Reliance Industries Limited (RIL), India's largest private refiner, is actively recalibrating its Russian oil imports in line with new government directives. The move follows growing global sanctions against Moscow, reshaping crude oil trade patterns in the international market.
As per reports of Reuters, RIL confirmed that recalibration of Russian crude oil imports is underway and fully aligned with the Government of India's guidelines. As sanctions from the US and Europe intensify against Russia’s top oil companies, Reliance is adjusting its procurement sources to ensure policy compliance while maintaining energy security and operational efficiency.
Since Western nations halted Russian crude imports following the Ukraine conflict in February 2022, India emerged as the leading buyer of discounted Russian seaborne oil. From January to September 2025, India imported around 17,00,000 barrels per day, with private refiners like Reliance and Nayara Energy leading the uptake. This recalibration signals a shift in India's sourcing strategy amidst diplomatic and economic pressures.
US President Donald Trump's administration recently imposed new sanctions targeting Russian oil giants Rosneft and Lukoil. The Treasury has permitted companies to wind down transactions with affected entities till November 21. This geopolitical development significantly impacts companies like Reliance, pushing them to reassess supply contracts and trade flows to manage compliance risk.
On October 23, 2025, Reliance Industries share price opened at ₹1,475.00 on NSE, above the previous close of ₹1,465.20. During the day, it surged to ₹1,482.90 and dipped to ₹1,458.60. The stock is trading at ₹1,466.00 as of 12:25 PM. The stock registered a marginal change of 0.05%.
Over the past week, it has moved up by 4.84%, over the past month, it has moved up by 5.48%, and over the past 3 months, it has moved up by 3.32%.
Reliance's decision to align its oil import strategy with the Centre’s guidelines marks a key development in India's energy policy amid global uncertainties. The evolving crude sourcing strategy underlines the firm’s agility in responding to global regulatory shifts while sustaining domestic supply stability.
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Published on: Oct 23, 2025, 2:21 PM IST
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