India's Energy Import Dependence and Vulnerability
India is structurally dependent on imported hydrocarbons: it imports approximately 90% of its crude oil requirements, over 66% of its LPG, and over 50% of its LNG. West Asia is the dominant sourcing region. About 46% of total oil and gas imports originate from West Asia, including Qatar (LNG), Saudi Arabia, UAE, Iraq, and Kuwait (crude). Approximately 60% of India's LNG and around 40% of its crude oil transit the Strait of Hormuz specifically. India holds strategic petroleum reserves (SPR) and maintains oil stock coverage of 6–8 weeks under normal conditions.
- India's crude oil import bill: approximately $70 billion from West Asia in 2025
- LNG imports from West Asia: ~68% of total LNG imports (2025)
- India consumed approximately 5.22 million barrels per day of crude oil in early 2026
- Strategic reserves provide 6–8 weeks of coverage; LNG reserves are tighter at 2–3 weeks
- Russia's share of crude imports fell from ~35–40% peak to ~20–23% by early 2026 due to OFAC sanctions
● Tracked since March 06, 2026 · last seen May 26, 2026 · updates as the daily brief publishes
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