India Russian Oil Import: India has ordered a lot of crude oil from Russia in June 2026. According to media reports, in the month of June, India purchased crude oil worth about 4.5 billion euros from Russia, which is about 83% of the total fuel imports from Russia. With this, India has become the second largest country after China to buy hydrocarbons from Russia. Now you can know from here what is the reason for buying so much oil and how much impact it is going to have on the prices of petrol and diesel.

Why was oil bought from Russia?
In June, there was a lot of tension and supply problems in the Middle East, meanwhile Indian refineries bought large quantities of cheap crude oil from Russia. Discounted oil from Russia proved to be very economical for Indian companies. This is the reason why India’s total crude oil imports also increased in June.

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Will the prices of petrol and diesel not increase?
Buying cheap crude oil from Russia is certainly a matter of relief for India, but it does not mean at all that the prices of petrol and diesel will not automatically increase. Oil prices in India depend on many factors, including international crude oil prices, rupee-dollar exchange rate, refining cost, taxes, etc. However, if India continues to get abundant Russian oil at concessional rates and crude oil prices remain under control in the global market, then the pressure on petrol and diesel prices may remain less.

What is the pressure on Russia?
The interesting thing is that India bought oil, but there is pressure on Russia’s oil earnings. The reason for this is the fluctuations in prices in the international market and the discount available on Russian oil. This means that Russia is selling oil in large quantities, but the earnings per barrel are no longer the same as before.

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Russian Oil Import: India increased crude oil imports from Russia during May 2026. According to media reports, Indian refineries purchased more Russian oil available at a discount, resulting in a significant increase in imports. This figure is said to be the highest level in the last 10 months.

Russia becomes the biggest supplier

After the Ukraine war, Russia turned towards Asian markets amidst the sanctions of Western countries. India got the most benefit from this. Due to availability of oil at cheap prices, Indian companies are continuously increasing purchases from Russia. Even in May, Russia remained India’s largest oil supplier.

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Why did imports increase?

According to experts, crude oil from Russia is cheaper than other sources. Apart from this, Indian refineries have increased purchases in view of the increasing demand. Margins of refining companies also improve due to availability of crude oil at low cost.

Iraq and Saudi Arabia behind

Due to increase in imports from Russia during May, the share of traditional suppliers like Iraq and Saudi Arabia remained less. However, India continues to buy oil from many countries to meet its energy needs.

India’s energy security got support

Experts believe that increasing imports from Russia is necessary for India’s energy security. India imports about 85 percent of its crude oil needs. In such a situation, availability of oil at cheap rates helps in controlling the country’s import bill.

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Will common people get benefit?

If crude oil prices remain controlled in the international market and refineries continue to get cheap oil, then the pressure on petrol and diesel prices may reduce in future. However, domestic fuel prices also depend on many other factors.

Investors are keeping an eye on the ongoing geopolitical tension in the Middle East and the situation in the global oil market. In such a situation, changes may be seen in India’s import pattern and oil prices in the coming months.

Donald Trump: US President Donald Trump has given a big statement on Saturday. He said that instead of buying oil from Iran, India will buy oil from Venezuela. He made this statement while talking to reporters on his official plane Air Force One en route to Florida.

Trump said, “We have already made that deal. The concept of the deal is done.” He explained that ‘Concept of Deal’ means the basic structure of the deal, its understanding or preliminary agreement between the two parties before finalizing the deal.

‘China is also welcome’

Trump also said that if China wants, it can make a deal with America to buy oil from Venezuela and it is welcome.

US strategy and previous sanctions

Earlier, this information had come to light that America had told the Indian government that it can soon resume the purchase of oil from Venezuela, so that oil imports from Russia can be replaced. Three sources gave this information to Reuters.

The US move is seen as an attempt to reduce oil revenues that finance Russia, which is helping in the Ukraine war. In March last year, Trump had imposed a 25% tariff on countries buying oil from Venezuela, including India.

US President Donald Trump gave a big statement

US President Donald Trump had earlier praised the US-led initiative in the matter related to Venezuela. He said that this process is moving in a very positive direction and the export of oil from Venezuela is expected to resume soon. This entire system has been prepared with the support of Washington. During a conversation with the media in the Oval Office, Trump said, “The leadership is doing a very good job in the Venezuela situation. We are moving forward by maintaining better coordination with everyone associated with this entire process.”

He also told that many countries of the world will soon start buying oil from Venezuela and America will play an important role in this initiative. “We’re inviting the countries of the world. They’re going to start taking the oil. We’ll lead this whole plan, and so far it’s working very well,” Trump said.

US Treasury Secretary Scott Bessant has given a soft signal regarding India. He said that the 25% tariff imposed on India, which was imposed due to increase in Russian oil imports, can be removed in future. According to Bessent, the tariff is still active, but India has reduced the import of Russian crude to a great extent. The Trump administration had imposed this tariff after the Ukraine war to prevent India from buying cheap Russian oil. Bessant claims that after this Russian oil buying by Indian refineries almost collapsed and the policy succeeded in its goal. Before the war, Russia’s share in India’s oil imports was only 2–3%, which reached high teens due to discounts. After US pressure, India increased sourcing from Middle East, Africa and Latin America. He also mentioned the hypocrisy of Europe, which speaks out against Russia but buys refined fuel.

US President Donald Trump said on Tuesday (January 13, 2026) that America is working in very good coordination with Venezuelan authorities, because millions of barrels of crude oil are being sent from Caracas to American refineries. This statement of Trump is being seen as a major and historic change in US-Venezuela relations.

Speaking at the Detroit Economic Club, Trump claimed that his government is working directly with Venezuela and that large quantities of Venezuelan oil has already started reaching the US. He said that this step will affect not only America but also global energy markets and this will lead to further decline in oil prices.

I am Venezuela’s biggest supporter: Trump

During his address, Donald Trump showed a very positive attitude towards Venezuela. He said, ‘I am the biggest supporter of Venezuela. We are working with them. Referring to the current situation in Venezuela, Trump said that this country was once at a very high level, but then reached a state of destruction due to the economic and political crisis. According to him, new cooperation with America will help in rebuilding Venezuela. He also claimed that oil supplies from Venezuela have already started and results will be visible soon.

Claims of millions of barrels of oil and falling prices

Donald Trump said that oil coming from Venezuela will increase supply in the global energy market, which will put pressure on prices and make oil cheaper. He said, ‘We are taking millions and millions of barrels of oil. Initially it is coming on a daily basis — about 50 million barrels, worth more than $5 billion. Due to this, oil prices will go down further. Describing it as a win-win deal for both the countries, Trump said that it is great for Venezuela and also great for America.

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This country is once again in the global discussion after the US arrested Venezuelan President Nicolas Maduro as part of a military operation. Amidst the attacks and political turmoil, people are also paying attention to Venezuela’s economy and its currency. This question is in the minds of many people that despite being a country with the world’s largest crude oil reserves, why is Venezuela’s currency so weak? Meanwhile, if we compare the currency of India and Venezuela, a lot of difference is seen.

India and Venezuela have long had good diplomatic and economic relations. Both countries respect each other’s sovereignty. Venezuela has been an important partner for India in the energy sector. In the year 2024, India had imported about 22 million barrels of crude oil from Venezuela. It is clear from this that Venezuela plays an important role in India’s energy security. In such a situation, when Venezuela’s politics and economy are in crisis, it also impacts the global market and countries like India.

Why did Venezuela’s currency weaken?

The name of the currency of Venezuela is Bolivar, which is called VES internationally. In the last decade, it has been among the fastest falling currencies of the world. Hyperinflation, economic mismanagement and political instability in the country have almost destroyed the strength of the Bolivar. In the year 2017, Venezuela officially accepted the state of default i.e. bankruptcy. After this the confidence of foreign investors was completely broken. Economic sanctions imposed by America and Western countries also worsened the situation. The decline in oil production and the weak condition of the government oil company did not give the economy a chance to recover.

impact on common people

The biggest impact of Bolivar’s weakness has been on ordinary citizens. People have to spend large amounts of cash even for everyday needs. Sometimes prices in shops change several times a day. For this reason, people have started trusting foreign currencies like dollar more.

How much will 10,000 Indian rupees be worth in Venezuela?

If we talk about currency value, then according to the report of Vice.com, 1 Indian Rupee is equal to approximately 3.38 Venezuelan Bolivar. According to this, 10,000 Indian rupees is equal to about 33,850 bolivar in Venezuela. However, this rate does not remain constant. Currency exchange rates in Venezuela often vary depending on market conditions and political circumstances. Still, this figure clearly shows that the Venezuelan currency is very weak compared to the Indian rupee.

Why is there economic crisis despite having oil?

This question often arises that when Venezuela has the world’s largest oil reserves, then why is it so economically weak. The answer is heavy and thick crude oil, which is expensive to extract and process. Also, old technology, lack of investment and international sanctions have limited the earnings from oil.

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India has taken an important strategic step regarding the supply of crude oil. Indian Oil Corporation (IOC) has started diversifying crude oil sourcing amid increasing international sanctions on Russia and global supply uncertainties.

In this series, IOC has purchased crude oil from Colombia for the first time.

This deal has been done under the alternative supply agreement with Colombia’s government company Ecopetrol. IOC has purchased 2 million barrels of Castilla Grade crude oil, delivery of which is expected by the end of February.

So far the IOC’s dependence has been mainly on Russia and the Middle East.

According to Kpler, India’s Russian oil imports may decline to 12 lakh barrels per day in December. This change reflects India’s energy security strategy.

Venezuela is a country in South America which is often discussed in global news. The reasons for this vary. Sometimes the policies of the President Nicolas Maduro, sometimes the economic condition of the country, and sometimes the issues of crude oil. Venezuela is the country with the largest crude oil reserves in the world, but despite this, its economy has been in continuous crisis and its currency i.e. Bolivar (VES) has become very weak.

India and Venezuela have good diplomatic relations for a long time. Both countries respect each other’s sovereignty. India also imports oil from Venezuela. India will buy about 22 million barrels of oil from Venezuela in 2024, which means that Venezuela’s economic and energy sector is very important for India. In such a situation, let us know how strong is the currency of Venezuela and how much will 10000 Indian rupees become there.

How strong is Venezuela’s currency?

The name of the currency of Venezuela is Bolivar (VES). In the last few years, inflation has increased a lot and the value of its currency has been continuously falling. This means that people there spend more money even for their daily needs, and the strength of their currency is decreasing. In 2017, Venezuela officially declared bankruptcy. This means that the economic condition of the country was very bad and the confidence of foreign investors decreased. Political tensions with America and other western countries also affect the economy there.

Value of Indian Rupee 10,000 in Venezuela

As of 2025, 1 Indian Rupee (INR) is equal to approximately 3.22 Venezuelan Bolívar (VES). This means that the value of Rs 10,000 in India will be approximately 32,200 to 32,500 VES in Venezuela. This figure may change slightly, as exchange rates vary with time and market conditions. This means that the Venezuelan currency is very weak compared to the Indian rupee.

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Peeter Navaro, a trade advisor of US President Donald Trump, has once again launched a scathing attack on India. He alleged that India is promoting war by purchasing oil from Russia. He wrote in his latest tweet that India is buying oil from Russia on a large scale, which he called ‘Blood Money’. Navaro says that India had not bought oil from Russia before Russia’s invasion of Ukraine, but is now purchasing in large quantities. He said, “This is blood money and people are dying.”

X did fact check, told Navaro post ‘Hypocritical’
Social media platform X had labeled a post of Navaro by checking the fact and labeling ‘hypocritical’. The fact check note of X said that India’s buying oil from Russia is a legal and sovereign decision. It cannot be considered a violation of international law. This step was linked to India’s energy security. Navaro reacted strongly about this fact check and called it a “waste note” (CR*P Note). He also accused the platform of running “propaganda”.

More Bullshit from X. Fact: India Didn Bollywood Buy Russian Oil in Large Quantities Before Russia Invaded Ukraine. It’s blood money and people are dying. Stick that up your keister mother jones and shame on you. https://t.co/ximzyzdfgo

– Peter Navarro (@Realpnavarro) September 8, 2025

America accused of double standard
It was also reported in an X note that the US imports goods from billions of dollars every year from Russia, which includes fertilizer and uranium. Commenting on this, the users called Navaro’s allegations as double standard. Despite this, Navaro reiterated that India is buying oil from Russia only for profits and this is the way to fund the war machine. He also criticized the policies of the Indian government and said that India does not accept the truth.

Udit raj backed peter navarro: Peter Navaro, Advisor to US President Donald Trump, is constantly making anti -India rhetoric. Recently, he alleged that Brahmins are earning profits in India by purchasing oil from Russia. His statement is being criticized in the country.

Former Congress MP Udit Raj supported this claim of Navaro. He said that corporate houses in India are operated on a large scale by upper castes and the benefits of buying oil from Russia are limited to them.

Udit Raj said this in support

Udit Raj said, ‘What Peter Navarro said is factually correct. It will take a long time for backward castes and Dalits in the country to establish big corporate houses.

Peter Navarro gave a disputed statement

Navaro criticized India’s trade policies and called the country a ‘Maharaja of Tariff’. He said that due to India buying oil from Russia, war is getting funds in Ukraine. He also questioned PM Modi’s recent diplomatic efforts with Russia and China. Navaro said that Brahmins are earning profits at the cost of common Indians and America wants it to be closed. He also said that India’s mixing with the rulingists is not correct according to democracy.

India has taken a tough stand

India took a tough stand on Navaro’s comment and said that energy purchases from Russia are part of the global market operations. This benefits the Indian economy. India also made it clear that this income does not go directly to the war fund of Russia. Despite the US pressure and additional tariffs, India is now insisting on further strengthening its relations with Russia and China in the changing global scenario.