India is rapidly diversifying its oil imports, increasing purchases from Russia and turning to suppliers in Africa and beyond as disruptions hit Middle East supply routes.
The shift comes as instability around the Strait of Hormuz has significantly reduced oil flows, a major concern for India, which typically sources about half of its crude through this route.
Recent data shows India sharply increased Russian imports to nearly 2 million barrels per day in March, making Moscow its top supplier again. Meanwhile, shipments from the Middle East dropped sharply due to ongoing geopolitical tensions and supply disruptions.
To manage the shortfall, Indian refiners have also revived sourcing from African nations such as Angola, along with exploring supplies from countries like Iran and Venezuela. Analysts say this strategy reflects India’s urgent need to secure energy supplies amid global uncertainty.
Experts warn that India remains vulnerable due to its heavy dependence on imports and relatively limited oil reserves compared to other major economies. However, diversified sourcing has helped the country avoid severe fuel shortages so far, even as neighbouring regions face supply pressures.
The ongoing crisis highlights how geopolitical tensions are reshaping global energy trade, with India’s rapid shift seen as one of the most significant market adjustments in recent months.
