https://www.taxtmi.com/news?id=72380 India's crude oil imports from Russia more than tripled in March 2026, with Russian crude accounting for the overwhelming share of the country's Russian hydrocarbon purchases and the increase driven by higher volumes and rising prices. The surge followed a one-month sanctions waiver on Russian oil, after which state-owned refiners resumed purchases and recorded the sharpest month-on-month increase, while private refiners also increased imports but to a lesser extent. The article also notes downstream trade flows involving refineries processing Russian crude and shipments of oil products into sanctioning markets despite the European Union ban. en-us Tue, 14 Apr 2026 17:31:03 +0530 Tue, 14 Apr 2026 17:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72380 India's crude oil imports from Russia more than tripled in March 2026, with Russian crude accounting for the overwhelming share of the country's Russian hydrocarbon purchases and the increase driven by higher volumes and rising prices. The surge followed a one-month sanctions waiver on Russian oil, after which state-owned refiners resumed purchases and recorded the sharpest month-on-month increase, while private refiners also increased imports but to a lesser extent. The article also notes downstream trade flows involving refineries processing Russian crude and shipments of oil products into sanctioning markets despite the European Union ban. News - Tue, 14 Apr 2026 17:31:03 +0530 https://www.taxtmi.com/news?id=72380