Russian oil discounts deepen Indian refineries amid tariff tensions with us: Report

Russian crude has become cheaper for Indian refineries, with discounts that accommodate $ 3 per barrel, just as the Donald Trump administration imposes a severe tariff on New Delhi due to the continued oil imports from Moscow. According to the Bloomberg report, the leading Urls degree in Russia is presented at lower rates to load goods in late September and October. The discount reached about $ 2.50 last week, compared to only one dollar in July. On the contrary, the US raw shipping to India reaches $ 3 to Brent, which enhances the cost of Russian barrels.

India has emerged as a pioneer of Russian crude after the Ukraine war began in 2022. However, South Asia is now facing a multi -US trade tariff, along with repeated criticisms from President Donald Trump and its officials. These moves prompted New Delhi to show solidarity with Moscow’s ties and rebuilding with Beijing, which was primarily seen as a competition.

At the Shanghai Cooperation Organization summit this week, Prime Minister Narendra Modi described India’s relations with Russia as “special”. Moody also met with Chinese President Xi Jinping, as both leaders pledged to work as partners instead of competitors and declare steps towards close cooperation.

The most severe American criticism of White House adviser Peter Navarro, who accused India of feeding the war economy in Russia. In response, the Federation’s Oil Minister Hardip Puri defended imports in a column in Hindus, on the pretext that Russian crude helped prevent the increase in global oil prices that could spoil economies around the world.

Despite a short pause in early August, Indian refineries resumed Russian purchases on a large scale. The broader discounts are expected to attract more interest on the condition of a stronger purchase, especially when compared to high -price American supplies. KPLER and Port data shows that Indian filters have received 11.4 million barrels of Russian crude between August 27 and September 1, including one shipment of a ship created in the United States, The Victor Konetsky, by transporting the ship to ships.

The Orlers degree, which is mainly shipped from the Russian western ports, remains the pioneering crude in Moscow. While China avoided the same level of scrutiny in India, it remains the largest oil agent in Russia, where it got supplies through both pipelines and cards.

High identification tensions

The deeper discounts come against the background of the escalating attack in Washington. The Trump administration imposed a 50 % tariff on Indian goods in retaliation for the rise in Russian oil imports, along with an additional 25 % duty on other products. Navarro accused the Indian refineries of the remedy and reselling it on a bonus throughout Europe, Africa and Asia – of indirectly funding the Moscow War’s effort.

Buy India from Russian oil

India, the third largest oil importer in the world, has transformed its sources of sources since 2022. Russian crude, which was almost mentioned in the oil basket in India, represents nearly 40 % of imports. In the fiscal year 2024-25, Russia provided 36 % of 5.4 million barrels in India per day, exceeding traditional suppliers such as Iraq, Saudi Arabia, the United Arab Emirates and the United States.

New Delhi confirms that its purchases are legitimate, noting that there are no international sanctions prohibiting raw imports from Russia and that the United States itself has stopped banning them.

However, President Trump doubled the criticism, which led to the bombing of trade relations with India as a “completely unilateral disaster”. On the social truth, he claimed that India once offered to reduce the definitions to zero, but he said that this step came too late. New Delhi was accused of buying Russian oil and weapons while selling “huge quantities of goods” in the American market, while maintaining high barriers against US exports.

“The reason is that India has imposed on us, so far, such high definitions-more than any country-that our actions are unable to sell in India. It was a completely unilateral disaster!” Trump published.