Union Petroleum and Natural Gas Minister Hardeep Singh Puri said India faces no energy supply issues despite ongoing global tensions.
These assurances aim to stabilize domestic markets and discourage panic-driven speculation that often follows international supply shocks. By quantifying national reserves, the government seeks to maintain economic stability and consumer confidence.
Speaking at the Confederation of Indian Industry (CII) Summit in New Delhi, Puri provided specific data on the country's strategic reserves. He said India currently maintains 60 days of crude oil [1], 60 days of liquefied natural gas (LNG) [2], and 45 days of liquefied petroleum gas (LPG) [3].
"There are no energy supply issues in the country," Puri said. He said that the government has worked to shield the population from global price shocks and maintain stable energy supplies during previous crises.
Puri also addressed the relationship between government policy and political cycles. He said that panic has no impact on policy and that fuel prices remain independent of elections.
"We have 60 days of crude, 60 days of LNG and 45 days of LPG," Puri said. The minister's statements were intended to reassure both the public and industrial stakeholders that the current stockpiles are sufficient to meet national demand.
“"There are no energy supply issues in the country."”
The disclosure of specific stockpile durations is a strategic move to prevent hoarding and price volatility. By anchoring the narrative in numerical data, the Indian government is attempting to decouple domestic energy security from the volatility of the global spot market and political speculation.
