India will have no shortage of crude oil during the US-Israel and Iran war. India currently has a stock of more than 25 crore barrels (about 4,000 crore litres) of crude oil and refined petroleum products. According to the government report, this backup is so much that even if the supply stops completely, the entire supply chain of the country can easily run for 7 to 8 weeks. This means that there is no tension of shortage of petrol, diesel and other petroleum products in the coming days. This report rejects the claims that India has only 25 days of reserves left. The government has made it clear that India’s energy security is no longer dependent on any one route or country. Reach increased from 27 to 40 countries in 10 years. The report says that India’s energy purchase is completely based on ‘national interest’. In the last 10 years, India has significantly expanded the scope of its oil sourcing. A decade ago, India used to buy oil from only 27 countries, which has now increased to 40. Despite global tensions, India has found new ways to meet its needs. Dependence on Hormuz has reduced. Concern is often raised about ‘Strait of Hormuz’, one of the most sensitive sea routes in the world, but India has changed its strategy. Now only 40% of India’s crude oil comes through this route. The remaining 60% of the oil comes from alternative routes like Russia, West Africa, America and Central Asia. According to the report, those days are no longer there when India’s energy security was dependent on one sea route. India will be able to buy crude oil from Russia. The US Treasury Department has given a special license of 30 days to Indian refineries. This license will remain valid till April 3. Due to this, there is no possibility of shortage of crude oil in India. Apart from this, the crisis of rising prices of petrol and diesel is over for the time being. Prices have been stable for 4 years: 55% increase in Pakistan and 22% increase in Germany. According to the data of Price Planning and Analysis Cell (PPAC), petrol and diesel prices have remained stable in India between February 2022 and February 2026. In contrast, petrol has become costlier by 55% in Pakistan and 22% in Germany to save the general public. According to the report, the public sector companies themselves suffered a loss of Rs 24,500 crore on LPG, so that the retail prices did not increase in the last 12 years. The government has increased the price of domestic gas by Rs 60. LPG gas is now available at Rs 853. Now it is available at Rs 1883. Read this news related to crude oil: Petrol and diesel prices will not increase in India due to impact of Hormuz route. The concern about the increase in the price of petrol and diesel in the country is over by 10%. Because, after the closure of Hormuz route, the government has taken this decision due to the impact of supply.
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There will be no shortage of petrol and diesel in the country: India has 4,000 crore liters of crude oil, the government said this is enough for 8 weeks.
