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Searched Tag: india buys russian crude
State-owned Oil and Natural Gas Corporation (ONGC) CEO and chairman, Arun Kumar Singh, said the public sector company will continue to buy crude oil from Russia if the prices remained commercially viable

ONGC will continue buying Russian crude oil: Chairman

August 30, 2025, 02:20 PM - 2 min read

State-owned Oil and Natural Gas Corporation (ONGC) CEO and chairman, Arun Kumar Singh, said the public sector company will continue to buy crude oil from Russia if the prices remained commercially viable

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Trump said he may reconsider the retaliatory tariffs announced on Indian goods in “two or three weeks”, hinting at a possible reversal of his 50 per cent tariff-hike announcement against Indian imports last week

Trump claims India agreed to drop Russian oil purchases

August 16, 2025, 01:43 PM - 2 min read

US President Donald Trump dropped another bombshell before his meeting with Russian President Vladimir Putin in Alaska on Friday, when he suggested that India has agreed to stop purchasing Russian crude oil after threats by the US administration last week to impost 50 per cent tariffs on Indian imports

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In the April-June quarter, Russian oil accounted for about 22 per cent of the crude processed by IOC. The volumes are expected to remains stable in the near future

India’s Russian oil imports rose to 2 mn bpd in August

August 15, 2025, 04:09 PM - 6 min read

At least 38 per cent of an estimated 5.2 million barrels per day of crude oil imported in the first half of August came from Russia, as per data by global real-time data and analytics provider Kpler, underscoring the fact that refiners continue to prioritise economic considerations over geopolitical tensions, at least for now

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US President Donald Trump earlier this week announced he would impose an additional 25 per cent tariff on US imports from India – raising the overall duty to 50 per cent – as a penalty for the country's continued imports of Russian oil.

HPCL chief says no govt order on Russian oil

August 8, 2025, 04:05 PM - 3 min read

Vikas Kaushal said the Indian government has neither directed its oil companies to halt nor continue the purchase of Russian oil, allowing them the freedom to make procurement decisions

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