India's Energy Security and the Hormuz Dependency
India's energy security calculus has always included the Hormuz risk. As the world's third-largest oil importer, India's economic stability is directly tied to the uninterrupted flow of crude oil through this waterway.
- Approximately 50% of India's crude oil imports and a significant share of its LNG imports transit the Strait of Hormuz.
- India's Strategic Petroleum Reserve (SPR) at Visakhapatnam, Mangalore, and Padur provides approximately 17-18 days of crude oil coverage — far below the IEA standard of 90 days.
- India's refinery throughput depends on a steady stream of crude imports; any supply disruption cascades quickly into domestic fuel prices.
- India has been diversifying its crude basket: US crude (WTI), Russian crude (Urals, ESPO), African crude (Nigerian, Angolan), and Australian LNG have all grown as alternatives to Middle East supply.
- The Ministry of Petroleum and Natural Gas maintains emergency protocols and has the authority to dip into SPR and direct refiners to alternate sources in crisis situations.
● Tracked since March 06, 2026 · last seen April 10, 2026 · updates as the daily brief publishes
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