India's Crude Oil Imports Surpass 5 Million Barrels Daily in March

India's crude oil imports reached a record high in March 2025, totaling approximately 5.27 million barrels per day, driven by strong domestic demand and high refining capacity. The increase in imports saw a substantial 67% rise in U.S. crude oil purchases, with imports climbing to about 244,000 barrels per day, as India seeks to reduce its trade surplus with the U.S. Simultaneously, imports of Russian crude also rebounded, reaching around 1.9 million barrels per day, aided by favorable pricing and logistics adjustments by Indian refiners. This surge in overall imports reflects India's growing dependence on foreign oil supplies to meet consumption needs while navigating complex international trade dynamics. The increase is attributed to various factors, including seasonal demand, refinery operations at full capacity, and a favorable economic environment for sourcing Russian oil. Overall, these developments indicate a significant shift in India's energy procurement strategies as it balances relationships with both U.S. and Russian energy sources.