New Delhi, November 17, 2025 : Despite ongoing US sanctions on Russian crude, Indian oil refiners continue to report strong profit margins, thanks to discounted supplies and efficient blending strategies. The steady inflow of affordable Russian barrels has helped refiners maintain low input costs even as global oil prices fluctuate sharply.
Industry experts say these margins are likely to hold as long as payment channels and shipping arrangements remain unaffected by tightening sanctions. However, they caution that geopolitical risks remain high, and any disruption in Russian crude flows could push up costs for Indian refiners in the coming months.
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