India’s crude oil import reliance remains at 90% despite a drop in overall primary energy import dependence to 42%.
India’s crude oil import dependence held steady at 90% of total demand in the financial year 2025, an industry report revealed. The country’s overall primary energy import reliance fell to 42% from 47% in FY 2017, but oil imports continued to dominate consumption.
The report highlighted that while progress was made in reducing broader energy import dependence, India’s oil sector remains heavily exposed to global supply chains. No significant shift in domestic production or alternative energy adoption was noted for the period.
Markets may monitor the data for potential implications on trade balances and currency stability amid persistent import costs.