GENERAL28 Sept 2026
Russian crude import falls to 5-month low as refiners diversify supply
India's Russian crude imports dropped to about 1.75 million barrels a day in September, the lowest since April, as refiners spread their buying across more suppliers. Total crude imports still rose to roughly 5.3 million barrels a day, with Iraq and Saudi Arabia filling the gap. For your business, fuel and freight costs stay tied to these shifting supply choices, so keep watching pump and transport prices.
Key Statutory Highlights
- India imported about 1.74 million barrels a day of Russian crude in September, the lowest since April.
- Total crude imports averaged about 5.3 million barrels a day, up roughly 600,000 barrels a day from August.
- Iraq supplied about 575,000 barrels a day in September, up from 163,000 in August, as Middle Eastern flows returned to pre-war levels.
Actionable Advice for Taxpayers / Founders:Review your fuel and freight budgets with your supplier or transporter, and stay flexible on contracts since sourcing can shift quickly. This is general information, not a price forecast.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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