India the 2nd most populous nation and the 7th largest country by area in the world has to procure 82% of its petroleum based requirement, making it the 3rd largest importer of crude oil after China and USA. According to Petroleum Planning & Analysis Cell which is the data keeper of Oil Ministry, the country imported 270 Million Metric Ton of crude oil valuing $120 billion in 2019-20. The amount is nearly 500% more than the average value of exports made by India in the corresponding year. Such a scenario shrouds mystery over the nation’s capability to safeguard its energy security, which is a must for any country intending to grow its economy because currently the crude oil accounts for more than one-fourth share in our total import basket.