Russia remained the largest supplier of crude oil to India in September with a 33.3% share, despite the mounting US pressure on New Delhi to stop its purchases of barrels from the sanction-hit country. However, purchases from the Eurasian nation declined moderately from August levels, suggesting a slow diversification of oil sourcing by Indian refiners.
As per data provided by global real-time data and analytics provider Kpler, the country imported 1.6 million barrels per day of Russian oil last month, down 6% from 1.7 mbd in August. Post the imposition of a 50% tariff by the US, there has been a notable decline in Russian oil volumes from the peak of 2.1 million bpd purchased in June.
The country imported 4.8 million barrels of oil overall during September, up 6% from August levels.