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India’s Oil Strategy Holds Firm Amid Sanctions Threat, Eyes Brazil for Diversification

Updated: July 17, 2025 11:11

Image Source: Ganjbasoda
India’s Petroleum Minister Hardeep Singh Puri has reaffirmed the country’s confidence in navigating global energy volatility, asserting that oil markets remain well supplied and prices are expected to fall despite mounting geopolitical pressure. His remarks come amid threats of secondary sanctions from the United States targeting nations that continue importing Russian oil.
 
Key highlights:
  • India currently imports over 1.6 million barrels of Russian crude daily, accounting for nearly 35 percent of its total oil needs.
  • Puri emphasized that Russian oil is not under global sanctions but subject to a price cap, which India adheres to.
  • He dismissed concerns over USled secondary sanctions, stating there is no pressure and India will continue sourcing oil from wherever it is available at fair terms.
Diversification efforts:
  • India is actively expanding its energy partnerships, with crude imports from Brazil rising 80 percent in H1 2025.
  • The government has held multiple diplomatic meetings with Brazilian officials and Petrobras to secure longterm supply contracts and explore offshore exploration collaborations.
  • Crude imports from the US also surged 51 percent in the same period, reflecting India’s pivot toward nonOPEC suppliers.
Strategic Outlook:
  • Puri warned that removing Russia’s 9 million barrels/day from global supply would trigger chaos and push prices to $130/barrel.
  • India’s diversified sourcing strategy includes West Asia, Brazil, and the US, ensuring resilience against supply shocks.
  • The minister reiterated India’s commitment to energy affordability, availability, and sustainability.
Sources: Firstpost, Financial Express, CNBC TV18, Business Standard, Indian Express.

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