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India SHOCKS Russia: Cuts Oil Imports by 38% in October 2025 – Biggest Drop Ever! Is the Golden Era of Cheap Russian Crude Over?
India Slashes Russian Oil Imports by 38% in October—Sharpest Drop Yet In a move that has sent shockwaves through global energy markets, India – once the biggest buyer of discounted Russian crude – slashed its oil imports from Moscow by a staggering 38% in value and 31% in volume in October 2025, official government data revealed today. This is the sharpest monthly drop ever recorded since Russia invaded Ukraine in 2022 and began flooding Asia with cheap Urals and ESPO blends. So what exactly is going on? The Numbers Don’t Lie October 2025 Russian oil imports: $2.8 billion (down from $4.5 billion in September) Volume: 1.38 million barrels per day (down 31% MoM) Russia’s share in India’s total crude basket: Slipped below 30% for the first time in over two years India’s overall crude imports also fell 14% – the biggest monthly decline in 18 months Why Did India Suddenly Pump the Brakes? Industry experts and refinery sources point to five major reasons: Discounts Vanished The famous ...