India’s crude oil imports from Russia surged to 2 million barrels per day in August, accounting for 38% of total imports, despite U.S. tariff announcements. Indian refiners prioritize economic considerations, with no government directives to alter Russian purchases, which now represent about 35-40% of India’s crude intake, up from less than 0.2% pre-Ukraine conflict. While the discounts on Russian oil have narrowed, refiners are exploring diversified sources for energy security without significantly replacing Russian barrels. This approach reflects a shift towards logistical risk management, reinforcing India’s energy independence while navigating geopolitical dynamics.