Opinion: India's Navigation of Oil and LPG Crisis Amid Iran War Through 'Modiplomacy'
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Modiplomacy Shields India from Oil & LPG Crisis Amidst Iran War
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News18•21-03-2026, 10:52
Modiplomacy Shields India from Oil & LPG Crisis Amidst Iran War
•India successfully navigates the West Asia energy crisis (2026) through 'Modiplomacy', ensuring stable oil and LPG supplies despite the Strait of Hormuz closure.
•Strategic foresight under PM Modi led to significant crude reserves (250 MT), refining capacity (258 MMTPA), and strategic petroleum reserves (53 LMT), preventing shortages.
•India diversified oil imports, capping reliance on any single country at 25% and sourcing from over 40 nations, including discounted Russian crude.
•PM Modi's proactive diplomacy with Gulf leaders secured alternative supplies and de-escalated tensions, showcasing India's growing diplomatic influence.
•Domestic measures like maximizing LPG output, priority allocation, and continued subsidies under schemes like PMUY ensured affordability and prevented inflation.