India closely monitoring energy markets and potential supply disruptions

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New Delhi: The Government of India is closely monitoring global energy markets as well as potential energy supply disruptions as a fall out of the evolving geopolitical situation, said the Ministry of Petroleum & Natural Gas on Saturday.

With a view to ensuring energy justice for its citizens and for just energy transition towards a net-zero future, India stands ready to take appropriate action for ensuring ongoing supplies at stable prices.

India is also committed to supporting initiatives for releases from Strategic Petroleum Reserves, for mitigating market volatility and calming the rise in crude oil prices, read a press note from PIB.

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