Amid ongoing tensions in the Middle East, the government has expressed confidence in India’s energy security. According to government sources, India currently has 25 days of crude oil reserves. Additionally, 25 days of petrol and diesel are also available. Overall, the country has approximately eight weeks of crude oil and petroleum product reserves.
Sources stated that only 40 percent of India’s crude oil comes through the Strait of Hormuz. The remaining 60 percent is imported from other sources. This prevents any single route from completely dominating the supply. India continues to import crude oil from Russia as per its previous agreements. The government says that the country is also in a comfortable position with respect to LPG and LNG. The government is closely monitoring the evolving situation in the Middle East and will take appropriate action as needed.
PM Modi holds talks with Sultan of Oman and the Sheikh of Kuwait
Meanwhile, Prime Minister Narendra Modi on Tuesday spoke to Sultan Haitham bin Tariq of Oman and Crown Prince of Kuwait Sheikh Sabah Al-Khalid Al-Hamad Al-Mubarak Al-Sabah and expressed concern over attacks on their countries amid the ongoing conflict in West Asia, officials said. In the telephonic conversation, Prime Minister Modi also discussed with the two leaders the welfare and security of the Indian community living there.
“The Prime Minister held phone calls with two important leaders from the Gulf region on Tuesday afternoon. He spoke to Sultan Haitham bin Tariq of Oman and Crown Prince Sheikh Sabah Al-Khalid Al-Hamad Al-Mubarak Al-Sabah of Kuwait,” an official said. During his call with the two leaders, Modi expressed concern over the attacks in their countries and discussed the welfare and safety of the Indian community living there. The phone call came after the US and Israel launched a joint strike against Iran.
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