India Has Petrol-Diesel for 25 Days, Crude for Another 25 Days!

New Delhi: As the war involving Iran, the US, and Israel continues, India may see a disruption in the supply of crude oil due to the blockade of the Strait of Hormuz.

However, the Indian government has stated that the country is in a "reasonably comfortable" position regarding its energy supplies.

Reports stated that India holds sufficient stocks of crude oil to meet domestic needs for the next 25 days.

Additionally, reserves of refined petroleum products, including petrol and diesel, are adequate for another 25 days. The government has termed this a cumulative buffer of approximately 50 days of energy sufficiency.

The government has also maintained that the reported crude oil reserves exclude the country's Strategic Petroleum Reserves (SPR), meaning the total crude availability could extend well beyond 25 days in an emergency scenario.

The reassurance from the government comes against the backdrop of heightened conflict in the region, where recent military strikes by Israel and the United States on Iran have prompted retaliatory actions from Tehran, including attacks on energy facilities in Saudi Arabia and Qatar. These developments have led to the closure of the Strait of Hormuz, a critical chokepoint for global oil shipments, and caused Brent crude prices to surge past $80 per barrel.

Approximately two-fifths (around 40%) of India's crude oil imports typically pass through the Strait of Hormuz, heightening concerns over potential supply disruptions. However, officials added that the remaining supplies come from alternative routes and sources.

The government also affirmed that India remains "comfortably placed" in terms of liquefied natural gas (LNG) and liquefied petroleum gas (LPG).

Also Read: Mojtaba Khamenei Chosen as Iran’s New Supreme Leader Amid Regional Turmoil