Signal Desk · Economy

India’s crude imports hit 2026 high in September at 5.26 mbpd

2026-10-02 · 1 source · Economic Times Foreign Trade

In short

India imported 5.26 million barrels of crude oil a day in September, the highest level for 2026.

The report says Gulf supplies increased and Iraq became the second-biggest supplier after Russia. This matters because Indian refiners got more Middle Eastern crude, but the story does not say how long the trend will continue.

What the reporting says

India’s crude oil imports rose to a 2026-high of 5.26 million barrels per day in September as Gulf supplies surged, with Iraq becoming the second-largest supplier after Russia. The publisher summary says increased flows through the Strait of Hormuz gave Indian refiners more access to Middle Eastern crude, even as pressure to diversify away from Russian oil continues. The reporting does not say how long the higher import level will last.

Why it matters

India’s crude imports climbed to 5.26 million barrels per day in September, with Gulf supply growth pushing Iraq into the number-two supplier spot behind Russia. The summary says greater flows through the Strait of Hormuz improved access to Middle Eastern crude, even as India still faces pressure to reduce reliance on Russian oil. The duration and full market impact are not stated.

Touches: Oil, Economy, Global, Commodities

Sources