Source HT
The Indian government has assured citizens and industries that the country’s crude oil supply remains secure despite rising concerns over potential disruptions caused by tensions around the Strait of Hormuz. Officials stated that adequate measures are in place to ensure energy security and prevent shortages in the domestic market.
According to government sources, India has sufficient crude oil reserves and diversified supply arrangements with multiple international partners. Authorities emphasized that the country continues to receive steady shipments of crude oil and petroleum products, reducing the risk of any immediate supply disruption.
The reassurance from the Centre comes amid global worries that instability in the region could affect oil shipments through the Strait of Hormuz, one of the world’s most crucial oil transit routes. A significant portion of global crude oil trade passes through this narrow waterway, making it highly sensitive to geopolitical tensions.
Officials also highlighted that India has strengthened its strategic petroleum reserves over the years, allowing the country to manage short-term disruptions if they occur. In addition, the government has been working to diversify energy imports from different regions to reduce dependence on any single route or supplier.
Energy experts noted that while global markets may experience temporary volatility due to uncertainty in the Middle East, India’s proactive planning and storage capacity provide a buffer against sudden shocks.
The Centre reiterated that it is closely monitoring developments in the region and coordinating with oil companies to ensure uninterrupted fuel supply across the country. Authorities urged citizens not to panic, assuring that there is no immediate threat to fuel availability in India.
