No Crude Oil Supply Disruption Amid West Asia Crisis, Petroleum Minister Hardeep Puri Assures

Petroleum and Natural Gas Minister Hardeep Singh Puri has assured that India’s energy supply remains stable despite global tensions in West Asia, saying there is no immediate supply disruption or shortage risk.

Speaking at the CII Annual Business Summit 2026, Puri said, “We have 60 days of crude, we have 60 days of LNG, and we have 45 days of LPG,” adding that there is no problem on the supply side. He further said that during the recent global energy disruption, there were no shortages anywhere in the country and that petrol, diesel and LPG supplies remained uninterrupted across all regions.

The minister said domestic LPG production was increased from about 35,000–36,000 metric tonnes per day to 54,000 metric tonnes per day.

Fuel Prices Unchanged for 4 Years

Puri also said that fuel prices in India have not been increased for the last four years, adding that the last revision was around 2022. He said, “It’s not my case that prices will not go up. I’m saying prices and elections are unrelated,” making it clear that pricing decisions are not linked to electoral cycles.

He highlighted that oil marketing companies are currently under significant financial pressure, saying they are losing around Rs 1,000 crore per day due to under-recoveries. However, he said there has been no disruption in supply and no shortage situation in the country despite global volatility.

No Lockdown Planned, Says Puri

Puri also addressed concerns about emergency measures and panic-driven narratives in the energy sector, making it clear that such fears were misplaced. He said, “It’s not that any lockdown is going to take place tomorrow.”

He said India has managed recent geopolitical disruptions, including risks around key global energy routes, through strong planning and coordination across the oil sector. According to him, the system has ensured uninterrupted fuel availability across petrol pumps and households.

The minister added that India’s energy management has remained stable even during uncertain global conditions, with both strategic reserves and domestic production supporting continuous supply across crude oil, LNG and LPG segments.

The minister also said PM Narendra Modi’s austerity appeal is a wake-up call to start thinking of measures to lessen fiscal strain from the West Asia conflict.

Prime Minister Narendra Modi, on May 10, urged judicious fuel use, postponement of discretionary spending such as gold purchases and foreign travel, and suggested steps like metro travel, carpooling, EV adoption and work-from-home to conserve foreign exchange amid the West Asia situation.