Home India Ministry of Commerce and Industry Parliament Question: Import of Oil...
Date: 2025-12-09 Category: Not Applicable State: Union Government Country: India

Parliament Question: Import of Oil

Issued by Ministry of Commerce and Industry · Not Applicable

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Executive Summary & Key Takeaways

**Executive Summary** This document answers questions raised in Lok Sabha Unstarred Question No. 1462 regarding India's import of oil, specifically in relation to Russia. The questions concern trade relations, the impact of US tariffs, and decisions made by Indian refiners regarding Russian crude oil. The response was provided on December 9, 2025. **Key Points / Main Content** * **India-Russia Trade Relations:** * India and the Russian Federation maintain a strong strategic partnership with ongoing dialogue on trade and economic cooperation. * Bilateral trade matters, including diversification and enhancement of Indian exports, are addressed through mechanisms like the India-Russia Inter-Governmental Commission (IRIGC-TEC). * The Government works with Russia to improve market access for Indian agricultural and medical products. * **Crude Oil Imports:** * Indian refiners import crude oil on a commercial B2B basis, based on techno-commercial factors. * The Government encourages Indian PSUs to diversify oil import sources for energy security. * Companies independently decide the quantity of crude oil imported from specific countries or regions. * The Government does not interfere in the commercial procurement choices of these companies. * **Data Publication:** * Periodic details of crude oil import are published by the Directorate General of Commercial Intelligence and Statistics, Ministry of Commerce & Industry and are publicly accessible. **Impact Analysis** **Indian Refiners** * **Impact:** They operate independently in their crude oil import decisions, guided by commercial factors. * **Action Required:** Continue to make procurement choices based on their assessment of market conditions and techno-commercial considerations. **Indian PSUs** * **Impact:** Encouraged to diversify oil import sources to ensure energy security. * **Action Required:** Explore and diversify oil import sources to ensure energy security. **Citizens of India** * **Impact:** Ensuring energy security and uninterrupted supplies. * **Action Required:** No direct action. **Directorate General of Commercial Intelligence and Statistics, Ministry of commerce & Industry** * **Impact:** Responsible for publishing periodic details of crude import. * **Action Required:** Continue publishing periodic details of crude import.

Key Entities Referenced

Ministry of Commerce and Industry: The primary ministry responsible for the matters discussed in the parliamentary question, particularly import of oil. India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC): An institutional mechanism for bilateral trade discussions between India and Russia. Russian Federation: A key country referenced in the questions regarding trade and oil imports. Import of Oil: The central subject matter of the parliamentary question.
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GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE LOK SABHA UNSTARRED QUESTION NO. 1462 ANSWERED ON 09/12/2025 IMPORT OF OIL 1462. SHRI S VENKATESAN THIRU THANGA TAMILSELVAN Will the Minister of COMMERCE AND INDUSTRY (वाणिज्य एवं उद्योग मंत्री) be pleased to state: (a) whether it is true that the Russian President has taken a decision to import more agricultural and medical products from India to compensate India for losses caused by US tariffs and have instructed Government officials in this regard; (b) if so, the details thereof and the response to Russian Government by the Union Government; (c) the steps taken by the Government on the decision taken by the Russian Government in this regard; (d) whether it is true that the country has started reduction of Import of oil from Russia due to US tariffs; (e) the comparative table of 2024 and 2025 for the value of impact of oil, month-wise; and (f) whether it is true that five country's major refiners have not placed any orders for Russian crude oil for December 2025? ANSWER वाणिज्य एवं उद्योग मंत्रालय में राज्यमंत्री (श्री णिणिन प्रसाद) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI JITIN PRASADA) (a) to (c) India and the Russian Federation maintain a robust strategic partnership, characterized by regular high-level dialogue on trade and economic cooperation. Bilateral trade matters, including the diversification of the trade basket and the enhancement of Indian exports, are discussed through institutional mechanisms such as the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC- TEC). The Government engages with the Russian side to facilitate market access for Indian products, including in the agricultural and medical products. (d) & (f) India’s crude oil imports are undertaken by Indian refiners on a purely commercial, B2B basis, guided by techno-commercial considerations. While government has been encouraging Indian PSUs for diversifying Oil import sources for ensuring energy security and uninterrupted supplies for the citizens, decision regarding the quantum of crude oil imported from any particular country or region are made independently by the companies themselves, and the Government does not intervene in their commercial procurement choices. (e) The periodic details of crude import are published by Directorate General of Commercial Intelligence and Statistics, Ministry of commerce & Industry, which can be accessed at https://ftddp.dgciskol.gov.in/dgcis/. *****

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