An analysis of India’s top five crude oil suppliers for 2025 reveals Russia as the anomaly, being the only source among the leading suppliers to experience import contraction. Data shows that US crude imports to India surged by 65.6% to $8.2 billion during April-December 2025, while Russian crude imports fell by more than 17%, declining from $40 billion to $33.1 billion year-on-year.
December 2025 statistics highlight Russia’s unique position among the top five suppliers. Russian crude shipments to India totaled $2.71 billion, down 15.15% from $3.2 billion in December 2024. Meanwhile, the other four major suppliers—Saudi Arabia, the United States, Iraq, and the UAE—all recorded positive growth, making Russia’s decline particularly notable.
Saudi Arabia led the growth among the top five with an exceptional 61% year-on-year increase, supplying crude valued at $1.75 billion in December 2025. The United States, ranking fifth among India’s suppliers, posted a strong 31% gain with shipments totaling $569.30 million. Iraq, typically India’s second-largest supplier, recorded a 4.56% increase to $2.37 billion, while the UAE contributed $1.65 billion, up 6% annually.
The divergent performance among the top five suppliers appears linked to geopolitical factors. The US implementation of a 25% punitive tariff on Indian goods on August 27, 2025, specifically designed to discourage purchases of sanctioned Russian petroleum, influenced procurement patterns. Russian crude imports declined from $3.62 billion in July 2025 to $2.71 billion in December 2025.
India’s total crude oil imports from all sources, including the top five and approximately 34 other suppliers, reached $11.29 billion in December 2025, up 9.1% from $10.34 billion in December 2024. Cumulative imports for April-December 2025 totaled $105.10 billion, compared to $109.33 billion in the corresponding period of 2024.