India’s Russian fossil fuel imports hit record €6.4 billion in October: CREA
Crude oil made up 91% of the total as purchases from India’s three biggest refineries rose, CREA said.
- India's imports of Russian fossil fuels reached a record €6.4 billion in October, driven by crude oil purchases accounting for 91% of the total, according to the Centre for Research on Energy and Clean Air .
- Higher global oil prices linked to the energy crisis around the Strait of Hormuz boosted Russia's earnings, while imports surged at India's three largest refineries: Vadinar, Jamnagar, and Paradip, rising 12%, 22%, and 28% respectively.
- Reliance Industries Ltd's Jamnagar refinery became the largest importer of seaborne Russian crude in October. CREA reported that 60% of Russia's seaborne oil was transported by sanctioned "shadow" tankers, enabling Moscow to maintain export flows.
- Refineries in India, Turkiye, and Brunei exported €1.6 billion in oil products to sanctioning countries, including the European Union and Australia. Ten of 12 shipments reaching EU ports originated from Jamnagar.
- Russia's fossil fuel export revenues surged to their highest monthly level since December 2022, rising 14% to €754 million daily. China remained the largest buyer globally, importing €10.7 billion in October, while India ranks second among Asian markets.
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India’s Russian fossil fuel imports at record high of €6.4 billion in October amid elevated prices
The rise in revenues for Russia outpaced the growth in its hydrocarbon export volumes, primarily due to elevated energy prices due to geopolitical conflicts — the West Asia war and the Russia-Ukraine war.
India’s imports of Russian energy resources reached 6.4 bln euros in October, their highest level since 2022, PTI news agency reported, citing an analysis of data from the Center for Research on Energy and Clean Air (CREA), a..
In October 2026, India became the second-largest buyer of Russian fossil fuels, importing Russian hydrocarbons worth a total of 6.4 bln euros, the highest monthly figure since January 2022. Crude oil accounted for 91% of India’s purchases (5.8 bln...
India's Russian oil imports touch record EUR 6.4 billion in October
New Delhi: India’s purchases of Russian fossil fuels surged to a record Euro 6.4 billion in October, driven by a sharp increase in crude oil imports, helping Moscow push its fossil fuel export revenues to their highest monthly level since December 2022 despite Western sanctions. “India was the second-largest buyer of Russian fossil fuels in … Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top Stori…
India’s Russian fossil fuel imports hit record €6.4 billion in October: CREA
India was the worlds second-largest buyer of Russian fossil fuels in October, with purchases hitting a record €6.4 billion, according to CREA, as crude oil imports rose across major Indian refineries. Higher global oil prices also lifted Russias overall fossil-fuel export revenues to their highest monthly level since December 2022, despite Western sanctions and price caps.
India’s crude oil imports from Russia hit record high in October; Jamnagar refinery biggest importer
China and India, Russia's two biggest fossil fuel customers, both recorded their highest monthly purchases since January 2022. The figures underline Moscow's continued reliance on Asian markets, even as Western governments step up restrictions on its energy trade. India was the second-largest buyer of Russian fossil fuels in October 2026.
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