Prime Minister Narendra Modi on Tuesday delivered a strong message in Parliament, assuring the nation that India has sufficient crude oil reserves and robust systems in place to ensure uninterrupted fuel supply despite the ongoing West Asia conflict.
Addressing the Rajya Sabha, PM Modi highlighted that India is well-prepared to handle any global energy disruption, even as tensions continue to impact key trade routes like the Strait of Hormuz.
What did PM Modi say about oil reserves?
Narendra Modi stated that India’s strategic petroleum reserves have grown significantly over the past decade. The country currently holds over 53 lakh metric tonnes of crude oil reserves, with plans underway to expand this capacity beyond 65 lakh metric tonnes.
He assured that these reserves, along with increased refining capacity, provide a strong safety net against global supply shocks.
Why is this important now?
The ongoing conflict in West Asia has disrupted global trade and energy supply chains. The Strait of Hormuz, through which a large portion of the world’s oil and gas is transported, has become increasingly difficult for ship movement.
Despite these challenges, India has continued to receive shipments of crude oil and LPG from multiple countries in recent days, ensuring stability in domestic supply.
How is India managing fuel supply?
The Prime Minister revealed that India has diversified its energy imports from 27 countries earlier to 41 countries today. This strategy reduces dependence on any single nation and strengthens energy security.
He emphasized that the government is actively working to ensure oil and gas reach India “from wherever possible,” even in challenging global conditions.
What steps are being taken for the future?
Apart from crude oil reserves, the government is also focusing on expanding domestic gas distribution. Efforts to increase piped natural gas (PNG) connections and LPG access across the country have been accelerated in recent years.
This move aims to create a more stable and self-reliant energy ecosystem.
What about farmers and fertilisers?
PM Modi also addressed concerns related to agriculture, stating that the government has made necessary preparations to ensure adequate fertiliser supply for farmers during the upcoming sowing season.
He assured that farmers will not bear the burden of the global crisis.
What is the global impact?
The Prime Minister acknowledged that the West Asia conflict has shaken global economies and caused significant losses. However, he stressed that India is taking continuous measures to minimize its impact on the country.
What is the overall message?
The government’s clear message is that India is prepared, fuel supplies are secure, and there is no immediate risk of an energy crisis. With strong reserves, diversified imports, and proactive planning, India aims to stay stable even in uncertain global conditions.
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