Cumulative April-December Figures Show $4.23 Billion Drop Despite Supplier Diversification

India’s cumulative crude oil imports for April-December 2025 totaled $105.10 billion, representing a decrease of $4.23 billion from the $109.33 billion recorded in the corresponding period of 2024, despite significant supplier diversification. US crude imports to India increased by 65.6% to $8.2 billion during this period, while Russian crude imports fell by more than 17%, declining from $40 billion to $33.1 billion.
The December 2025 monthly figures contributed to this cumulative picture. Russian crude shipments totaled $2.71 billion, down 15.15% from $3.2 billion in December 2024, making Russia the only supplier among India’s top five to experience negative annual growth. This decline factored into the overall reduction in cumulative import values.
Despite the overall decrease in cumulative value, India successfully diversified its supplier base. Saudi Arabia demonstrated exceptional growth with a 61% year-on-year increase in December 2025, supplying crude worth $1.75 billion. The United States posted a 31% gain to $569.30 million. Iraq contributed $2.37 billion, up 4.56%, while the UAE delivered $1.65 billion, reflecting a 6% annual rise.
The cumulative figures reflect both volume and price dynamics throughout the nine-month period. The US imposition of a 25% punitive tariff on Indian goods on August 27, 2025, influenced the latter portion of the period. Russian crude imports declined from $3.62 billion in July 2025 to $2.71 billion in December 2025, contributing to the overall reduction.
India’s total crude imports from approximately 39 countries reached $11.29 billion in December 2025 alone, up 9.1% from $10.34 billion in December 2024. Officials maintain that ensuring adequate energy supply through diversified sources remains paramount, with procurement strategies adapting to market conditions and international developments.