Indian Oil executive Saumitra Srivastava said fuel security remains a central requirement for any serious energy transition, underscoring that cleaner energy goals must be supported by reliable supplies. Speaking at the Mint Sustainability Summit, he linked the transition debate to the practical need for stable access to energy as demand patterns evolve.
A key part of that argument is India’s crude sourcing strategy. Srivastava noted that the country’s oil imports have become more diversified over time, with supply now drawn from roughly 40 sources. That wider supplier base helps strengthen resilience and reduce dependence on a narrow set of origins.
He also said Indian Oil is working to green its own operations even as its customers move along different points of the energy transition curve. The comment suggests the company is trying to balance current fuel needs with a gradual shift toward lower-emission practices inside its business.
The broader message from the summit discussion was that transition planning cannot focus only on future energy systems. For large energy markets such as India, executives and policymakers continue to weigh sustainability goals alongside affordability, reliability and supply security.
