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Petroleum Minister Hardeep Puri on Friday said there is no shortage of energy in India and there is no cause of worry for its energy consumers.
The minister discussed various aspects of India's uninterrupted energy imports despite geopolitical challenges with the media. "Our priority is to ensure availability of affordable and sustainable fuel for our citizens, and we are doing it comfortably. There is no shortage of energy in India and there is no cause of worry for our energy consumers," the minister posted on X. Indian Oil Corporation rubbished reports on social media suggesting a shortage of petrol and diesel, and termed them as baseless. "India has sufficient fuel stocks, and supply and distribution networks are functioning normally. IndianOil is committed to maintaining uninterrupted fuel supply across the country. Citizens are requested not to panic or crowd fuel stations and to rely only on official sources for accurate information," IndianOil posted on X. Earlier today, government sources said India is in a "very comfortable position" regarding crude oil, petroleum products and LPG supplies despite concerns over disruptions through the Strait of Hormuz. According to the sources, the country currently has access to more energy supplies from diversified sources than the volume that could potentially be impacted through the Strait of Hormuz. India's existing stock of crude oil and petroleum products is also adequate to meet domestic demand. Sources said the government is closely monitoring the situation and plans to ramp up supplies from alternative geographies to offset any potential supply constraints linked to the Strait of Hormuz. They highlighted that India has significantly diversified its crude import basket over the past few years. Since 2022, India has been importing crude oil from Russia. While Russia accounted for only 0.2 per cent of India's total crude imports in 2022, the share has risen substantially in the following years. "In February, India imported about 20 per cent of its total crude oil imports from Russia, amounting to around 1.04 million barrels per day," government sources said. On the LPG front, the government has directed all LPG refineries to increase production to ensure adequate availability across the country. Officials said India currently remains in a comfortable position regarding LPG stocks. LPG from US has started coming to India since January, the sources said. Indian PSU Oil companies in November 2025 has signed a one-year contract to import around 2.2 MTPA of LPG from the US Gulf Coast for the contract year 2026. (ANI)
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