Issues over India’s gasoline inventory place have emerged as tensions rise in West Asia, with Iran and Israel engaged in a battle together with ally america, resulting in the closure of the Strait of Hormuz. Consultant picture. |Picture courtesy: Getty Photographs/iStockphoto
India has sufficient shares of crude oil and vitality merchandise (i.e. petrol and diesel) for the following 25 days and 50 days in complete, authorities officers mentioned on Tuesday (3 March 2026).
“So far as crude oil is worried, we’re in a fairly comfy place,” the official mentioned, including, “Now we have 25 days’ value of crude oil and 25 days’ value of vitality merchandise in reserve.”
In keeping with sources, it must be famous that the oil reserves talked about don’t embody the oil reserves of the Particular Petroleum Reserve (SPR) arrange for emergency use, by which case the sufficiency would prolong past 25 days.
Issues over India’s gasoline inventory place have emerged as tensions rise in West Asia, with Iran and Israel engaged in a battle together with ally america, resulting in the closure of the Strait of Hormuz. Iranian assaults broken vitality infrastructure in Saudi Arabia and Qatar, and the state of affairs worsened on Tuesday (March 3, 2026), with Brent crude oil futures costs hovering above $80 per barrel.
The official added that about two-fifths of India’s crude oil provide goes by means of the Strait of Hormuz.
“Comfy set up of LPG and LNG”
Sources additional mentioned India can be “comfy” with liquefied pure fuel (LNG) and liquefied petroleum fuel (LPG).
They reported that India is “in a snug place” concerning LNG provides for the following two to 3 weeks. Issues about LNG arose after Qatar Power, the world’s largest LNG producer, suspended manufacturing following a “navy assault” on its amenities.
“We’re monitoring it and assessing how lengthy the pause (in manufacturing) might be and are within the strategy of speaking,” they mentioned.
Concerning LPG, sources mentioned India had already entered the market fairly a while in the past. This comes after Aramco’s Juayma terminal suffered structural injury in late February, probably placing exports from the terminal in danger.
“We’re already available in the market[to diversify the overall LPG supply],” they mentioned, including: “There are giant sources out there[in the world]even when they’re in far-flung areas.”
“No selections have been made that may have an effect on our well-being.”
The official additionally confirmed that, opposite to media stories, the nation had not agreed to the requested discount in exports of petroleum merchandise. “Now we have not made any selections that have an effect on the paradigm,” they mentioned.
Lastly, in addition they confirmed that New Delhi is searching for “different suppliers of all the pieces” as a part of its bigger purpose of diversifying its hydrocarbon procurement.
