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Indian Fuel Exports to the West Surge 43 Percent Using Russian Crude
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Moneycontrol•18-10-2026, 13:17
Indian Fuel Exports to the West Surge 43 Percent Using Russian Crude
- •Indian refiners and two other countries running on Russian crude shipped 1 billion euros of oil products to sanctioning nations in September, marking a 43 percent increase from August according to CREA.
- •Reliance Industries Ltd's Jamnagar refinery supplied six out of seven cargoes unloaded at EU ports in September despite the European Union ban on fuel derived from Russian crude.
- •The European Union imported 667 million euros worth of these products, followed by Australia at 168 million euros, the United States at 154 million euros, and New Zealand at 19 million euros.
- •India remained Russia's second-largest fossil fuel customer in September by spending 4.1 billion euros on Russian hydrocarbons, with crude oil making up 88 percent of these total purchases.
- •Despite falling Indian imports of Russian crude in September due to tighter supply and competition from China, Nayara Energy's Vadinar refinery surpassed Jamnagar as India's top importer of Russian crude.
Key Questions Answered
Refineries in India and two other countries running on Russian crude shipped 1 billion euros worth of oil products to sanctioning countries in September, representing a 43 per cent increase compared to August according to the Centre for Research on Energy and Clean Air.
Reliance Industries Ltd's Jamnagar refinery in Gujarat supplied six of the seven cargoes unloaded at EU ports in September, despite the bloc's ban on fuel made from Russian crude.
The EU banned imports of oil products refined from Russian crude in January 2026, though the exemption for net crude exporters leaves a gap since it does not prevent a country from refining Russian-origin crude.
