Several major Indian refiners have temporarily paused purchases of Russian crude oil as they reassess their sourcing strategies amid shifting geopolitical dynamics and evolving market conditions. The move reflects growing caution in response to increasing pressure from Western sanctions and potential risks associated with Russian energy imports.
Industry insiders say refiners are exploring alternative suppliers to diversify their crude oil sources while evaluating the impact on costs and supply reliability. The pause also comes amid rising global oil prices and changes in trade logistics, prompting Indian companies to carefully weigh their next steps.
This development signals a potential shift in India’s energy procurement approach, as the country balances its energy security needs with international diplomatic considerations. The decision could have wider implications for global crude oil trade flows and the ongoing realignment of energy markets in the wake of Russia’s conflict with Ukraine. 
