Tag: India oil imports

Shifting away from Russian oil imports currently won’t hurt India fiscally

January 10, 2026 admin

Due to low global prices and reduced discounts India reducing its oil imports from Russia may have limited impact in its fiscal. | Photo Credit: Reuters The prevailing low global oil prices mean that, if India chooses to shift away from importing Russian oil and switches to more oil from the U.S., the financial impact…

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India’s shift away from Russian oil imports predates Trump tariffs

November 19, 2025 admin

The reduction of Russian oil is not just in absolute terms, but also in terms of its share in India’s total oil imports. File. | Photo Credit: Reuters India is implementing a larger strategy to reduce its dependence on oil imports from Russia, with the higher tariffs imposed by the U.S. coming at a time when…

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