New Delhi, Aug. 29 -- In August 2025, Indian refiners substantially ramped up purchases of U.S. crude oil, spurred by competitive pricing and an opportune arbitrage window, in a strategic move aimed at reducing the trade deficit with the United States.

The surge comes amidst escalating trade tensions, including a recent doubling of U.S. tariffs on Indian exports from 25% to 50%, tied to India's continued purchase of Russian oil.

State-owned Indian Oil Corporation (IOC) led the charge by acquiring 5 million barrels of U.S. West Texas Intermediate (WTI) crude, slated for delivery in October and November.

Bharat Petroleum Corporation (BPCL) secured 2 million barrels, while Reliance Industries purchased another 2 million barrels from trade...