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India cuts its lipid imports from Russia by 38% successful worth presumption and 31% successful measurement presumption successful October 2025 arsenic compared to past year, with the cuts driven by a precocious basal effect arsenic good arsenic an wide simplification successful India’s lipid imports.
The latest authoritative information from the Ministry of Commerce and Industry shows India imported $3.55 cardinal worthy of crude lipid from Russia successful October 2025, down from a historically precocious $5.8 cardinal successful October 2024. This is the sharpest single-month driblet successful the worth of lipid imports from Russia.
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In measurement terms, India imported 71.6 lakh tonnes of Russian oil, down from 103.8 lakh tonnes successful October 2024, which excessively was among the highest lipid imports India had made from Russia.
This follows up connected a 29% simplification successful worth presumption and 17% simplification successful measurement presumption successful September 2025. That said, Russia inactive accounts for astir 32% of India’s full lipid imports by worth and volume.
The information shows that this chopped successful lipid imports from Russia comes astatine a clip erstwhile India’s full lipid import measure was besides down 15.4% successful October 2025. However, it besides shows that, during this month, lipid imports from the U.S. jumped astir 40% successful measurement terms, and 18.3% successful worth presumption arsenic compared to October past year.
A erstwhile investigation by The Hindu had shown that India’s strategy to propulsion backmost connected its Russian lipid imports had been playing retired for a longer period, opening good earlier the U.S. imposed a 25% tariff punishment connected India successful August for importing Russian oil.
Over the past 12 months up to the extremity of October 2025, India had seen a year-on-year autumn successful Russian lipid imports successful 9 months. Most of these cuts were successful treble digits, and six were by much than 20% each.
Notably, connected a month-on-month basis, India’s imports from Russia person really grown. That is, lipid imports from Russia successful October 2025 were 7.3% and 7.8% higher than successful September 2025, by worth and volume, respectively.
