Petroleum Minister Hardeep Singh Puri said India has ensured the availability and affordability of fuel despite ongoing global crises.

This stability is critical as India remains vulnerable to price shocks and supply disruptions caused by geopolitical tensions in West Asia and other volatile regions.

Speaking in an interview with NDTV, Puri said there is no shortage of crude oil, piped natural gas (PNG), or liquefied petroleum gas (LPG) in India. He said the war in West Asia had been ongoing for 80 days [2] at the time of his comments. To mitigate risks, the minister said India expanded its crude oil sourcing from 27 to 41 countries [1].

The minister described a multifaceted procurement strategy to keep markets steady. Puri said India is buying more oil from Russia compared to November [3]. Simultaneously, the government is diversifying its energy portfolio by increasing imports from other producers, including Venezuela and the U.S. [1].

This diversification is intended to prevent over-reliance on any single region or supplier. By broadening the base of sourcing countries, India aims to maintain a buffer against the volatility of the global energy market.

"India has ensured both availability and affordability of fuel despite the global crises," Puri said.

The minister's remarks come as the government seeks to reassure the public and domestic markets that fuel supplies remain secure. He said the strategic shift in sourcing has allowed the country to navigate disruptions that have impacted other energy-importing nations.

“"There is no shortage of crude oil, PNG, LPG in India."”

India is pursuing a 'multi-aligned' energy strategy to decouple its domestic fuel prices from regional conflicts. By balancing increased imports from Russia with new ties to the U.S. and Venezuela, New Delhi is attempting to leverage competitive pricing and supply security to avoid the inflationary pressure typically associated with West Asian instability.