Mar 3 • 10:26 UTC 🇷🇺 Russia RT

India to ensure energy supplies amid Middle East turmoil – Oil Ministry

India's Oil Ministry has pledged to secure energy supplies for consumers as tensions rise in the Middle East.

India's Oil Ministry has announced its commitment to ensure the availability and affordability of petroleum products to consumers in light of the escalating crisis in the Middle East. This assurance comes alongside a review of the current supply situation for crude oil, LPG, and other petroleum products conducted by senior officials from the ministry and public sector companies.

In a public statement, the Ministry highlighted that it is continuously monitoring the developing geopolitical situation that could impact energy supplies. The Minister of Petroleum and Natural Gas has personally engaged with officials to discuss strategies and measures that could safeguard India's energy needs amid such uncertainty. Given that India relies on imports for a significant portion of its energy—approximately 85% of its oil and nearly half of its natural gas—the ministry's proactive approach underscores the potential risks posed by international conflicts.

The assurance provided by the Oil Ministry reflects India's strategic interest in maintaining a stable energy supply for its economy. As tensions in the Middle East often lead to fluctuations in oil prices and supply chain disruptions, this statement aims to reassure both the market and the public that the Indian government is taking necessary steps to mitigate any adverse effects of ongoing geopolitical developments.

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