Government focuses on uninterrupted fuel supply
Prime Minister Narendra Modi on Sunday chaired a high-level meeting to review India’s energy preparedness as tensions in West Asia pushed global oil prices higher and raised concerns over supply disruptions.
The review comes amid heightened uncertainty around the Strait of Hormuz, a key global oil transit route. Donald Trump has warned that Washington could target Iran’s energy infrastructure if Tehran does not reopen the strait within 48 hours.
Global oil markets have reacted sharply to the conflict, with Brent crude oil trading around $109 per barrel after touching an intraday high of $119.
Government reviews fuel supply situation
According to officials, the meeting focused on ensuring uninterrupted supply of petroleum products, crude oil, gas, electricity and fertilisers across the country.
Modi reviewed logistics and distribution networks in detail and stressed the need to keep essential sectors running smoothly without disruptions.
The meeting also took place as an LPG tanker from the United States docked at New Mangalore Port, providing additional supply relief amid fears of shortages.
Fuel prices remain largely stable
Despite global volatility, retail petrol and diesel prices for consumers in India have largely remained unchanged so far. However, officials noted an increase in other fuel categories.
Industrial diesel prices have risen by nearly 25%, reflecting pressure from international markets.
Government closely monitoring situation
Officials said the government is closely monitoring the evolving geopolitical situation to ensure adequate domestic supplies.
Earlier this week, Sujata Sharma said New Delhi may review its fuel export plans if required to prioritise availability in the domestic market.
Rising tensions in West Asia
Tensions in the region remain high. Iran and Israel have exchanged attacks, including strikes near nuclear facilities, while Yemen’s Houthi movement has warned it could target shipping routes in the Red Sea and the Suez Canal.
The developments have raised fears of broader disruption to global trade and energy supplies.
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