India's 60% Crude Sourcing From Routes Other Than Hormuz: Govt Sources Deny Shortage Fears

India's crude oil supply remains stable despite the ongoing closure of the Hormuz Strait, according to senior government officials. Reports indicate that only 40% of India's crude imports pass through this strategic waterway, with the remaining 60% sourced via alternative routes. Officials have assured that the country has sufficient inventory, with reserves of crude and fuel maintained for approximately 3 to 4 weeks. This assurance comes amidst growing concerns over potential supply disruptions due to geopolitical tensions in the region. The Indian government is actively monitoring the situation and has emphasized its commitment to ensuring energy security. As the world's third-largest oil consumer, India has been diversifying its sourcing strategies to mitigate risks associated with reliance on critical chokepoints like the Hormuz Strait, which is vital for global oil trade. The proactive measures taken by the government reflect an understanding of the need for resilience in the face of fluctuating global oil markets and regional instability.