Archive · 27 Jul 2026

India's crude import dependence hits record 88.7%

India's crude import dependence hits record 88.7%

India's dependence on imported crude oil has reached a record high of 88.7% in 2025-26.

This is because the country's own oil production has been decreasing over the past five years.

The government has been trying to fix this by making new rules to encourage more oil exploration and production.

However, there are still challenges like old oil fields and difficult geological conditions that make it hard to increase production.

Despite these issues, state-run companies like ONGC and Oil India Ltd have managed to keep their production levels stable.

Sources