Overview

• An additional 25% duty announced by President Donald Trump takes overall tariffs on Indian goods to as much as 50% starting Wednesday, with the White House linking the move to India’s increased intake of Russian crude.
• Indian refiners are expected to reduce Russian crude purchases to roughly 1.4–1.6 million barrels per day for October loading from about 1.8 million earlier in the year, according to industry reporting.
• State processors have paused some spot buying as discounts on Russian Urals to dated Brent have narrowed to around $2.50 a barrel, weakening the price advantage that drove the earlier surge.
• Officials and executives say there are no orders to halt purchases, describing a stance of “country first, commerce later,” while Reliance Industries and Nayara Energy remain the leading buyers under term and commercial arrangements.
• India imported about 1.73 million barrels per day of Russian crude between January and July, the largest seaborne buyer, as U.S. officials argue those flows fund Moscow’s war and social-media calls in the U.S. urge punitive steps such as targeting H‑1B visas.