The central government has assured that India’s crude oil supply remains secure despite rising concerns over potential disruptions following tensions around the Strait of Hormuz.
Officials said the country has sufficient crude oil reserves and diversified import sources to handle any short-term disruptions in global supply. The government emphasised that contingency plans are in place to ensure uninterrupted fuel availability across the country.
Authorities also noted that India imports crude oil from multiple regions, including the Middle East, Africa and the Americas, which reduces dependence on any single route or supplier. Strategic petroleum reserves maintained by the government are also expected to provide additional stability in case of market volatility.
The statement comes amid fears that escalating tensions in West Asia could affect shipping routes through the Strait of Hormuz, one of the world’s most important oil transit corridors.
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