Hardeep Singh Puri Asserts That India Maintains Over 60 Days of Crude and Gas Stocks, Dismisses Potential Energy Supply Constraints

India has reaffirmed its commitment to maintaining a stable energy supply, currently holding more than 60 days worth of reserves in crude oil and natural gas. This robust supply level has been bolstered by a notable increase in domestic LPG (liquefied petroleum gas) production, which has decreased the countrys dependence on imports. As a result, India is now able to sustain LPG stocks for approximately 75 to 80 days.

Despite facing global energy price surges attributed to ongoing conflicts, such as the situation in Iran, India has managed to stabilize domestic fuel prices. In recent measures to alleviate consumer burdens, the government has implemented excise duty cuts, contributing to a slight reduction in retail fuel prices domestically.

This strategy reflects India’s focus on energy security and self-sufficiency in the wake of international market volatility. As part of its long-term energy policy, the country is also investing in alternative energy sources and infrastructure improvements to further reduce its reliance on foreign energy supplies.