Where does India buy oil from?
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India, being the world's third-largest oil consumer and heavily reliant on imports (over 85% of its crude oil needs), diversifies its sources to ensure energy security and get the best prices. While the specific proportions can fluctuate monthly due to market dynamics, geopolitical events, and priciRead more
India, being the world’s third-largest oil consumer and heavily reliant on imports (over 85% of its crude oil needs), diversifies its sources to ensure energy security and get the best prices.
While the specific proportions can fluctuate monthly due to market dynamics, geopolitical events, and pricing, India’s main oil suppliers generally include:
Beyond these top players, India also imports oil from a range of other countries to further diversify its supply, including:
India’s strategy is to avoid over-reliance on any single region or country, ensuring it has options if one supply source is disrupted or becomes uneconomical.
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