Indian refiners are awaiting guidance from the government on whether to continue purchasing Russian oil after the United States announced new 25 percent tariffs on Indian goods, citing India's ongoing energy ties with Russia. The move adds to existing trade tensions and has been described by Indian officials as 'unfair, unjustified and unreasonable.' While state-run refiners have paused Russian oil imports, private companies continue to buy, as Russian oil currently accounts for over a third of India's needs. If forced to reduce Russian imports, Indian refiners may turn to suppliers in the Middle East, Africa, and the Americas, though prices from alternative sources like Saudi Arabia are already rising in anticipation of increased demand. The new tariffs are set to take effect in 21 days, but could be modified depending on future diplomatic alignments.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14976883/India-refiners-wait-government-order-Russian-oil-purchases-sources-say.html
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