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INDIAN STATE REFINERS PAUSE RUSSIAN OIL PURCHASES
Hindustan Times Delhi
|August 01, 2025
Indian state refiners have stopped buying Russian oil in the past week as discounts narrowed this month and US President Donald Trump warned countries not to purchase oil from Moscow, industry sources said.
India, the world’s third-largest oil importer, is the biggest buyer of seaborne Russian crude, a vital revenue earner for Russia as it wages war in Ukraine for a fourth year.
The country’s state refiners - Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - have not sought Russian crude in the past week or so, four sources familiar with the refiners’ purchase plans told Reuters.
This story is from the August 01, 2025 edition of Hindustan Times Delhi.
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