India's Strategy for Rising Crude Oil Prices Amid Middle East Tensions: Securing Supplies with Alternative Routes
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India's Plan B: Prepared for Oil Price Surge Amidst Geopolitical Tensions
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News18•04-03-2026, 11:39
India's Plan B: Prepared for Oil Price Surge Amidst Geopolitical Tensions
•Crude oil prices surge due to Israel-Iran conflict and Strait of Hormuz disruptions.
•India, a major importer, is prepared with diverse supply routes and strategic reserves of crude, petrol, diesel, and ATF.
•A 24x7 control room monitors fuel supply, logistics, and stock status; alternative routes are being explored.
•India holds a 50-day reserve of crude oil and products, and 25-30 days of LPG, with options to increase domestic production and switch to Russian oil.
