Union Minister for Petroleum and Pure Fuel Hardeep Singh Puri on Friday stated India shouldn’t be going through scarcity of power regardless of ongoing geopolitical volatility in West Asia. Addressing issues over potential disruptions to crude oil provides, Puri highlighted that the federal government’s precedence stays the supply of reasonably priced and sustainable gas for residents. He emphasised that power imports proceed uninterrupted and customers needn’t fear about gas availability or worth volatility.
“Our precedence is to make sure availability of reasonably priced and sustainable gas for our residents, and we’re doing it comfortably. There isn’t any scarcity of power in India and there’s no explanation for fear for our power customers,” he stated. Puri stated throughout a media briefing. These feedback adopted rising regional tensions and business hypothesis concerning provide safety.
Current instability in West Asia, notably across the Strait of Hormuz, has prompted international consideration to the move of crude oil. Nevertheless, authorities sources cited by ANI characterised India’s present oil, petroleum product, and LPG provide state of affairs as a “very snug place”. Officers indicated that proactive measures and diversified sourcing have helped fortify India’s power safety within the face of exterior dangers.
US grants 30-day waiver
The USA on Thursday granted India a 30-day waiver to buy Russian crude, as the continued Iran battle disrupts international power provides and raises issues about oil availability.
Oil costs surged sharply amid the turmoil. West Texas Intermediate (WTI) jumped 8.51%, or $6.35, to shut at $81.01 per barrel, marking its greatest single-day achieve since Could 2020. Brent crude, the worldwide benchmark, rose 4.93%, or $4.01, to settle at $85.41 per barrel.
The waiver permitting purchases of Russian oil might assist ease provide issues, notably given India’s central function in international refining. India is the world’s fourth-largest refiner and the fifth-largest exporter of petroleum merchandise. On Friday, nevertheless, oil costs cooled barely, with Brent and WTI falling greater than 1% to $84.42 and $79.92 per barrel, respectively.
India’s crude import technique
India, additionally the third-largest oil importer globally, had been shifting away from Russian crude towards Center Japanese suppliers in latest months.
Nevertheless, India’s crude import technique has advanced considerably since 2022. Imports from Russia have elevated sharply, with knowledge from February exhibiting that round 20% of India’s crude imports — about 1.04 million barrels per day — originated from Moscow. This diversification goals to scale back vulnerability to disruptions in any single area.
State-owned Indian Oil Company additionally responded to rumours circulating on social media about gas shortages, calling such claims “baseless.” The corporate stated stock ranges stay adequate and distribution channels are working usually.
Indian Oil urged residents to not panic or crowd gas stations and suggested the general public to rely solely on official data.
To assist steady provide, officers stated all main refineries and LPG manufacturing items have been directed to extend output, a coordinated effort supposed to strengthen nationwide availability and protect India from worldwide provide disruptions.
India has additionally broadened its sourcing of liquefied petroleum fuel (LPG). In November 2025, public sector firms finalised a one-year contract to import about 2.2 million tonnes every year from the US Gulf Coast, strengthening reserves for 2026. The transfer varieties a part of a broader technique to diversify suppliers and enhance power resilience.
Business analysts say India’s strategy — combining diversified imports, elevated refinery output and clear communication — displays international finest practices for managing volatility in power markets whereas sustaining client confidence throughout geopolitical uncertainty.
