Top government sources reassured on Saturday that India is well-prepared to manage any potential energy crisis, holding over 250 million barrels of crude and petroleum products. These reserves, spread across various storage facilities, offer a buffer of 7-8 weeks across the supply chain. India maintains stocks of crude oil, petrol, diesel, ATF, LPG, and LNG, ensuring readiness for short-term disruptions while diversifying energy sources globally.
Official sources debunked claims suggesting limited reserves, emphasizing India’s strategic strength built over 12 years of consistent energy policy. The country’s diversified supply routes and robust delivery system further enhance its energy security.
India’s strategic oil diplomacy has expanded its supplier base to 40 countries across six continents in the past decade. With supply sources diversified beyond the Strait of Hormuz, disruptions in any single corridor result in manageable adjustments rather than emergencies.
India’s refining capacity, the fourth largest globally, exceeds domestic consumption, offering flexibility in processing various crude grades. The country’s deliberate policy decisions have strengthened its energy security, enabling it to bridge fuel gaps in global markets when needed.
Several countries, including Australia and Canada, have extended additional gas supplies to India, reinforcing its energy security measures. New energy supply agreements with partners like the United States and the United Arab Emirates aim to ensure stable long-term energy supplies.
