India sourced more than two-thirds of its August oil imports from just three countries

In a sign of increasing concentration of India’s oil supplies and its limited options to source from, latest data shows that more than two-thirds of the country’s oil imports came from just three countries — Russia, the U.S., and the UAE — marking a record high share. 

Notably, Russia’s share in India’s oil imports fell to around 44% in August 2026, the latest month for which official data is available, from a historic high of 51% in July.