India's Oil Import Dependence and Vulnerability
India is the world's third-largest consumer of crude oil, with import dependency at approximately 88–90 percent of consumption. Over 60 percent of India's crude imports originate from Persian Gulf countries, primarily Iraq, Saudi Arabia, UAE, and Kuwait — all of which depend on the Strait of Hormuz for export. Even with significant diversification towards Russian crude (36% of imports by 2024), roughly half of India's crude — 2.5–2.7 million barrels per day — still transits through Hormuz.
- India imports ~4.7–5 million barrels per day of crude oil
- Iraq is India's largest single crude supplier
- Russian crude's share of India's imports rose from 1% (2017) to ~36% (2024) following Western sanctions on Russia
- India imports ~60% of its LPG requirements; ~90% of that normally transits Hormuz
- India imports ~68% of its LNG from the Gulf, chiefly Qatar
● Tracked since April 06, 2026 · last seen April 28, 2026 · updates as the daily brief publishes
See it in today’s brief.
Daily current affairs with every static concept explained in place.
Read the daily brief