New Delhi: The Centre on Wednesday sought to reduce concerns regarding potential disruptions to global energy shipments and said that India’s crude oil supply remained secured. It added that crude oil being sourced from non-Strait of Hormuz routes.
Country has access to nearly 55 lakh barrels of crude oil per day: Centre
Addressing a press conference, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said that the country currently have access to nearly 55 lakh barrels of crude oil per day. She further said that volumes which have been secured today is much more than what would have arrived normally through the Strait of Hormuz route during this period.
“Crude oil being sourced from non-Strait of Hormuz routes; supplies secured more than those that were disrupted,” she said while speaking to the media. Sharma added, “Our gas companies have procured LNG cargos from new sources. Two LNG cargos are on their way to India.”
‘No need to book LPG in panic’
Pointing out that measures taken by the Centre led to 25 per cent rise in LPG production, she further said that there was no need to book LPG in panic as normal delivery cycle for domestic households remains 2.5 days.
“The Govt has absorbed the significant part of the cost increase to the increase to protect the consumers. As a temporary demand management measure, the minimum gap between LPG bookings has been increased from 21 days to 25 days,” Sharma added further.
#WATCH | The Indian government issued an order on 8 March directing refineries and petrochemical complexes to increase production, due to which domestic LPG production has increased by 25%. All this domestically produced LPG is being directed towards household consumers: Sujata… pic.twitter.com/xb7sQlCHNO
— DD News (@DDNewslive) March 11, 2026
In recent times, tensions have increased in the Middle East following the US-Israeli joint operation on Iran on February 28. The operation was followed by retaliation by Iran on the military bases of the US and Israel, leading to volatility in global energy markets and tensions on shipping routes.
The Strait of Hormuz, is a narrow maritime corridor that connects Persian Gulf to global markets. After the tensions increased in the region, Iran announced its closure. It carries nearly one-fifth of oil and gas trade across the globe.