economy
March 4, 2026
India to Ensure Energy Supplies Amid Middle East Turmoil
New Delhi has vowed to address possible shortage of petroleum products
TL;DR
- India's Oil Ministry will ensure petroleum product availability and affordability amidst the Middle East crisis.
- The ministry is continuously monitoring the evolving situation and has reviewed supply plans.
- India imports 85% of its oil and nearly half of its natural gas, with a significant portion routed through the Strait of Hormuz.
- The Strait of Hormuz is a critical maritime choke point for global oil shipments.
- Experts warn of potential surges in oil prices and an energy supply crisis if the conflict prolongs.
- India is looking to revive large purchases of Russian crude amid the crisis.
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