India cuts its oil imports from Russia by 38% in value terms and 31% in volume terms in October 2025 as compared to last year, with the cuts driven by a high base effect as well as an overall reduction in India’s oil imports.

The latest official data from the Ministry of Commerce and Industry shows India imported $3.55 billion worth of crude oil from Russia in October 2025, down from a historically high $5.8 billion in October 2024. This is the sharpest single-month drop in the value of oil imports from Russia.

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In volume terms, India imported 71.6 lakh tonnes of Russian oil, down from 103.8 lakh tonnes in October 2024, which too was among the highest oil imports India had made from Russia.

This follows up on a 29% red

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