India’s demand for Russian oil driven by supply shocks, not discounts: Report

IANS | September 22, 2026 10:04 AM

New Delhi, Sep 22 (IANS) India’s increased Russian crude imports are being driven by West Asia supply disruptions rather than discounts, with imports averaging 60 million barrels per month, since the start of the US-Iran war, compared to 46 million barrels a month during FY23-26, a report showed on Tuesday.