International Journal For Multidisciplinary Research

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Crude Oil Imports in India: Trends and Transitions

Author(s) Ms. Jyoti Yadav, Mr. Mrityunjay Rao
Country India
Abstract An important aspect of India's energy policy and trade dynamics has been its reliance on imported crude oil. This dependence significantly impacts India's energy security and economic stability. As global oil prices change, India’s policies aim to make the country less vulnerable while promoting long-term growth. India's crude oil suppliers have changed over the past ten years because of changes in international sanctions, geopolitics, and market opportunities. India used to get most of its supplies from Middle Eastern countries, as Iran, Iraq, and Saudi Arabia. But, due to frequent sanctions on Iran and the conflict between Russia and Ukraine, India has had to change its trade partners, and now, Russia has become the top supplier. This study examines how India's crude oil imports have changed over time using data from the Ministry of Commerce and Industry, the Ministry of Petroleum & Natural Gas, and policy analyses from international groups (IEA). India's energy diplomacy has changed because of strategic pricing, diplomatic flexibility, and shocks from outside the country. The study also talks about how these changes will affect India's trade balance, energy security, and role in world politics.
Keywords Crude oil, energy security, dependency
Field Sociology > Economics
Published In Volume 7, Issue 4, July-August 2025
Published On 2025-07-07
DOI https://doi.org/10.36948/ijfmr.2025.v07i04.50538
Short DOI https://doi.org/g9s9nb
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