ADVERTISEMENT“Reliance Industries’s Jamnagar refinery has not received any cargo of Russian oil at its refinery in the past three weeks, approx. “They do trade, and we can raise tariffs on them very quickly,” he said when asked about India’s Russian oil imports. India is projected to buy an average of 1 million barrels per day of Russian crude in January, down from 1.9 million barrels per day before US sanctions on major producers Rosneft and Lukoil. "We have stopped importing Russian crude oil into our SEZ refinery with effect from November 20," a Reliance spokesperson had said in a statement on 20 November, 2025. Reliance is believed to have purchased about half of the 1.7-1.8 million barrels per day of discounted Russian crude shipped to India prior to that.

Source: The Telegraph January 06, 2026 08:38 UTC