India’s crude oil import patterns in 2025 demonstrated that traditional supply relationships proved more resilient than newer discount-driven partnerships during periods of geopolitical stress. While US crude imports to India increased by 65.6% to $8.2 billion during April-December 2025, Russian crude imports contracted by more than 17%, falling from $40 billion to $33.1 billion in the same period.
December 2025 illustrated this resilience differential. Russian crude shipments, representing a relatively recent expansion driven primarily by discount pricing during 2022-2024, declined by 15.15% to $2.71 billion from $3.2 billion in December 2024. The rapid contraction suggests that relationships built primarily on price proved vulnerable to changing circumstances.
Traditional suppliers demonstrated greater stability and even growth. Saudi Arabia, a decades-long supplier to India, achieved 61% growth to $1.75 billion in December 2025, demonstrating relationship resilience. Iraq and the UAE, both long-established suppliers, contributed $2.37 billion and $1.65 billion respectively with modest but steady growth. The United States, though a newer supplier, increased shipments by 31% to $569.30 million, building on formal partnership frameworks.
The resilience test came from the US imposition of a 25% punitive tariff on Indian goods on August 27, 2025, designed to discourage purchases of sanctioned Russian petroleum. Traditional suppliers with established contracts, payment mechanisms, and diplomatic relationships maintained or expanded volumes. Newer discount-driven relationships proved more vulnerable to disruption. Russian crude imports declined from $3.62 billion in July 2025 to $2.71 billion in December 2025.
India’s total crude oil imports from all sources reached $11.29 billion in December 2025, up 9.1% from $10.34 billion in December 2024. Cumulative imports for April-December 2025 totaled $105.10 billion, compared to $109.33 billion in the corresponding period of 2024. The experience validates the value of long-term supply relationships.
Traditional Supply Relationships Prove More Resilient Than Discount-Driven Partnerships
