Speaking in New Delhi, the Union Minister said India’s crude oil supply is still stable and secure despite tensions in West Asia disrupting global energy routes.
India’s Crude Oil Supply Is Secure
Puri said India had secured enough crude oil supplies from various partner countries of the world to make up for the dislocations associated with the Hormuz crisis.
“The world has not seen a moment like this in modern energy history. But India’s place in the crude supply chain is secure, and the secured order volume is greater than the Strait of Hormuz would have provided,” he said.
Pre-crisis, nearly 45 per cent of India’s crude oil imports had been through the Strait of Hormuz — one of the world’s most essential oil shipping lanes.
But Puri credited Narendra Modi’s diplomatic outreach and strong international partnerships for helping India secure alternative supplies.
India Diversifies Its Oil Sources
The government indicated that India has significantly increased crude imports from non-Hormuz route countries.
Today, approximately 70 percent of India’s crude imports are made from non-Hormuz routes, up from 55 percent before the recent geopolitical turmoil, including the Iran–Israel conflict.
India has also grown its energy alliances worldwide.
India imported crude oil from 27 countries in 2006–07.
That has increased to approximately 40 countries today.
This diversification strategy has kept the country resilient to global energy disruptions.
Refineries Running at Full Capacity
Puri also confirmed that the Indian refineries were functioning at very high levels of capability and some are running at over 100% utilisation as per domestic demand.
Although fuel supplies — for example, petrol, diesel and LPG — are stable throughout India despite the global crisis.
Government Urges Citizens Not to Spread Rumours
The minister also cautioned the public against circulating false information on fuel shortages.
“We urge everyone not to create fake narratives. India has secure and stable energy supplies.” With strategically balanced diversification and global partnerships in place, the government remains confident that the country will weather the current global energy turbulence without disruption,” he said.