Supplier Mix Transformation: Four Suppliers Grow While One Major Source Contracts

India’s crude oil supplier mix underwent a significant transformation in 2025, with four of the top five suppliers expanding their shipments while one major source contracted. Data reveals that US crude imports to India surged by 65.6% to $8.2 billion during April-December 2025, while Russian crude imports fell by more than 17%, declining from $40 billion to $33.1 billion year-on-year.
December 2025 statistics highlight this one-versus-four dynamic among India’s principal suppliers. Russian crude shipments declined by 15.15% to $2.71 billion from $3.2 billion in December 2024, standing alone in experiencing negative growth. Meanwhile, Saudi Arabia, the United States, Iraq, and the UAE all expanded their deliveries to India.
The four growing suppliers demonstrated varied but universally positive performance. Saudi Arabia led with exceptional growth of 61%, delivering crude worth $1.75 billion in December 2025. The United States achieved a solid 31% increase to $569.30 million. Iraq posted a modest 4.56% rise to $2.37 billion, while the UAE recorded a 6% gain to $1.65 billion.
The transformation in supplier mix appears linked to evolving trade dynamics. The US implementation of a 25% punitive tariff on Indian goods on August 27, 2025, designed to discourage purchases of sanctioned Russian petroleum, influenced the supplier balance. Russian crude imports declined from $3.62 billion in July 2025 to $2.71 billion in December 2025 as the four alternative major suppliers expanded their market share.
India’s total crude oil imports from approximately 39 countries reached $11.29 billion in December 2025, up 9.1% from $10.34 billion in December 2024. Cumulative imports for April-December 2025 totaled $105.10 billion, compared to $109.33 billion in the corresponding period of 2024. The transformed supplier mix supports India’s energy security through diversification.