"India continues to be one of the largest buyers of Venezuelan crude oil. Indian companies procure over 400,000 barrels per day. Of course, we are closely following the situation there, but the trading continues", the source said.
The source said that Delhi was planning to maintain cooperation with Venezuela in the energy sector.
"We will do our best to make sure that no country-specific sanctions will undermine our energy security", the source added.
Other countries, including Russia, China, and Turkey, have vowed to back the legal government of President Nicolas Maduro.