Prime Minister Narendra Modi on Monday stated that India has significantly diversified its energy import sources, increasing the number of supplier countries from 27 to 41.
Addressing Parliament during the ongoing session, the Prime Minister emphasised that the move is aimed at ensuring uninterrupted fuel supply amid rising global uncertainties.
Focus on Stability Amid West Asia Tensions
Speaking on the ongoing crisis in West Asia, Modi described the situation as “worrisome” and highlighted its impact on the global economy and supply chains.
He noted that India has taken proactive steps to minimise disruptions and maintain stability in essential commodities such as petrol, diesel, and gas.
Strait of Hormuz Remains a Key Concern
A major concern for India continues to be the Strait of Hormuz, a crucial route for importing crude oil and other essential resources.
Despite challenges in maritime movement due to the conflict, the government has ensured that supply chains remain functional.
Assurance on Fuel and Power Supply
The Prime Minister reassured citizens that there is no immediate risk to fuel or electricity supply.
Key assurances include:
- Adequate coal stocks available for power generation
- Stable supply of petrol and diesel across the country
- Continued efforts to prevent shortages
He also warned against misinformation and black marketing, urging state governments to take strict action against such practices.
Government Prioritises Domestic LPG Needs
Highlighting India’s dependence on imports, Modi noted that around 60% of the country’s LPG requirement is sourced internationally.
To manage this:
- Domestic LPG consumers are being prioritised
- Efforts are underway to boost domestic production
- Supply chains are being closely monitored
Support for Citizens and Farmers
The Prime Minister emphasised that the safety of Indian citizens, especially those in conflict-affected regions, remains a top priority.
He also assured farmers that the government will continue to support them despite global disruptions.
Global Crisis Impact and India’s Preparedness
The ongoing conflict in West Asia has been affecting economies worldwide for over three weeks, influencing trade, energy prices, and logistics.
Modi reiterated that India is actively adapting to these challenges by diversifying imports and strengthening internal systems to ensure resilience.
