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PM Modi: India Ready for Hormuz Crisis with Diversified Fuel Imports, Boosted Strategic Reserves
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PM Modi: India Prepared for Hormuz Crisis with Diversified Fuel Imports, Boosted Reserves
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Firstpost
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23-03-2026, 14:26
PM Modi: India Prepared for Hormuz Crisis with Diversified Fuel Imports, Boosted Reserves
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PM Modi states India diversified fuel imports from 27 to 41 countries over 11 years.
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India boosted strategic oil reserves to over 5.3 million metric tonnes, aiming for 6.5 million.
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Crisis in West Asia, including Iran's actions and closure of Strait of Hormuz, impacts global oil supply.
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Modi acknowledges significant portion of India's oil, gas, and fertilizer supplies pass through Hormuz.
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Government prioritizes domestic LPG use, increases production to minimize impact on households.
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