India’s Oil Import Dependence Hits All-Time High ...Middle East

India’s dependence on crude oil imports is on track to set a record high in the fiscal year ending March 31, 2025, as Indian fuel demand continues to grow while domestic crude production remains flat. India imported 88.2% of the crude it consumed in the April 2024-February 2025 period, according to oil ministry data reported by The Indian Express. The import dependence has increased from 87.7% in the same period of the 2023/2024 fiscal year, the data showed. The Indian import dependence in the full 2023/2024 fiscal year averaged 87.8%. As…

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