New Delhi: A devastating earthquake in Venezuela has raised concerns over whether it could disrupt crude oil supplies and lead to higher petrol and diesel prices in India.

While the South American nation has emerged as a key crude supplier to India in recent months, there is no immediate indication that the disaster will trigger a fuel crisis.

Venezuela was struck by twin earthquakes measuring 7.2 and 7.5 in magnitude within 39 seconds, flattening buildings, damaging roads and leaving over 100 people dead and more than 1,000 injured.

The scale of destruction sparked fears that the country's oil infrastructure, including refineries, pipelines and export terminals, may have been affected.

However, according to Reuters, Venezuela's largest oil facilities have escaped major damage and crude production remains largely unaffected. There have also been no reports of disruptions to crude exports so far.

The development is significant for India, which has sharply increased crude oil imports from Venezuela following supply disruptions caused by the Iran-US conflict.

According to the Ministry of Petroleum and Natural Gas, Venezuela emerged as India's largest crude oil supplier during April and May.

India imported around 64,000 metric tonnes of Venezuelan crude during the entire 2025-26 financial year. In contrast, imports crossed 1 million metric tonnes in just the first two months of the 2026-27 financial year, highlighting India's growing reliance on the Latin American nation.

Venezuelan heavy crude is particularly valued by Indian refineries for its suitability in processing.

Despite concerns, experts say there is no immediate threat to India's fuel security.

The country sources crude oil from more than 35 nations, with Russia remaining the largest supplier, followed by Iraq, Saudi Arabia, the United Arab Emirates, the United States, Brazil and several others.

With no major damage reported to Venezuela's oil infrastructure and India's diversified crude import basket, there is currently little likelihood of an immediate spike in petrol and diesel prices or a fuel supply crisis.

However, any prolonged disruption to Venezuelan exports could influence global crude markets and may have an indirect impact on fuel prices in the future.