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 ...

According to Moody's report, India will increase the demand for oil in the next decade. China's slow economy and increasing ...

which depends on imports for more than 88% of its oil consumption. India’s crude import dependence hit a record high of 88.2% in the April 2024 to February 2025 period and set a record high in ...

(IE) India on Thursday ... with state-run Indian Oil Corporation (IOC), becoming the third country to do so. The domestic production is likely to reduce India’s import dependency.

(Image/Reuters) India’s crude ... crude purchase amid rising import dependency. Now the latest US sanctions on Russia have also posed a threat to India’s crude oil supply which may result ...

India's crude oil imports increased by seven per cent year-on-year (YoY) in April 2024 and the net import bill for oil and gas hit $12.3 billion, compared to $10.1 billion in the corresponding ...

According to the latest oil ministry's Petroleum ... the previous financial year. Also Read: India's crude oil import bill drops 16% in FY24, import dependence soars to 87% But the world's third ...

India's crude oil import dropped 16% in the fiscal year ended March 31 due to lower international rates, but the dependency on overseas suppliers rose to a new high, official data showed.

India’s dependency on imports of oil and oil-equivalent-gas, which stood at 78.6 per cent in FY23, is expected to rise beyond 80 per cent in the next four years, Parliament was informed on Thursday.

India’s import dependence is rising ... Meanwhile, domestic oil production declined slightly to 21.6 million tonnes from 22 million tonnes, according to the latest data from the Petroleum ...