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Diversification of India’s Energy Basket
March 13 , 2026
14 hrs 0 min
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- India is exploring new energy sources and diversifying crude oil imports due to the Strait of Hormuz disruptions amid the Iran–Israel conflict.
- India has started importing crude oil from about 40 countries to strengthen energy security.
- Around 60% of India’s crude imports now arrive through alternate routes.
- India imported nearly 300 million metric tonnes of crude oil and petroleum products in 2024–25.
- The country meets about 88% of crude oil needs and 51% of gas demand through imports.
- India signed a $3 billion Liquefied Natural Gas deal with the United Arab Emirates.
- Indian Strategic Petroleum Reserve Limited maintains Strategic Petroleum Reserves (SPR) at Visakhapatnam, Mangaluru, and Padur (Udupi, Karnataka).
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