India Diversifies Oil Supply, 75% Now Avoids Hormuz Strait

India has significantly diversified its crude oil supply following the ongoing conflict in West Asia and the blockade of the Strait of Hormuz. Government officials said that about 75% of India’s crude oil imports now come through routes outside the Strait, helping the country maintain stable energy supplies.

According to Sujata Sharma from the Ministry of Petroleum and Natural Gas, India’s oil supply remains secure even with disruptions in the region. She said the country consumes about 55 lakh barrels of crude oil every day, and the government has taken steps to ensure that this demand continues to be met.

Speaking during a briefing, Sharma said that the government and oil companies have increased efforts to buy crude from multiple sources around the world. Because of this diversification, the volume of oil India has secured is even higher than what would normally arrive through the Strait of Hormuz during the same period.

To reduce dependence on the key shipping route, India now imports crude oil from around 40 different countries. Earlier, a large portion of India’s oil shipments used to pass through the Strait of Hormuz, making the country vulnerable to disruptions in that region.

Officials said that India’s oil marketing companies (OMCs) have played an important role by securing crude shipments from several alternative suppliers. This strategy has helped increase the share of imports coming through other routes.

Earlier, about 55% of India’s crude oil imports came from routes outside the Strait of Hormuz. With the new diversification efforts, that number has increased to around 75%, giving the country greater flexibility and reducing the risks caused by geopolitical tensions.

Energy experts say this strategy strengthens India’s energy security and protects the country from sudden supply disruptions caused by conflicts or blockades in important shipping routes.

Officials added that the government will continue to monitor the global situation and take necessary steps to ensure stable oil supplies for the country’s economy and energy needs.