India has caved to US calls for to cease shopping for Russian oil, allegedly. The White Home reported that Prime Minister Narendra Modi dedicated to halting purchases, however India’s authorities has not confirmed these claims or made any public declaration.
Indian Union Minister of Petroleum and Pure Fuel, Hardeep Singh Puri, confirmed India’s dedication to buy extra oil from the US, which can now provide the nation with 10% of all liquefied petroleum gasoline (LPG) imports. This marks the primary structured contract for US LPG in India. State-owned oil corporations have signed a brief 1-year deal to import 2.2 million tonnes of LPG from the Gulf Coast.
The deal is mutually useful. Hardeep Singh Puri worded the settlement as virtually a favor to the US. India doesn’t produce sufficient petroleum to satisfy home wants and depends closely on imports. LPG Mont Belvieu is as much as 20% cheaper from the US than Saudi Arabia or the UAE. At $673/MT, the US is providing a discount in comparison with world costs. LPG could be extremely unstable, and lots of view this as an indication of power stability from the US. India will nonetheless diversify its imports to keep away from full US dependency.
A historic first!
One of many largest and the world’s quickest rising LPG market opens as much as the USA.
In our endeavour to offer safe reasonably priced provides of LPG to the folks of India, we’ve been diversifying our LPG sourcing.
In a big growth,…
— Hardeep Singh Puri (@HardeepSPuri) November 17, 2025
The US will start to sanction Russian oil corporations Lukoil and Rosneft on November 21, 2025. Reliance Industries and different main state-run Indian corporations have sharply elevated their purchases of Russian oil within the weeks main as much as sanctions.
US-India commerce has been unstable since August, when President Trump positioned a 50% tariff on Indian items, downplaying the nation’s function as a commerce accomplice, and chalking up half of the reciprocal tariff worth to India’s reliance on Russian power. Indian Commerce Minister Piyush Goyal has tried to clean over relations, agreeing to extend US imports within the coming years. “And being shut associates, pure companions, our power safety objectives can have a really excessive component of US involvement,” the Indian minister had stated.
The BRICS member has been enjoying a fragile balancing act with the US and Russia since 2022. Maybe no different nation has profited extra from this warfare within the quick time period than India, which has used its neutrality to its benefit. It stays to be seen whether or not India will completely halt Russian gasoline imports, however for now, the US is appeased with the present deal.
