New Delhi, Nov. 28 -- With sanctions on Rosneft and Lukoil in place since 21 November, import of Russian oil by India is expected to drop by about 47% to around 1 million barrels per day, said sector experts.

Data from global ship tracking firm Kpler said so far in November (as of 27 November) imports from Russia were 1.9 million barrels per day. Oil supplies from Russia to India have averaged around 1.6-1.8 million barrels per day in the past few years.

The drop in imports from Russia is expected to bring about a shift in India's energy import basket, as Russia has been the top supplier of oil to India since FY23, following the West's restrictions on the purchase of Russian oil and suppliers' offers of deep discounts.

"Looking ahead, ...