The government ordered the refiners to prepare for a total ban on the import of Russian oil
According to the agency's interlocutors, the refinery management was ordered to develop preliminary calculations, where and how they could buy oil to replace Russian deliveries – currently oil imported by India in a third of the third comes from Russia.
The government in New Delhi has not yet decided how to react to the statements of Donald Trump, which threatened the 25 % duties on all goods from August 1 this year. and additional “penalties” for cooperation with Russia.
Trump ultimatum for Vladimir Putin [i Wołodymyra Zełenskiego w sprawie wynegocjowania rozejmu] It expires on August 8, which was confirmed on Thursday by the deputy permanent US representative at the UN John Kelly. Until then Russia must end the war in Ukraine – otherwise the countries buying energy resources from the Kremlin will be charged to 100 % duties.what Trump himself threatened before.
On Thursday, on the Social Portal, TruthSocial Trump said that he was “not interested in” relations between Russia and India. “Let their dying economies fall together, I don't care,” wrote the American president. “We have very little interests with India, their duties are too high, one of the highest in the world.”
State oil refineries in India have already suspended the purchases of Russian oil, which was previously informed by the sources of the Reuters agency: the reception of Baryłek from Russia was refused by, among others, Indian Oil Corp, i.e. the largest oil company in the country, managing 10 of 20 Indian refinery with a total power of 60 million tons.
In addition, as the sources informed, the import of Hindustan Petroleum, Bharat Petroleum and Mangalore Refinery Petrochemical suspended. According to Reuters interlocutors Indian refineries are now looking for a replacement for Russian oil on the market and began to buy oil from OPEC countries from the Middle East and West Africa.
No more attractive discounts
Since the beginning of the war, oil delivery from Russia to India has increased over 30 times, among others thanks to discounts, which initially reached $ 14-16. (about PLN 50-60) for a barrel, and in recent months have dropped to $ 2.5-4. (about PLN 10-15). In the first half of 2025, Indian refineries bought 1.75 million barrels a day from Russia, satisfying more than a third of their demand for the import of raw material.
In June, deliveries achieved 2 million barrels a day, i.e. more than half of the whole oil, which tankers export from Russian ports. According to the estimates of the Crea agency, from the moment the EU introduced the Embarg for oil, India paid Russia 100 billion euros (over PLN 374 billion) for the deliveries of “black gold”, second only China, which imported from Putin a raw material worth EUR 125 billion (PLN 468 billion).
