India's Energy Security and Import Dependency
India is the world's third-largest oil consumer and importer, with crude oil import dependency reaching approximately 88-89% in FY 2024-25. India imported about 242.4 million tonnes of crude oil in FY 2024-25, consuming 4.7-5 million bpd. This structural dependency makes India highly vulnerable to global oil price volatility, supply disruptions, and geopolitical pressure from both oil-exporting and sanctioning nations.
- India's crude oil import dependency: ~88-89% (FY 2024-25)
- Top suppliers historically: Iraq, Saudi Arabia, Russia, UAE, Kuwait
- Russia rose from a negligible supplier pre-2022 to India's top crude supplier by 2023 due to deep discounts
- India's Strategic Petroleum Reserves (SPR): 5.33 million tonnes at Visakhapatnam, Mangaluru, and Padur
● Tracked since February 16, 2026 · last seen June 08, 2026 · updates as the daily brief publishes
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