India To Keep Buying Russian Crude And LPG Despite End Of US Waiver

The US Treasury announced it will not extend sanctions waivers that previously allowed countries, including India, to purchase Russian crude and LPG. Despite this, Indian refiners have signaled their intent to maintain imports, citing the need for reliable supply and competitive pricing in a turbulent global energy market.

Energy Security Priorities

India imports nearly 90% of its crude oil needs, making supply diversification critical. With Middle East disruptions and elevated global prices, Russian crude remains a cost-effective option. Officials stressed that India’s decisions are guided by national interest and not external permissions.

Market Implications

Analysts expect India’s continued purchases to stabilize domestic fuel prices but potentially strain diplomatic ties with Washington. However, the government maintains that affordable energy is essential for economic growth and consumer protection.

Key Highlights

• India to continue Russian crude and LPG imports
• US sanctions waiver expired this week
• Energy security and affordability cited as priorities
• Middle East supply disruptions push India towards Russia
• Potential diplomatic friction with Washington

Sources: India TV News, The Indian Express, The Hindu BusinessLine, MoneyControl, Times of India