Reliance, Nayara likely to increase Russia oil imports by 10-20% in September despite US tariffs

India’s imports of Russia crude oil are set to rise in September despite a 50% Trump tariff in effect, Reuters reported on Thursday (28 August 2025).

Indian refiners—led by Reliance Industries Ltd. and Rosneft-backed Nayara Energy—are likely to increase Russian oil purchases by 10-20%, or by 150,000-300,000 barrels per day, from August levels, three trading sources said. The sources, who cited preliminary purchases data, could not be named because they were not authorised to speak publicly on the issue.