business
India's Crude Import Dependence Rises to Record 88.7%
Archived — last updated
India's dependence on imported crude oil has touched a record 88.7% in 2025-26, even as domestic crude oil production continues to decline. The government has informed the Rajya Sabha of this development.
Latest updates
India's Crude Import Dependence Rises to Record 88.7%
India's dependence on imported crude oil has touched a record 88.7% in 2025-26, according to a written reply by Minister of State for Petroleum and Natural Gas Suresh Gopi to a question by Trinamool Congress MP Derek O'Brien. The government has informed the Rajya Sabha of this development, stating that India's import dependence has steadily increased over the last few years. Domestic crude oil production continues to decline, contributing to the rise in import dependence.
Sources
AI-assisted summary of the reporting above. Quotes are kept to one sentence. Copyright concern? See our DMCA takedown page.
Topics
Related stories
India raises fiscal year growth forecast to 7.3% amid Middle East instability
India's Ministry of Finance expects India's economy to grow at a pace of 7.3% in the current fiscal year based on its latest assessment of
EU Industrial Accelerator Act risks hurting auto suppliers in Turkey and Morocco
EU's new Industrial Accelerator Act risks hurting auto suppliers in Turkey and Morocco by restricting subsidies to European-made vehicles.
US sanctions target Iran's rail sector as Tehran shifts cargo to overland corridors
US sanctions target three Iranian railway companies and related automakers as Tehran shifts cargo to overland corridors.