‘No scarcity of vitality in India’: Union minister Hardeep Singh Puri amid provide issues as a consequence of US-Iran warfare | India Information
NEW DELHI: Union minister for petroleum and pure gasoline, Hardeep Singh Purion Friday sought to allay public issues about vitality availability, stating that there’s “no scarcity of vitality in India” and no cause for shoppers to fret amid ongoing geopolitical tensions in West Asia.In a publish on X, the minister stated, “In my common interplay with members of the fourth property right now, we mentioned numerous facets of India’s uninterrupted vitality imports regardless of geopolitical challenges. Our precedence is to make sure availability of reasonably priced and sustainable gasoline for our residents, and we’re doing it comfortably. There isn’t any scarcity of vitality in India and there’s no explanation for fear for our vitality shoppers.”The feedback come towards the backdrop of tensions in West Asia, which have raised world issues about potential disruptions in crude oil flows by the strategically vital Strait of Hormuz. Authorities sources cited by the ANI described India’s oil, petroleum merchandise and LPG provides as being in a “very comfy place”.
Officers highlighted that India has considerably diversified its crude import basket lately. Since 2022, imports from Russia have risen sharply. In February, round 20 per cent of India’s whole crude imports — roughly 1.04 million barrels per day — got here from Moscow.State-run Indian Oil Company dismissed social media posts alleging gasoline shortages as “baseless”, asserting that shares are enough and distribution networks are functioning usually. The corporate urged residents to not panic or crowd gasoline stations and to depend on official sources for correct data.The sources added that every one main refineries, together with LPG models, have been instructed to extend output to make sure ample availability nationwide. India has additionally began importing LPG from america, with public sector companies signing a one-year contract in November 2025 to buy round 2.2 million tonnes each year from the US Gulf Coast for 2026.