Economy
Russia, US, and UAE Account for Over Two-Thirds of India Oil Imports
The Hindu1h
THE BRIEF
1
India sourced more than two-thirds of its August oil imports from Russia, the US, and the UAE, marking an all-time high share due to rising supply concentration.
2
Russia's share in India's oil imports fell to 44 percent in August 2026 from a historic high of 51 percent in July.
3
Imports of oil from both the US and the UAE surged in August, with American oil purchased at a substantial premium compared to average import prices.