India currently has adequate stocks of crude oil and fuel and despite supply concerns related to the Strait of Hormuz, the country is in a comfortable situation. ANI gave this information on Friday quoting government sources. He said that if needed, the government is ready to take further steps to maintain continuous supply of fuel.
According to the report, Indian refineries currently have good reserves of crude oil and the government is closely monitoring the situation. An official said, today we have more sources of energy than the supplies trapped in the Strait of Hormuz. We are in a comfortable position in terms of crude oil, oil products and LPG. We currently have enough stock.
Officials said that if the supply in the Gulf region is disrupted, India is also ready to increase the supply of oil from other areas. He said, we will increase supplies from other parts of the world and make up for the shortfall from the Strait of Hormuz. The government has also indicated that if needed, more steps will be taken to maintain fuel availability in the country.
Apart from this, Indian refineries are so far buying only that Russian crude oil on which there is no restriction. India’s oil import from Russia has increased significantly since 2022, whereas before that it was very low. The source said, in 2022 we would buy only 0.2 percent of the total oil imports from Russia. In February, we took about 20 percent of our total crude oil imports from Russia. In February, India imported about 10.4 lakh barrels of oil daily from Russia.
The news of closure of MRPL is wrong
A government source said that recently a government energy company has purchased a cargo of LNG (Liquefied Natural Gas) from the spot market. This shows that purchases are continuing to ensure additional supply. Officials termed the news of closure of Mangalore Refinery and Petrochemicals Limited (MRPL) as false. He said that the refinery is running normally and there is sufficient stock. The source said, the news of closure of MRPL refinery is wrong. There is sufficient stock in the refinery and everything is running normally.
LPG supply is being strengthened
The government has directed all LPG refineries to increase production so that there is adequate availability of gas in the country.
The source said, all LPG refineries have been asked to increase production. We have good stock of LPG. We will also use petrochemicals to meet domestic demand. India is also increasing the sources of LPG imports. At the beginning of this year, the first consignment of LPG from America reached India, because Indian government oil companies have signed a supply agreement. According to officials, in November 2025, Indian state oil companies had signed a one-year agreement to import about 22 lakh tonnes of LPG every year from the Gulf Coast of America. This agreement is for 2026 and its supply has started from January.
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