India faces increasing petroleum vulnerability, with EY urging strategic crude oil reserves expansion and reduced import dependence to mitigate external economic risks.
Petroleum is one of India's biggest external risks
Jun 28, 2026
04:59 pm
What's the storyIndia's dependence on imported crude oil has crossed the 90% mark, a trend that could make the economy more vulnerable to external shocks, according to a recent report by EY.
The study, titled "India's Petroleum Economy: Coping with Vulnerabilities," warns that petroleum is one of India's biggest external risks.
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