India has increased its crude-oil sourcing base from 27 to 41 countries to ensure fuel availability and affordability [1].

This diversification effort aims to protect the Indian economy from volatile global energy markets. By reducing reliance on a small number of suppliers, the government seeks to prevent domestic price spikes during geopolitical crises.

Petroleum Minister Hardeep Singh Puri said the strategy included increasing imports from nations such as Russia and Venezuela [2]. This shift allows India to maintain a steady flow of energy despite disruptions in traditional shipping lanes or diplomatic tensions.

The minister addressed the potential for a worst-case war scenario, specifically regarding the Strait of Hormuz. He said India could manage a disruption in that region with its current reserves. While reports on the exact duration of these supplies vary, some estimates suggest 30 to 60 days of energy supplies [3], while other figures indicate fuel reserves equivalent to 76 to 80 days of consumption [4].

These measures are designed to shield consumers from the immediate impact of global energy shocks. By sourcing from a wider array of partners, the government can pivot its procurement strategy more flexibly as market conditions change.

The expansion from 27 to 41 sources represents a significant shift in India's energy security architecture [1]. This approach balances the need for low-cost crude with the necessity of supply chain resilience, a critical factor for the country's industrial growth.

“India expanded its crude-oil sourcing base from 27 to 41 countries”

India's transition to a more diversified import portfolio reduces its vulnerability to regional conflicts in the Middle East. By expanding its supplier network and maintaining strategic reserves, the government is attempting to decouple domestic fuel prices from the volatility of a few key geopolitical chokepoints.