Indian state refiners pause Russian oil purchases, sources say
India, the world's third-largest oil importer, is the biggest buyer of seaborne Russian crude.
The country's state refiners - Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - have not sought Russian crude in the past week or so, four sources familiar with the refiners' purchase plans told Reuters.
IOC, BPCL, HPCL, MRPL and the federal oil ministry did not immediately respond to Reuters' requests for comment.
Indian Oil to upgrade Panipat diesel refinery for green jet fuel production
The four refiners regularly buy Russian oil on a delivered basis and have turned to spot markets for replacement supply - mostly Middle Eastern grades such as Abu Dhabi's Murban crude and West African oil, sources said.
Private refiners Reliance Industries and Nayara Energy are the biggest Russian oil buyers in India, but state refiners control over 60% of India's overall 5.2 million barrels per day refining capacity.
On July 14, Trump threatened 100% tariffs on countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Express Tribune
25 minutes ago
- Express Tribune
Youm-e-Ishtehsal observed
People across K-P and Balochistan on Tuesday observed Youm-e-Ishtehsal Kashmir and staged rallies and demonstration on Tuesday to express solidarity with Kashmiris and condemn the atrocity of Indian security forces against them. In this connection, a procession was staged on Sahibzada Abdul Qayyum Road. The procession participated by a large number of students, teachers, civil society, trading and lawyers' communities was led by Governor Khyber Pakhtunkhwa Faisal Karim Kundi. Advisor to KP Chief Minister on Information and Public Relations, Barrister Dr Mohammad Ali Saif also participated in the rally. Addressing the participants of the rally, Khyber-Pakhtunkhwa Governor Faisal Karim Kundi said, six years have passed since the barbaric abolition of the special status of the Indian Illegally Occupied Jammu Kashmir (IIOJK) by India. Meanwhile, K-P Chief Minister Ali Amin Khan Gandapur strongly condemned the atrocities committed by India against the people of occupied Kashmir, particularly the unilateral revocation of Kashmir's special status by the Indian government over the past six years. Balochistan Balochistan Governor Jaffar Khan Mandokhail, expressed unwavering solidarity with the people of IIOJK on the occasion of Youm-e-Istehsal, marking six years since India revoked Articles 370 and 35A of its constitution. In a statement issued here on Tuesday, CM Bugti described August 5, 2019, the day when the Indian government revoked Article 370 of its constitution, stripping Jammu and Kashmir of its special status as a "symbol of India's illegal occupation and suppression of Kashmiri rights."
Express Tribune
an hour ago
- Express Tribune
Day of Exploitation
Listen to article New Delhi's extra-constitutional and illegal act of abrogating Articles 370 and 35A of the Indian constitution six years ago, which granted special status to occupied Kashmir, is now threatening regional peace and stability. The four-day war between India and Pakistan in May this year testifies that New Delhi has not been able to come to terms with the imbroglio in the occupied territory, and its tall claims of restoring normalcy are no more than a hoax. On August 5, Pakistan observed the 'Day of Exploitation' to reaffirm its solidarity with Kashmiris. The country reaffirmed its commitment to UN-backed right to self-determination and political and human rights of over 15 million Kashmiris languishing under Hindutva-driven rule. Pakistan once again made the world realise that resolution of the longstanding dispute is essential and will remain a cornerstone of its foreign policy. The political posturing on August 5, driven by the RSS's ideology of hate and segregation, has dealt a severe blow to regional peace and the rights of the Kashmiri people. Subsequent measures — such as altering demography, granting millions of domiciles to non-residents and economically marginalising the locals — are what the so-called democratic India represents today. The day must solicit the civilised world's attention towards the detention of hundreds of Kashmiris, and the 'cordon and search' operations that are a new normal in the dispute region under Delhi's rule. It is irksome to note that New Delhi does not even trust its own political edifices in the occupied valley, and that the local political forces there too are in a quandary. That the occupied Kashmir is being treated as a colony goes without saying. It stands as a shameful indictment of India's acclaimed credentials of secularism and its image as a "shining" democracy. India, rather than endeavouring to browbeat Pakistan on flimsy contexts, as it did in the case of Pahalgam, must rescind its August 5 acts and talk it out with Islamabad for a perpetual bilateral solution.
Express Tribune
2 hours ago
- Express Tribune
Indian Supreme Court to hear plea on restoration of IIOJK's special status
A woman stands next to Amir Nazir Wani's family house, which was destroyed by the Indian authorities, in Khasipora village in Tral, occupied Kashmir on April 27, 2025. — Reuters/Adnan Abidi Listen to article India's top court will hear a plea for the restoration of Indian Illegally Occupied Jammu and Kashmir's (IIOJK) federal statehood later this week, court officials said Tuesday, as the region marked six years under direct rule from New Delhi. The hearing, scheduled for August 8 in the Supreme Court, follows an application filed by two residents of the Muslim-majority territory. Prime Minister Narendra Modi's Hindu nationalist government in August 2019 revoked IIOJK limited autonomy and brought it directly under federal control. The move was accompanied by mass arrests and a communications blackout that ran for months as India bolstered its armed forces in the region to contain protests. The removal of Article 370 of the constitution, which enshrined the Indian-occupied region's special status, was challenged by IIOJK's pro-India political parties, the local bar association and individual litigants. The Supreme Court in December 2023 upheld removing the region's autonomy but called for IIOJK to be restored to statehood and put on a par with any other Indian federal state "at the earliest and as soon as possible". "We have moved an application seeking a definitive timeline for the restoration of statehood," said the petitioners' lawyer, Soayib Qureshi. "It has been quite some time since the court asked for it and elections have also been successfully held." Last November, IIOJK elected its first government since it was brought under New Delhi's direct control, as voters backed opposition parties to lead its regional assembly. But the local government has limited powers and the territory continues to be for all practical purposes governed by a New Delhi-appointed administrator. Indian security forces were deployed in force in the Himalayan territory on Tuesday, eyeing protests demanding the restoration of its special status.
