Prime Minister Narendra Modi on Monday said India has put in place multiple measures to ensure that fuel supplies remain largely unaffected despite disruptions to shipping through the Strait of Hormuz following the ongoing conflict in West Asia.
Addressing the Lok Sabha, he said the movement of ships through the strait, a key route for India’s imports of crude oil, natural gas and fertilisers, has become highly challenging since the conflict began.
He said the government is taking steps to maintain the supply of petrol, diesel and gas and minimise the impact on domestic consumers.
The Prime Minister said India has diversified its crude import sources from 27 to 41 countries, reducing dependence on any single region.
He also said the country has built strategic petroleum reserves of over 53 lakh metric tonnes, with additional capacity under development, along with inventories held by oil companies.
Modi said the government is monitoring global supply chains and engaging with international partners to ensure the movement of energy cargo.
He added that several ships that were earlier delayed in the Strait of Hormuz have reached India in recent days.
The Prime Minister described the situation in West Asia as “concerning” and said the crisis has continued for over three weeks.
