India sourced more than two-thirds of its August oil imports from just three countries

By The Hindu Staff

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India sourced more than two-thirds of its August oil imports from just three countries — Photo credit: The Hindu

India’s oil imports from both the U.S. and the UAE surged in August, with the American oil coming at a substantial premium compared to the average price India paid for oil imports. File | Photo Credit: Getty Images/iStockphoto

In a sign of increasing concentration of India’s oil supplies and its limited options to source from, latest data shows that more than two-thirds of the country’s oil imports came from just three countries — Russia, the U.S., and the UAE — marking a record high share.

Notably, Russia’s share in India’s oil imports fell to around 44% in August 2026, the latest month for which official data is available, from a historic high of 51% in July.

The data shows that India’s oil imports from both the U.S. and the UAE surged in August, with the American oil coming at a substantial premium compared to the average price India paid for oil imports.

Russia’s share remains elevated

Originally published by The Hindu on Oct 15, 2026 Read the full article at thehindu.com

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