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India is planning to increase purchases of oil from Russia amid risks to supplies transiting the Strait of Hormuz, ANI reported. In February 2026, Russia remained India’s largest oil supplier, delivering more than 1 million barrels per day, according to Kpler. That figure stood at 1.1 million barrels per day in January.
The Economic Times said complications in global supplies have opened opportunities for Indian firms to expand purchases of Russian crude. Russia could again become a key source of energy security for India. Kpler data confirms a roughly 6% increase in imports of Russian oil in February compared with January, despite pressure from the United States.
On February 7, 2026, the US administration rescinded an additional 25% tariff on Indian goods that had been linked to reductions in purchases of Russian oil. Washington warned it could reinstate the tariffs if India continued to raise imports from Russia. The tariff removal took effect on February 7.
Published 05 March 2026
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