New Delhi, India | March 26, 2026
Amid rising concerns over global energy disruptions triggered by the escalating Iran conflict, India has assured that it has sufficient fuel reserves to avoid any immediate shortage.
The Ministry of Petroleum and Natural Gas (MoPNG) announced that the country currently holds crude oil supplies for approximately 120 days, combining 60 days of secured imports and 60 days of existing reserves.
LPG Supply Stable, Dependence on Imports Reduced
The government also addressed concerns around cooking gas availability, stating that:
- LPG supply is secured for at least one month through imports
- Domestic LPG production is now exceeding import requirements
This shift significantly reduces India’s dependence on foreign LPG sources and helps stabilize supply chains during global volatility.
Buffer to Counter Strait of Hormuz Risks
The assurance comes as tensions escalate around the Strait of Hormuz, a key route for global oil shipments that has faced threats amid the ongoing conflict involving Iran, the United States, and Israel.
Disruptions in this corridor could significantly impact global oil flows and prices, making India’s stockpiling strategy critical.
Government Steps to Prevent Panic and Stabilize Markets
Officials emphasized that continuous procurement and strategic reserves are being maintained to:
- Prevent panic buying
- Stabilize domestic fuel markets
- Ensure uninterrupted supply of petrol, diesel, and LPG
The government’s proactive measures are aimed at shielding consumers and industries from global price shocks and supply disruptions.
Energy Security Becomes Strategic Priority
Under the leadership of Narendra Modi, India has intensified diplomatic and strategic efforts to secure energy supplies.
With the Iran conflict continuing to create uncertainty in global markets, energy security has become a central focus of policy planning.
