India's Russian oil imports hit record 6.4 billion euro in October, crude accounts for 91%
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- ✓India’s imports of Russian fossil fuels surged to a record EUR 6.4 billion in October, with crude oil accounting for 91 per cent of the purchases.
- ✓India got the second spot behind China.
- ✓Imports rose at major refineries like Jamnagar, which became the biggest importer of seaborne Russian crude oil.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Telegraph
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
China remained the largest global buyer of Russian fossil fuels, accounting for 51% of Russia's export revenues from the top five importers
India's imports of Russian fossil fuels surged to a record EUR 6.4 billion in October, with crude oil accounting for 91 per cent of the purchases, according to a monthly analysis by the Centre for Research on Energy and Clean Air (CREA).
India was the second-largest buyer of Russian fossil fuels during the month, behind China, as its crude oil imports rose 10 per cent month-on-month to EUR 5.8 billion. Coal imports stood at EUR 333 million, while oil products accounted for EUR 232 million.
"India was the second-largest buyer of Russian fossil fuels in October 2026, importing a total of EUR 6.4 billion of Russian hydrocarbons, its highest monthly total in data going back to January 2022. Crude oil constituted 91 per cent of India's purchases, totalling EUR 5.8 billion. Coal (EUR 333 million) and oil products (EUR 232 million) constituted the remainder of its monthly Russian imports," according to CREA.
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