New Delhi, March 22: Prime Minister Narendra Modi chaired a high-level review meeting to assess the situation across petroleum, crude oil, gas, power, and fertiliser sectors, amid escalating geopolitical tensions in West Asia.
The meeting focused on ensuring uninterrupted supply, strengthening logistics, and streamlining distribution systems to prevent disruptions in essential services. Officials briefed the Prime Minister on current fuel availability and measures being undertaken to safeguard India’s energy security.
The government is closely monitoring global developments and has initiated proactive steps to shield consumers and industries from volatility in international energy markets. Efforts include maintaining adequate reserves and reinforcing supply chains to mitigate risks arising from geopolitical uncertainties.
The review comes as global energy markets remain volatile due to ongoing tensions in West Asia, a region critical to global oil and gas supply. Concerns over potential disruptions in key maritime routes such as the Strait of Hormuz—a major conduit for global energy trade—have further heightened risks.
In parallel diplomatic engagement, Modi recently spoke with Masoud Pezeshkian, emphasising the need for regional peace, stability, and the uninterrupted functioning of international shipping lanes.
To reduce dependence on the Gulf, India has diversified its energy import basket, increasing procurement from countries including the United States, Russia, and African suppliers such as Nigeria. Officials indicated that a significant share of India’s oil imports now originates from non-Gulf sources.
The government has also ramped up efforts to secure LPG supplies, including sourcing from the United States, to address potential shortages. Despite concerns, officials confirmed that there has been no disruption at the consumer level, with demand reflected in rising online bookings.
The developments underscore India’s strategic push to enhance energy resilience and maintain supply stability amid evolving global uncertainties.
