India Increases Oil Imports from Russia and Africa Amid Middle East Crisis

Apr 26, 2026

58 min

Apr 26, 2026 12:30

India turns to Russia, Africa as Middle East oil supply tightens

## India Diversifies Oil Sources

India, the world's third-largest oil importer, is increasing its oil purchases from Russia and Africa due to disruptions in Middle Eastern supplies. The crisis in the Middle East, particularly the conflict involving the United States and Iran, has significantly reduced oil flow through the Strait of Hormuz, a crucial passage for India's oil imports.

## Russian Oil Imports Surge

In March, India imported nearly 1.98 million barrels per day (bpd) of Russian oil, a substantial increase from earlier months. This surge was facilitated by a temporary U.S. waiver on Russian oil, allowing India to secure additional supplies.

## African and Other Alternatives

India has also turned to African nations like Angola and Nigeria, increasing imports significantly. Additionally, oil shipments from Iran and Venezuela have resumed, providing further alternatives to Middle Eastern oil.

## Challenges and Economic Impact

Despite these efforts, India's overall crude imports dropped in March. The country faces challenges due to higher oil prices, with recent purchases costing $5 to $15 above the Brent benchmark. While the government has cut fuel taxes to mitigate the impact, analysts warn of potential price hikes after upcoming state elections.

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