India's Energy Security Architecture
India is the world's third-largest energy consumer and imports over 85% of its crude oil requirements. Energy security — ensuring affordable, reliable, and diversified supply — is a core component of India's economic planning under the Integrated Energy Policy framework. The diversification of suppliers is a stated objective, yet price sensitivity is paramount given that India's fuel subsidy burden and current account balance are directly affected by import costs.
- India's petroleum import bill runs into hundreds of billions of dollars annually, making per-barrel pricing a macroeconomic variable, not just a procurement decision.
- Prior to 2022, Russia supplied less than 2% of India's crude; post-Ukraine war, this surged to over 35% at peak, driven entirely by discounted pricing.
- The government uses instruments such as the Strategic Petroleum Reserve (SPR) — with facilities in Vishakhapatnam, Mangalore, and Padur — for short-term supply shock mitigation.
● Tracked since February 06, 2026 · last seen July 05, 2026 · updates as the daily brief publishes
15 Jun '26
Indian LNG carrier safely crosses Hormuz, first since US-Iran ceasefire
International Relations
24 Apr '26
Oil prices up 1% amid continued stalemate on US-Iran talks, closure of Strait of Hormuz
Economics
14 Apr '26
Modi, Trump discuss Strait of Hormuz security amid West Asia tensions
International Relations
31 Mar '26
India may pivot to the US as conflict clouds availability of LPG from West Asia
Economics
26 Mar '26
India among five nations granted passage through Strait of Hormuz by Tehran
International Relations
22 Mar '26
Group of Ministers, Secys to be formed to deal with critical needs of citizens
Polity & Governance
21 Mar '26
Refiners in India, elsewhere in Asia look to buy Iranian oil after U.S. waives sanctions
Economics
Plus 16 earlier mentions since February 06, 2026.
International Relations
Strait of Hormuz
International Relations
Strategic Petroleum Reserves (SPR)
International Relations
Oil Price Transmission Mechanism
International Relations
India's West Asia Policy
International Relations
India-Iran Relations
International Relations
Strait of Hormuz as a Strategic Chokepoint
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