According to trade and refining sources, Indian refiners are reported to be limiting purchases of Russian oil for delivery in April, and several companies are expected to continue avoiding such operations beyond this period. This comes amid progress on a trade deal between New Delhi and Washington, which has affected tariff structures and economic cooperation between the two countries.

According to a Reuters report, Indian Oil, Bharat Petroleum and Reliance Industries are not accepting offers from traders for loading Russian oil in March and April. Some Russian oil deliveries had already been scheduled for March, but most other refineries have stopped buying Russian crude, refining sources told the news agency.

This comes amid the progress of the US-India trade deal that has led to the reduction of tariffs and strengthening of economic ties. While the joint statement did not directly mention Russian oil, US President Donald Trump lifted a 25 percent tariff on Indian goods that had been imposed due to purchases of Russian oil. Trump said New Delhi had “committed to directly or indirectly stopping” the import of Russian oil.

Despite this, New Delhi has not formally announced any plans to stop Russian oil imports. The foreign ministry said that diversifying energy supply according to market conditions and international developments remains central to its strategy to ensure energy security.

According to Reuters sources, Indian refiners can change their approach to procuring Russian oil only if directed by the government. Trump’s executive order also stated that US officials would monitor Indian purchases and could recommend reimposing tariffs if India resumes buying Russian oil.

India’s imports of Russian oil have already declined significantly. Trade and industry data show Russian oil intake hit a two-year low in December. Sources said last month that India was preparing to cut Russian oil imports below 1 million bpd in March, with further cuts to 500,000-600,000 bpd, compared with an average of 1.7 million bpd last year.

Most Indian refiners have shifted to buying more oil from suppliers in the Middle East, Africa and South America as they reduce Russian purchases, the report added.

A regular Indian buyer, Russian-backed private Nayara refiner, relies almost exclusively on Russian oil for its 400,000 bpd refinery. However, Nayara does not plan to import Russian crude in April due to scheduled maintenance, a source familiar with its operations said.