Reliance Industries Limited (RIL), India’s largest private refiner, is planning to reduce its imports of Russian oil in 2025, signalling a strategic shift in its crude sourcing strategy. The move comes as global oil markets face increasing geopolitical uncertainty and changing trade regulations.
According to industry reports, Reliance aims to diversify its crude oil supply by increasing purchases from the Middle East, Africa, and Latin America. This decision follows Western sanctions and price cap measures on Russian crude, which have complicated payment and shipping logistics.
Reliance has been among the top buyers of Russian oil since 2022, taking advantage of discounted rates. However, with logistics tightening and discounts narrowing, the company is now rebalancing its oil portfolio to ensure smoother operations and supply stability.
Experts suggest that Reliance’s move may also be influenced by global investors’ concerns over compliance and reputation risks linked to Russian oil. By sourcing more barrels from traditional partners like Saudi Arabia and Iraq, the company aims to maintain stable refining margins while aligning with evolving global trade norms.
Reliance operates the world’s largest refining complex in Jamnagar, Gujarat, and is known for its agility in adapting to market conditions. The company is expected to continue purchasing limited quantities of Russian crude but at a reduced share compared to 2023–24 levels.
Summary Table
| Key Detail | Information |
|---|---|
| Company | Reliance Industries Limited (RIL) |
| Decision | To reduce imports of Russian crude oil in 2025 |
| Reason | Geopolitical pressures, sanctions, and narrowing discounts |
| Alternative Sources | Middle East, Africa, Latin America |
| Impact | Diversified supply chain, stable refining margins |
| Refinery Location | Jamnagar, Gujarat |
| Timeline | Implementation expected in 2025 |
| Strategic Goal | Risk reduction and compliance with global trade norms |
