India Demands $10 Discount on Russian Oil Amid Rising Sanctions Costs

India has requested Moscow to expand discounts on Russian crude to $10 per barrel below the Brent benchmark , citing rising risks and transaction costs tied to fresh Western sanctions, The Moscow Times reported on September 11.

Currently, Russian Urals crude is sold to India at an average discount of $6–7 per barrel. Indian refiners argue that this is no longer sufficient to offset higher expenses linked to shipping, insurance, and payments under the tightened sanctions regime.

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“Indian refiners are pushing for deeper discounts because the sanctions environment has become more complicated, and risk premiums are rising,” the publication noted, citing industry sources.

India has emerged as one of the largest importers of Russian oil since Western states imposed restrictions following the full-scale invasion of Ukraine. The demand for greater price concessions reflects growing challenges in sustaining the trade amid escalating financial and logistical barriers.

Earlier, it was reported that tariffs and sanctions are forcing Russia to deepen its price cuts on oil for India and China, with Urals crude now offered at about $7 per barrel discount compared to Oman’s oil.

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