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IOC tops India’s Russian crude imports in Jan
The New Indian Express Mysuru
|February 07, 2026
CUTTING SUPPLIES
STATE-owned Indian refiners bought more Russian crude oil than the private companies as Reliance Industries drew a blank in January 2026. Indian Oil Corporation (IOC) emerged as the largest importer of Russian crude in January 2026, with Russia retaining its position as the country’s top crude supplier for the month.
According to commodity market analytics firm Kpler, India’s total imports of Russian crude stood at around 1.16 million barrels per day (bpd) in January 2026 with IOC importing about 598,000 barrels per day (kbd), accounting for more than half of India’s total intake from Russia.
This story is from the February 07, 2026 edition of The New Indian Express Mysuru.
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