On Monday, US President Donald Trump announced a trade deal with India to cut tariffs to 18% from 50% in exchange for New Delhi halting Russian oil purchases and lowering trade barriers. Indian refiners have been redrawing crude import strategies in recent months to shift away from top supplier Russia and boost imports from the Middle East.

In January, India imported 1.215 million barrels per day (bpd) of Russian crude, of which the Nayara refinery accounted for 0.41 million bpd, IOC took 0.58 million bpd, and BPCL took 0.19 million bpd, while Reliance imported no Russian crude last month, according to provisional data from analytics firm, Kpler.

India’s Russian oil imports in January were down by some 12% on a daily basis from last December, Reuters calculations showed. December oil imports dropped about 22% from November to1.38 million barrels per day.