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Russia's Share of India's Oil Imports Crossed 40% in May 2026
The Hindu·Thursday, 9 July 2026
Russia accounted for more than 40% of India's total oil imports in May 2026, even as India continued paying a premium on those purchases. A Hindu analysis also found that India resumed importing oil from Iran and Venezuela starting in April and continued through May 2026.
Why It Matters
India's oil import mix directly affects fuel prices and the country's diplomatic balancing act between Russia, the West, and the Middle East.
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