Energy's overseas transactions to avoid possible US and EU sanctions linked to Russian ownership, as banks grow cautious

We should impose 50% levy on US goods: Shashi Tharoor on Trump tariffs

Shashi Tharoor's remarks were in response to the additional 25 per cent tariffs imposed by US President Donald Trump on account of India's oil imports from Russia

Reliance flags crude supply risks amid US tariff blow on Indian exports

Reliance warns of refining margin pressure as US doubles tariffs on Indian goods to 50 per cent over Russian oil imports; 25 per cent came into effect on Thursday, second 25 per cent begins August 27

Ready to pay heavy price for our farmers, fishermen: Modi on Trump tariffs

This is PM Modi's first response after Trump doubled India's tariff to 50 per cent over Russian oil imports, with the PM stressing India's agri-sector will not be compromised

India refiners wait for govt order on Russian oil purchases: Report

US President Donald Trump has criticised India's Russian oil purchases, arguing they help fund Moscow's war in Ukraine

Don't know anything about it: Trump on US importing Russian chemicals

Trump's statement comes after India said that the US continues to import uranium hexafluoride from Russia for its nuclear industry, fertilisers, as well as chemicals

Trump says he never fixed a percentage for tariffs on Russian oil buyers

Trump's change in stance comes hours after he suggested imposing increased tariffs on additional countries buying energy from Russia, including China

Russia oil import: India's August pipeline strong despite US, EU heat

Private-sector refiners account for around half the imports in Aug

Substantial tariff hike on India in 24 hours: US President Donald Trump

Cites New Delhi's Russian oil purchase; Kremlin slams US threats

Why isn't Trump pressuring China as hard: Expert on India tariff threat

The Global Trade Research Initiative (GTRI) stated that China-not India-is the largest purchaser of Russian oil. In 2024, China imported $62.6 billion worth, compared to India's $52.7 billion

'EU, US import Russian goods but target us': India defends oil purchase

India slams Trump's tariff threat, defends Russian oil imports as essential, and calls out US, EU 'hypocrisy' for trading with Russia while unfairly targeting New Delhi

India's IOC buys 7 mn barrels US, Abu Dhabi crude amid Russian oil decline

India's top refiner IOC buys 7 million barrels of crude from US, Canada and Abu Dhabi via tender, as Russian oil imports pause due to narrowing discounts and rising sanctions

Nayara Energy's pump supplies steady amid EU, US sanctions trouble

Only casualty for now is the export of fuels by the refiner

India to keep buying Russian oil despite Trump's penalty threat: Report

Despite Donald Trump's warning of a penalty, Indian officials say the government had "not given any direction to oil companies" to cut back imports from Russia

'A good step': Trump welcomes reports of India halting Russian oil imports

Amid tariff threats and narrowing price gaps, India's oil firms have paused Russian crude orders; MEA says no official directive

India's Russia oil imports slump, US crude purchases rise in July

Import from Russia in July was around 1.5 million barrels per day (bpd), the lowest this year after February, compared to 1.95-2.1 million bpd in June

Trump slaps 25% tariff on Indian goods: Smartphones, pharma, shrimp hit

The tariff kicks in August 1 and threatens key Indian exports like smartphones, pharma and shrimp ahead of trade talks set for August 25 in New Delhi

India's oil imports from Russia hit 11-month high in June amid war fears

India's import of crude oil from Russia rose to an 11-month high in June as refiners topped up tanks amid the Israel-Iran war, analysts said. India imported 2.08 million barrels per day (bpd) of Russian crude in June, the highest since July 2024, according to vessel tracking data from global commodity market analytics firm Kpler. "While India's global imports of crude oil dropped by 6 per cent in June, Russian volumes saw an 8 per cent month-on-month rise to their highest levels since July 2024," European think tank Centre for Research on Energy and Clean Air said. "More than half of these imports from Russia were made by three refineries in India, which also export refined products to G7+ countries." India imports more than 85 per cent of its requirement of crude oil, which is turned into fuels like petrol and diesel in refineries. Traditionally, the Middle East was the main source, but Russia has been the mainstay supplier for nearly three years now. After much of the West shunn