India plans to increase its imports of Russian oil in September, a report states, even as the US under Donald Trump has doubled tariffs on Indian exports, citing its purchase of Russian crude.
India is set to raise its imports of Russian oil in September, if a Reuters report is to be believed. This comes even as the US administration under Donald Trump on Wednesday doubled tariffs on Indian exports to 50%, citing New Delhi’s continued reliance on Moscow’s crude.
As per the Reuters report, Indian refiners are expected to increase purchases by 10–20% from August levels, or around 150,000–300,000 barrels per day, according to preliminary trade data.
India Turns to Cheaper Russian Oil
India Holds Its Stand
India is pursuing dialogue to resolve the tariff standoff with Washington, while Prime Minister Narendra Modi continues diplomatic outreach, including a planned meeting with Russian President Vladimir Putin.
US officials have accused New Delhi of “profiteering” from discounted Russian crude. Indian authorities, however, counter that the West itself continues to buy Russian goods worth billions.
The Ministry of External Affairs added, “India’s imports are meant to ensure predictable and affordable energy costs to the Indian consumer. They are a necessity compelled by global market situation.”
Delhi has also stated that its cooperation with Russia has helped stabilise global energy markets and that India’s decisions are based on national interest, not geopolitical opportunism.
