Russian oil exports to India are set to rise in September, as New Delhi defies new US tariffs imposed to punish the South Asian country for the oil purchases, Reuters reported on 28 August.

Three sources involved in the oil trade with India told Reuters that Indian refiners are expected to increase Russian oil purchases by 150,000-300,000 barrels per day (bpd) in September, which is an increase of 10–20 percent from August.

Reliance and Nayara Energy, which is majority Russian-owned, are the two largest buyers of Russian oil for India.

New Delhi’s purchases of Russian crude skyrocketed after the start of the war with Ukraine in 2022. After its oil exports to Europe collapsed in the wake of the war, Russia turned to India and China, offering steep discounts.

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