PM  Narendra Modi and US President Donald Trump (File photo)
India
M
Moneycontrol03-01-2026, 08:33

India Demands Weekly Russian Oil Data from Refiners Amid US Trade Deal Push

  • India asks refiners for weekly disclosures of Russian and US oil purchases.
  • The move aims to provide timely, accurate data to Washington for a potential trade deal.
  • India became the biggest buyer of discounted Russian oil post-Ukraine war, leading to increased US tariffs on Indian goods.
  • Russian crude imports are expected to dip below 1 million bpd, despite no explicit order to cut purchases.
  • This marks the first time the Indian government has sought weekly import data from refiners.

Why It Matters: India tracks Russian oil imports weekly to bolster US trade deal negotiations and provide accurate data.

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