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India ramps up Russian oil imports and taps new sources to plug a Middle East disruption gap
Economy
Published on 26 April 2026
A US waiver helps refiners lock in extra Russian crude
India is moving fast to plug a crude oil shortfall triggered by disruptions in the Middle East. Refiners are boosting Russian imports, aided by a US waiver, while reviving alternative supply lines from Africa, Iran, and Venezuela. The shift is helping India avoid fuel shortages that other regions have faced, even as logistics and contract costs remain challenging.
- India is increasing Russian crude imports to cover a supply gap
- A US waiver is enabling refiners to secure more Russian oil
- Alternative sources from Africa, Iran, and Venezuela are being revived
- Despite disruptions, fuel shortages have been avoided so far
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times