Context
Economic Survey (FY26) notes that India is diversifying crude-oil import sources to reduce geopolitical risk exposure.
Key facts
• Rising imports from: Libya, Egypt, Brazil, U.S., Brunei
• Declining imports from: Russia, Saudi Arabia, Iraq, Venezuela
Import-share changes (Apr–Nov FY26 vs previous year)
• U.S.: 4.6% → 8.1%
• UAE: 9.4% → 11.1%
• Libya: 0.1% → 0.5%
• Egypt: 0.3% → 1.4%
• Nigeria: 2.2% → 3.3%
