India holds sufficient crude and fuel inventories to meet domestic demand for petrol, diesel, and other fuels for six to eight weeks, top government sources said, cushioning the country against any short-term supply disruption amid escalating military conflict in West Asia.
About half of India’s crude and LPG imports transit the Strait of Hormuz – the key energy chokepoint that has seen disruptions following US and Israeli attacks on Iranian government, military and nuclear facilities. Iran warned shipping away from the strait, and insurers withdrew coverage, effectively halting tanker movements.
A top oil ministry official, who wished not to be named, said the government is monitoring the situation “on a daily and hourly basis” and is confident of navigating through the crisis that by some estimates may last a week or ten days.
While the country has crude oil stocks to last 25 days and fuel to last a similar duration, contingency plans – including using stockpile in strategic …​India holds sufficient crude and fuel inventories to meet domestic demand for petrol, diesel, and other fuels for six to eight weeks, top government sources said, cushioning the country against any short-term supply disruption amid escalating military conflict in West Asia.
About half of India’s crude and LPG imports transit the Strait of Hormuz – the key energy chokepoint that has seen disruptions following US and Israeli attacks on Iranian government, military and nuclear facilities. Iran warned shipping away from the strait, and insurers withdrew coverage, effectively halting tanker movements.
A top oil ministry official, who wished not to be named, said the government is monitoring the situation “on a daily and hourly basis” and is confident of navigating through the crisis that by some estimates may last a week or ten days.
While the country has crude oil stocks to last 25 days and fuel to last a similar duration, contingency plans – including using stockpile in strategic … ​Latest News [ SOBAN NEWS: International and National ]
