India's Energy Supplies Remain Secure Despite West Asia Conflict
India's Minister of Petroleum and Natural Gas Hardeep Singh Puri has assured Parliament that the country's energy supplies remain secure despite disruptions in global energy supply chains caused by the ongoing conflict in West Asia. The minister stated that India has taken multiple measures to safeguard its energy security, including diversifying its crude import sources.
Puri noted that before the crisis, 45% of India's crude imports passed through the Strait of Hormuz, but now 70% come from non-Hormuz sourcing. He added that alternative imports are helping offset shortfalls caused by disruptions from Gulf suppliers.
The minister emphasized that the government has prioritized supply for essential sectors and that there is no shortage of petroleum products in the country. He also stated that the Narendra Modi government's priority is to protect household cooking gas supply, with measures such as Delivery Authentication Codes for LPG deliveries and minimum booking gaps introduced to prevent hoarding.