India is actively diversifying its crude oil import sources by increasing purchases from Latin America and Africa as tensions in West Asia continue to threaten global energy supply chains and shipping routes. Indian refiners are exploring alternative suppliers to reduce dependence on the Gulf region amid growing concerns over possible disruptions in the Strait of Hormuz, a critical chokepoint for global oil trade.
State-run and private refiners have reportedly stepped up spot purchases from countries such as Brazil, Guyana, Nigeria, and Angola to secure stable crude supplies. The move comes as freight rates, insurance premiums, and geopolitical risks in West Asia continue to rise following the ongoing regional conflict.
India imports nearly 85% of its crude oil requirements, with a major share traditionally sourced from Iraq, Saudi Arabia, the UAE, and Kuwait. However, escalating tensions in the region have prompted refiners to reassess procurement strategies and expand sourcing options to ensure uninterrupted supply and price stability.
Industry analysts said Indian buyers are likely to maintain a diversified sourcing strategy in the coming months, particularly if uncertainty in West Asia persists. Shipping companies and energy traders are also closely monitoring developments around key maritime trade routes, including the Red Sea and the Strait of Hormuz, which remain vulnerable to disruptions.
Despite the shift, Gulf producers are expected to remain important suppliers for India due to geographical proximity and long-term trade relationships. However, the current situation has accelerated India’s efforts to build greater resilience in its energy import network and reduce exposure to regional geopolitical shocks.
