Indian Oil Corporation (IoCL) will not procure crude oil from Rosneft and Lukoil—the two Russian oil giants who have been placed under sanctions by the US last week. Its subsidiary Chennai Petroleum Corporation (CPCL) has also reduced its exposure to Moscow’s crude cargoes.

Asked about the oil marketing company’s (OMC) Russian crude oil purchases, IoCL Chairman A S Sahney said on Monday: “We will abide by the sanctions.” He did not offer any comments on the quantum of Russian cargoes the company will procure going ahead.

This means that India’s largest diesel and petrol retailer, which operates more than 40,000 fuel stations, will not procure crude oil from the two Russian companies, at least after November 21, 2025, when the US sanctions kick-in. It’s subsidiary is also expected to foll

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