India’s 2025 Crude Oil Imports: Trends & Key Insights

India stands among the worlds largest importers of crude oil, primarily due to its limited domestic production and skyrocketing energy demands. With consistent economic growth, urban expansion, and industrial development, the nations appetite for energy is growing faster than that of any other major economy. According to forecasts, Indias share in global primary energy consumption is expected to double by 2035, making crude oil imports a cornerstone of its energy strategy.

In this article, well explore crucial topics including crude oil import data of India, major importers, updated HS codes, and how platforms like Eximpedia can help you discover reliable insights and global trade patterns. Well also briefly touch on Liberia import data, Liberia Buyers Data, Kenya Customs Data, and Kenya Import Data to offer a broader market overview.

Indias Surging Crude Oil Consumption: A Long-Term Trend

Indias oil consumption is projected to grow from 223 million metric tonnes (MMT) in FY23 to nearly 500 MMT by FY40. This rapid increase, driven by industrial output and transportation needs, reflects a CAGR of 4.59%. In terms of daily use, oil consumption is expected to climb from 4.05 million barrels per day (MBPD) in FY22 to 7.2 MBPD by 2030, and a staggering 9.2 MBPD by 2050.

Diesel demand, a critical component of industrial and commercial transportation, is projected to double to 163 MMT by 20292030. By 2045, diesel and petrol will comprise about 58% of Indias total oil consumption. This trajectory signals strong growth in urban infrastructure and energy-dependent industries, underscoring the importance of monitoring crude oil import data closely.

Indias Crude Oil Import Data: FY 202324 Overview

In FY 202425 (April 2024 to March 2025), crude oil import data of India reveals that the country imported 232.5 MMT of crude oil, closely mirroring the 232.7 MMT imported the previous year. However, the financial outlay saw a 16% decline, dropping from $157.5 billion in FY2223 to $132.4 billion. This drop was primarily due to more favorable foreign exchange rates and potentially improved sourcing strategies.

Indias reliance on foreign oil is climbing. In FY 202425, the countrys import dependency reached 87.7%. For instance, in April 2025 alone, India imported over 1.72 million barrels per day from Russiathe highest in nine months. This kind of data is essential for businesses analyzing crude oil importers in India or considering market entry.

Monthly Trends in Crude Oil Import Volumes

India recorded significant fluctuations in monthly import volumes during 2025. May marked a record high, with imports hitting 21.8 MMT, a 6% year-on-year rise. This uptick was triggered by refiners ramping up production to meet both export obligations and domestic fuel demands. The steady rise in crude oil import data emphasizes the need for Indian companies to diversify their sourcing and refine import logistics.

Where Does India Import Its Crude Oil From?

India's top suppliers of crude oil include-

• Iraq-$37.1 billion

• Saudi Arabia-$32.7 billion

• Russia-$25.5 billion

• United Arab Emirates-$14.8 billion

• United States-$10.8 billion

Iraq, in particular, has emerged as a dominant supplier, although its year-over-year export volume dipped slightly. Meanwhile, imports from the UAE and Saudi Arabia saw notable declines. Russia has significantly increased its share, especially as Indian refiners look for alternative pricing and supply strategies amidst geopolitical shifts.

If you're researching global sourcing, examiningLiberia import data, Liberia Buyers Data, Kenya Customs Data, Kenya Import Data andcan offer complementary insights into emerging markets and trade diversification opportunities.

Crude Oil HS Codes You Should Know

Understanding the right HS codes is critical for accurate documentation, compliance, and market analysis. Here are some important codes for crude oil and petroleum-related products:

• 2709-Petroleum oils and oils obtained from bituminous minerals, crude

• 2710-Petroleum oils (excluding crude), including lubricating oils

• 2707-Products from high-temperature coal tar distillation

• 27101980/90-Specific codes for lubricating oil and other variants

You can find the most up-to-date HS codes and product descriptions through Eximpedias trade intelligence tools, which also support advanced search features tailored to crude oil import data of India.

Top 10 Crude Oil Importing Countries (Global Outlook)

India ranks fifth among the worlds leading crude oil importers. The top nations by volume include:

1. China- 11.3 million barrels/day

2. Europe- 8.7 million barrels/day

3. United States- 6.5 million barrels/day

4. Other Asia Pacific regions- 5.8 million barrels/day

5. India-4.6 million barrels/day

With China and Europe leading the way, Indias consistent rise in oil consumption puts it firmly on the global energy map. This underscores the importance of strategic sourcing and effective market analysis using real-time crude oil import data.

Who Are the Top Crude Oil Importers in India?

The following companies dominate Indias crude oil import landscape-

• Reliance Industries (RIL)

• Indian Oil Corporation (IOCL)

• Bharat Petroleum Corporation Limited (BPCL)

• Hindustan Petroleum Corporation Limited (HPCL)

• Nayara Energy (Rosneft-backed)

• Oil and Natural Gas Corporation (ONGC)

• Bharat Oman Refinery Limited

• Chennai Petroleum Corporation

• Adani Welspun Exploration

• Tata Petrone Limited

These crude oil importers in India are known for their robust global networks, technological capabilities, and efficient refinery capacities. They play a crucial role in managing the nations energy stability and fuel supply.

Finding Reliable Crude Oil Importers in India

If you're a supplier or researcher looking to connect with crude oil importers in India, platforms like Eximpedia.app provide access to verified company profiles, HS code insights, and shipment data. Eximpedias powerful dashboard also includes analytics tools that track trends across over 100 countries. Whether you're interested in Kenya Import Data or Liberia Buyers Data, this all-in-one resource simplifies global market research.

Final Thoughts- Indias Energy Future Hinges on Smart Imports

Indias escalating demand for crude oil shows no sign of slowing. The countrys growing dependence on imports reflected in recent crude oil import data of Indiarequires businesses to act with agility, foresight, and precision. For importers, success will depend on selecting the right partners, monitoring supply chain dynamics, and staying updated on global developments.

In this high-stakes environment, leveraging platforms like Eximpedia.app can provide a competitive edge. From locating reliable crude oil importers in India to analyzing HS codes and global sourcing patterns, data-driven insights are more essential than ever.