India’s crude oil import dependency hits record high, likely to rise further
India’s dependence on imported crude oil reached 88.2% in the first 11 months of the current financial year (FY25), surpassing last year’s levels and indicating a potential all-time high for the full fiscal year. Data from the Petroleum Planning & Analysis Cell (PPAC) of the oil ministry shows an increase from 87.7% in the same period of FY24 and 87.8% for the entire FY24.
The rising dependency on imports is driven by growing energy demands across sectors, including transportation, petrochemicals, and aviation, while domestic crude oil production remains stagnant. India’s oil import reliance has steadily increased over the years, except for FY21, when COVID-19 slowed demand.
Government efforts to reduce import dependency, including policy reforms and incentives for domestic oil exploration, have had limited success. The Oilfield (Regulatory and Development) Amendment Bill, recent biofuel blending initiatives, and electric mobility promotion have yet to significantly curb petroleum demand growth.
India imported 219.9 million tonnes of crude oil between April and February, up from 213.4 million tonnes in the same period last year. Meanwhile, domestic oil production declined to 26.2 million tonnes from 26.9 million tonnes. With domestic crude oil covering only 11.8% of total petroleum product consumption, self-sufficiency remains low.
The country’s crude oil import bill for the April-February period stood at $124.7 billion, a nearly 3% increase year-on-year. As the world’s third-largest consumer and a key importer of crude oil,
India’s demand is expected to continue rising, with petroleum product consumption projected to grow by 4.7% in FY26, reaching 252.93 million tonnes. Refinery capacity is set to expand further, with the country’s current capacity standing at nearly 257 million tonnes per annum.
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Mass funeral of four brothers leaves UAE community in mourning after fatal road accident
Report: Thufail Muhammad Abudhabi
Dubai: The funeral of four young brothers who died in a tragic road accident near Abu Dhabi drew hundreds of mourners to the Al Qusais cemetery on Tuesday evening, leaving the UAE’s expatriate community in deep shock and grief.
The children Ashaj (14), Ammar (12), Azaam (8) and Ayyash (5) were the sons of Abdul Latheef and Ruksana, natives of Kerala’s Malappuram district. The family was returning to their Dubai residence after attending the Liwa Festival on the outskirts of Abu Dhabi when their car met with a fatal accident early Sunday morning.
Three of the children died on the spot, while Azaam succumbed to his injuries on Monday evening during treatment. The family’s domestic helper, Bushra Fayaz (49), also lost her life in the crash. Her body was repatriated to India on Monday night, and funeral rites were held in Kerala on Tuesday.
Abdul Latheef, who sustained injuries in the accident, arrived at the cemetery from Abu Dhabi in a wheelchair, his hand in a sling, to attend the burial of his sons. Mourners described the scene as one of the most heartbreaking they had ever witnessed.
“I have never seen the mass burial of children from the same family. It was devastating for everyone present,” said a social worker who assisted the family.
The couple’s only daughter, Izza (10), survived the accident with minor injuries and is undergoing treatment. Unaware of the loss of her brothers, she was seen playing on a mobile phone from her hospital bed.
Relatives said informing the parents about the tragedy was handled with extreme care. Abdul Latheef was told late on Sunday night, while Ruksana who had undergone surgery for an injury to her hand was informed only on Tuesday after counsellors were brought in to break the news professionally.
Before the burial, the parents were allowed to see their children one last time. Ruksana was taken by ambulance to the mortuary, while Abdul Latheef obtained special permission for temporary discharge from hospital to attend the funeral. Ruksana remained hospitalised with her daughter.
Though the family holds Ras Al Khaimah visas, special permission was obtained to conduct the burial in Dubai, where the family resides and where most relatives are based. Community members expressed gratitude to the Dubai authorities for facilitating the process.
Abdul Latheef runs a business in Ras Al Khaimah, while Ruksana works as a property consultant in Dubai. All five children were students of Arab Unity School in Dubai, following the British curriculum. The school management issued a circular to parents outlining measures to support students and families affected by the tragedy and advising on how to discuss the loss sensitively with children.
The cause of the accident has not yet been officially confirmed by Abu Dhabi Police. Public discussions have pointed to possible factors such as dense winter fog and overspeeding, though authorities are yet to release findings.
