Mar 3 • 10:15 UTC 🇮🇳 India Aaj Tak (Hindi)

India on Alert Over Oil Crisis, Crude Imports from Russia to Increase

India is increasing crude oil imports from Russia in response to the global oil crisis and tensions in the Strait of Hormuz.

In light of the global oil crisis and rising tensions in the Strait of Hormuz, India has ramped up its emergency preparations for supply disruptions. The Indian government is considering several options, including increasing crude oil imports from Russia, to ensure a stable supply of oil does not face interruptions. This strategy is in response to the need for reliable oil supply as the global market faces challenges.

As part of its preparedness, major oil companies in India, including Indian Oil, HPCL, and BPCL, are taking steps to increase production. These actions respond to the current reliance on LPG imports and aim to alleviate potential supply issues. The focus remains on maintaining essential petroleum products' availability in the country amid the ongoing global uncertainties regarding oil supplies.

Petroleum Minister Hardeep Puri has provided assurances that the Indian government is actively working to secure the availability of petroleum products at affordable prices for consumers. This proactive approach signals India's intention to mitigate the impact of the global oil crisis while ensuring the nation's energy security and economic stability in the face of external pressures.

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