Indian refiners are pulling back from Russian crude as discounts shrink to their lowest since 2022.

State-run refiners in India have halted Russian oil purchases in the past week due to shrinking discounts and mounting pressure from former US President Donald Trump’s threats of tariffs and sanctions.

Indian state refiners have stopped buying Russian oil in the past week as discounts narrowed this month and US President Donald Trump warned countries not to purchase oil from Moscow, industry...