• Source:JND

The Kremlin said on Wednesday that it saw nothing new in India's announcement that it would diversify its oil supplies, as New Delhi has always bought oil from different countries, including Russia, Reuters reported.

Commerce Minister Piyush Goyal said earlier on Wednesday that India would diversify its energy sources as a strategy amid changing global circumstances to ensure energy security for its citizens.

Goyal's statement followed the announcement by US President Donald Trump on Monday of a US-India trade deal. Trump spoke about New Delhi halting its Russian oil purchases, something that India has not publicly confirmed since.

"Russia was not the only supplier of oil to India"

Asked about India's oil purchase plans, Kremlin spokesman Dmitry Peskov said everyone knew that Russia was not the only supplier of oil to India. "We, and not only us, but all specialists in the field of international energy affairs, are well aware that Russia is not the only supplier of oil and petroleum products to India," Peskov told reporters.

"India has always purchased these products from other countries. That is why we do not see any new developments here."

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Earlier on Tuesday, Peskov downplayed Trump’s claim about New Delhi agreeing to halt oil export from Moscow. He said the trade pact between India and the US, and said Russia has not received any statements from India about stopping Russian oil purchases.
Peskov also said that Russia intends to continue to develop its relations with India in every possible way, according to Russian media reports.

"Moscow has not yet received any statements about India halting purchases of oil," Peskov was quoted as saying by the Russia media.

Trump last year imposed 50 per cent tariffs on India, among the highest in the world, including 25 per cent levies for its purchases of Russian energy.

India's energy needs

India buys about 88 per cent of its crude oil, which is converted into fuels like petrol and diesel, from overseas. Russian oil made up hardly 0.2 per cent of all crude oil that India imported till 2021. India, the world's third-largest oil importer, became the largest buyer of discounted Russian crude after Western countries shunned Moscow following its February 2022 invasion of Ukraine.

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India's import of Russian crude oil dropped to around 1.1 million barrels per day in the first three weeks of January, from an average of 1.21 million bpd in the previous month and over 2 million bpd imports in mid-2025, according to data from real-time analytics company Kpler.

Iraq is now supplying almost the same volumes as Russia, up from an average of 9,04,000 bpd in December 2025, according to Kpler.

Volumes from Saudi Arabia too have risen to 9,24,000 bpd in January, from 7,10,000 bpd in December and lows of 5,39,000 bpd in April 2025.


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