$105 Billion Total: India’s Crude Import Value Drops Slightly Despite Shifting Sources

India’s total crude oil import value for April-December 2025 reached $105.10 billion, representing a marginal decline from $109.33 billion in the corresponding period of 2024, even as supplier composition shifted dramatically. US crude imports to India increased by 65.6% to $8.2 billion during this period, while Russian crude imports fell by more than 17%, declining from $40 billion to $33.1 billion.
December 2025 import data shows the evolving supplier dynamics within this overall picture. Russian crude shipments declined by 15.15% to $2.71 billion from $3.2 billion in December 2024, making Russia the only supplier among India’s top five to experience negative growth. This shift occurred within the context of total December imports rising to $11.29 billion.
Other major suppliers captured increased market share. Saudi Arabia achieved remarkable growth of 61%, delivering crude worth $1.75 billion in December 2025. The United States recorded a 31% increase to $569.30 million. Iraq contributed $2.37 billion, up 4.56%, while the UAE supplied $1.65 billion, reflecting a 6% annual rise. These gains partially offset the Russian decline.
The overall import value dynamics reflect both price fluctuations and volume changes. The US implementation of a 25% punitive tariff on Indian goods on August 27, 2025, designed to discourage purchases of sanctioned Russian petroleum, influenced procurement patterns. Russian crude imports declined from $3.62 billion in July 2025 to $2.71 billion in December 2025.
India’s total crude imports from approximately 39 countries totaled $11.29 billion in December 2025, up 9.1% from $10.34 billion in December 2024. The April-December cumulative figure of $105.10 billion, though slightly below the previous year’s $109.33 billion, reflects India’s ongoing commitment to energy security through diversified sourcing strategies.