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Russia oil: $16 bn gains for pvt refiners
The New Indian Express Shivamogga
|August 11, 2025
As Russia continues to be India's top crude supplier in 2025, private refiners such as Reliance Industries and Nayara Energy have made the most profit by importing the largest volumes.
These refiners processed discounted Russian oil into petrol, diesel, and aviation turbine fuel (ATF), exporting the products to major markets, including the EU and the US. As per some estimates, quoted in international media, Indian refiners had gained $16 billion in extra profit from importing discounted Russian oil, with $6 billion (over ₹50,000 cr) of that going to Reliance Industries.
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