Prime Minister Narendra Modi assured the nation of continuous oil and gas provisions amidst the West Asia turmoil. He highlighted India’s diversified energy imports from 41 countries, a significant increase from the previous 27. Addressing the Lok Sabha, PM Modi expressed concerns over energy security, emphasizing the challenges faced due to disruptions in the Hormuz Strait route.
The Prime Minister informed that India imports 60% of its LPG needs and has prioritized domestic consumers amid supply uncertainties. Efforts are underway to boost domestic LPG production while ensuring a smooth supply of petrol and diesel nationwide. PM Modi underscored the government’s strategic measures over the past decade to enhance energy security by expanding refining capacity and building substantial crude oil reserves.
PM Modi stressed the government’s continuous engagement with global suppliers to maintain oil and gas supplies from various sources. He emphasized the importance of safe maritime corridors for essential shipments, noting successful arrivals of stranded ships from the Hormuz Strait. The government remains vigilant over Gulf and overseas shipping routes to safeguard India’s energy interests.
