India broke the record by ordering crude oil from Russia, now the prices of petrol and diesel will not increase?

India Russian Oil Import: India has ordered a lot of crude oil from Russia in June 2026. According to media reports, in the month of June, India purchased crude oil worth about 4.5 billion euros from Russia, which is about 83% of the total fuel imports from Russia. With this, India has become the second largest country after China to buy hydrocarbons from Russia. Now you can know from here what is the reason for buying so much oil and how much impact it is going to have on the prices of petrol and diesel.

Why was oil bought from Russia?
In June, there was a lot of tension and supply problems in the Middle East, meanwhile Indian refineries bought large quantities of cheap crude oil from Russia. Discounted oil from Russia proved to be very economical for Indian companies. This is the reason why India’s total crude oil imports also increased in June.

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Will the prices of petrol and diesel not increase?
Buying cheap crude oil from Russia is certainly a matter of relief for India, but it does not mean at all that the prices of petrol and diesel will not automatically increase. Oil prices in India depend on many factors, including international crude oil prices, rupee-dollar exchange rate, refining cost, taxes, etc. However, if India continues to get abundant Russian oil at concessional rates and crude oil prices remain under control in the global market, then the pressure on petrol and diesel prices may remain less.

What is the pressure on Russia?
The interesting thing is that India bought oil, but there is pressure on Russia’s oil earnings. The reason for this is the fluctuations in prices in the international market and the discount available on Russian oil. This means that Russia is selling oil in large quantities, but the earnings per barrel are no longer the same as before.

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