Economy
India Cuts US and Russian Oil Imports in September
The Hindu1h
THE BRIEF
1
India reduced its oil imports from the United States to zero and cut Russian crude volumes by nearly 18% in September 2026 compared to August.
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The shift followed the U.S. passage of the Russia Sanctions Act, prompting India to source more than one-fourth of its oil requirements from the UAE.
3
India's overall crude import bill reached nearly $14.3 billion in September, marking a 33% increase compared to September 2025 due to elevated oil prices.