Petroleum Minister Hardeep Singh Puri said India faces no immediate fuel shortages despite the ongoing crisis in the Strait of Hormuz.
The assurance comes as regional instability threatens global oil transit, raising concerns about potential price spikes and energy security for major importers. India's ability to maintain stable domestic pricing and supply is critical to avoiding economic volatility during the disruption.
Puri said that India currently holds fuel reserves sufficient for 76-80 days of consumption [1]. This stockpile is intended to act as a buffer, allowing the country to manage disruptions in the Strait of Hormuz without facing immediate shortages.
"We have 76-80 days of oil reserves, no immediate risk to the country," Puri said.
The minister said that India has diversified its fuel sourcing to reduce reliance on any single transit point or provider. This strategy is designed to absorb a month-long disruption in the region while preventing sudden increases in cost for consumers.
Puri said that oil prices in the country have remained unchanged for four years [3]. He said that the domestic market remains stable and that India continues to export fuel despite the geopolitical tension.
"In the midst of all this crisis, you have no dry out taking place in any part of the country, and you are still exporting," Puri said.
Government officials said that the combination of strategic reserves and diversified procurement ensures that the national economy remains insulated from the immediate effects of the Hormuz crisis. Puri said that there is no fuel crisis in the country [3].
“"We have 76-80 days of oil reserves, no immediate risk to the country."”
India's reliance on the Strait of Hormuz for a significant portion of its crude oil imports makes the region a strategic vulnerability. By maintaining a reserve of nearly 80 days and diversifying suppliers, New Delhi aims to decouple its domestic energy price stability from the volatile geopolitical climate of the Middle East, preventing the type of inflationary shocks that typically follow maritime disruptions.
