Issues over India’s gasoline inventory place emerged as tensions escalated in West Asia, with Iran and Israel together with ally United States participating in a battle, that led to the closure of the Strait of Hormuz. Picture for illustration.
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India has enough shares of crude oil and vitality merchandise (petrol and diesel) for the subsequent 25 days every, cumulatively accounting for 50 days of sufficiency, sources within the authorities stated on Tuesday (March 3, 2026).
“We’re in a fairly comfy place so far as crude oil is worried,” a supply stated, including, “We have now crude oil in reserve for 25 days, alongside vitality merchandise for 25 days as nicely.”
In accordance with the supply, the talked about crude oil in reserve doesn’t embrace that from the emergency-earmarked Particular Petroleum Reserves (SPR), through which case the nation’s crude oil sufficiency expands past 25 days.
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Issues over India’s gasoline inventory place emerged as tensions escalated in West Asia, with Israel and the U.S. launching strikes on Iran, prompting retaliatory assaults by Tehran on Washington’s regional allies. The battle led to the closure of the essential Strait of Hormuz, a key route for world vitality provides. Tehran’s strikes additionally broken vitality infrastructure in Saudi Arabia and Qatar, sending Brent crude futures hovering previous the $80-per-barrel mark on Tuesday (March 3, 2026).
The supply added that about two-fifths of India’s crude provides had been routed by way of the Strait of Hormuz.
‘Comfortably positioned with LPG, LNG’
The sources additional stated that India was additionally “comfortably positioned” with respect to liquefied pure fuel (LNG) and liquefied petroleum fuel (LPG). They famous that India had enough LNG provides for the subsequent two to a few weeks.
Issues over LNG availability had risen after QatarEnergy, the world’s largest LNG producer, ceased manufacturing following “army assaults” on its amenities.
“We’re monitoring it, assessing how lengthy the pause [in production] could be and are in contact with them,” the sources stated.
Relating to LPG, a supply knowledgeable that India had already stepped into the market a while in the past. This was after Aramco’s Juaymah terminal was structurally broken in late February, doubtlessly risking exports from the terminal.
“We’re already available in the market [to diversify our overall LPG supplies],” the official stated, including, “There are massive sources out there [in the world]. Despite the fact that they might be in distant geographies, they’re out there.”
‘Not introduced any resolution that impacts our well-being’
The sources additionally confirmed that, opposite to media reviews, the federal government has not undertaken any transfer to chop down on the export of petroleum merchandise. “We have now not introduced any resolution that impacts the paradigm,” they stated.
They added that New Delhi was scouting for “various suppliers for every thing” as a part of the bigger goal of diversifying hydrocarbons procurement.
Individually, in a press assertion, the Petroleum and Pure Fuel Ministry knowledgeable that it had established a 24X7 management room to continuously monitor the availability and inventory place of petroleum merchandise throughout the nation. “At current, the Authorities within reason comfy when it comes to shares. Safeguarding the pursuits of Indian customers stays the best precedence,” the Ministry stated. “Primarily based on steady monitoring, the Authorities is cautiously optimistic that phased measures might be taken, if required, to additional mitigate the scenario,” it added.
Printed – March 03, 2026 07:02 pm IST
