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The war in West Asia is the latest reminder of what reliance on fossil fuel imports can cost. India imports close to 88% of its crude oil requirements, while around half of its natural gas consumption comes from imports. Even before the current disruption, India’s fossil fuel import bill stood at over $180 billion. As things stand, despite crude imports falling 18%, India’s crude oil import bill has risen 26% year-on-year in the first quarter of FY 2026-27. India’s energy transition must, therefore, be treated as fundamental to its energy security. The objective must be to build an energy system…
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