India’s oil imports from both the U.S. and the UAE surged in August, with the American oil coming at a substantial premium compared to the average price India paid for oil imports. File
| Photo Credit: Getty Images/iStockphoto
In a sign of increasing concentration of India’s oil supplies and its limited options to source from, latest data shows that more than two-thirds of the country’s oil imports came from just three countries — Russia, the U.S., and the UAE — marking a record high share.
Notably, Russia’s share in India’s oil imports fell to around 44% in August 2026, the latest month for which official data is available, from a historic high of 51% in July.
Published – October 15, 2026 10:57 pm IST
