By Sectionsindian Refiners Can Do Without Russian Oil, But With Trade-Offsptilast Updated: Aug 10, 2025
Indian refiners, heavily reliant on discounted Russian oil for high distillate yields, face significant economic and strategic challenges if supplies are disrupted. Replacing Russian crude would increase import costs by billions, potentially straining fiscal balances and requiring a diversified, costly supply approach. While technically feasible, shifting away from Russian oil would erode refining margins and misalign product yields.