India has significant reliance on imports to meet its energy requirements, with nearly 89% of the crude oil used being imported. This dependence extends to other key fuels as well, with about 50% of natural gas and approximately 59% of Liquified Petroleum Gas (LPG) needs met through imports. Moreover, India is also a major exporter of petroleum products, shipping around 65 million metric tonnes (MMT) annually. This is largely due to its strong domestic refining capacity, which is the fourth largest globally.
