India Crude Oil Import Data: Top Importers, Suppliers & HS Codes
Were you aware? India imports a large share of its crude oil requirements from international markets due to limited domestic production. With the country’s strong and consistent economic growth, its energy demand is expected to rise faster than any other major economy in the world . By 2035, India’s primary energy demand is expected to grow twice as fast as the global average. In this blog, we will cover: India crude oil import data (2023–2025) Leading crude oil suppliers to India HS codes for crude oil imports Top crude oil importing countries worldwide India’s top crude oil importers and refiners India Crude Oil Import Data (2024–25) According to government data, in FY 2024–25 , India’s crude oil imports rose by 4.2% , reaching 242.4 million tonnes (MT) . India’s import dependency rose marginally to 89.1% in March 2025 , up from 88.6% a year earlier . India Crude Oil Import Data (2023–24) In FY 2023–24 (April 2023 to March 2024) , India’s crude oil imports to...