India’s crude oil imports fell nearly 15% month-on-month in March to 4,444 thousand barrels per day (tbpd) from 5,202 tbpd in February, as disruptions in the Strait of Hormuz sharply altered sourcing patterns, with Gulf suppliers losing share and Russia emerging as the dominant contributor. Great Rebound The shift in country dynamics was stark. Russia’s crude supplies surged from 1,041 tbpd in February to 1,969 tbpd in March — an increase of nearly 89% — pushing its share to roughly 44% of India’s total imports, compared to about 20% in the previous month.