As war in Iran sends shockwaves through international energy corridors, India remains insulated with robust petroleum reserves. Crude oil, refined products like petrol and diesel, plus LPG cylinders are well-stocked, according to top officials.
The nation’s buffers surpass volumes potentially stranded in the Hormuz Strait. Oil majors are swiftly pivoting to alternative import routes beyond the Gulf, ensuring seamless availability.
Russia’s role has been transformative. From negligible shares pre-2022, it now accounts for one-fifth of India’s crude needs—10.4 lakh barrels daily in February alone. This shift has proven vital amid escalating regional strife.
False alarms about Mangalore Refinery (MRPL) closures have been quashed. Refineries churn out LPG at peak levels, with mandates to maximize production from key feedstocks. Consumers face zero risk of rationing.
Petroleum Minister has instructed full-throttle domestic prioritization. Qatar’s LNG hiccups notwithstanding, India’s energy arsenal is fortified. Backup plans include petrochemical repurposing, guaranteeing stability as global markets wobble.