Centre for Research on Energy and Clean Air (CREA) records India slipping to third rank in Russian fossil fuel imports

Key facts

• India’s Russian hydrocarbon imports fell to €2.3 billion in December from €3.3 billion in November.
• Turkiye replaced India as the second-largest buyer, importing €2.6 billion of Russian hydrocarbons in December.
• China retained the top position, accounting for 48% (€6 billion) of Russia’s export revenues from the top five importers.
• Russian crude constituted 78% of India’s purchases, totalling €1.8 billion in December.
• Reliance Industries’ Jamnagar refinery halved its Russian crude imports in December.
• State-owned refiners cut Russian crude imports by 15% month-on-month in December.
• Russia’s share in India’s total crude imports dropped to 25% in December from 35% in November.