Last Updated: October 21, 2026

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  • Tag: Oil Procurement Policy

    India’s Changing Oil Procurement Policy

    India meets 85 to 90 percent of its crude oil needs through imports. India imports most of its oil from Russia, the US, and Middle Eastern countries. Brazil is also a major oil supplier to India. During the economic crisis following the COVID-19 pandemic, Russia provided significant support to India by supplying oil. Firstly, Russia.