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The Centre has assured that petrol and diesel prices will not increase despite tensions in West Asia. Officials said India’s energy stock is improving and crude imports have been diversified to reduce dependence on the Strait of Hormuz.
Petrol and Diesel Prices to Remain Stable as India Strengthens Energy Supplies
New Delhi: The Centre has assured that petrol and diesel prices will remain stable despite ongoing tensions in West Asia following the conflict involving Iran, the United States and Israel.
Officials said India’s energy stock position is gradually improving, providing confidence that domestic fuel supplies will remain stable in the coming weeks.
According to government sources, recent assessments of the regional situation indicate that supply chains are becoming more secure as shipping activities slowly resume.
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To reduce risks linked to disruptions in the Strait of Hormuz, India has expanded its crude oil procurement strategy. Officials said the country has increased imports from alternative routes and suppliers, ensuring that a larger portion of crude oil now arrives from regions outside the sensitive Gulf shipping corridor.
Earlier, around 60 percent of India’s crude oil imports came from sources not linked to the Strait of Hormuz. That share has now increased to about 70 percent, reflecting a significant diversification effort. This strategy aims to protect the country’s energy security even if geopolitical tensions disrupt major oil transit routes.
Government sources also rejected claims made by the Indian National Congress regarding a potential rise in cooking gas prices.
Officials clarified that earlier statements about price stability were specifically related to petrol and diesel and not to liquefied petroleum gas (LPG). They described the opposition’s allegations as incorrect and reiterated that fuel prices for petrol and diesel are not expected to increase.
Authorities said India’s liquefied natural gas (LNG) stocks are currently adequate. At one stage, there were concerns regarding LPG supply levels, but officials now say the situation has improved.
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Countries such as Qatar have assured India that LNG shipments will resume normally once maritime routes fully reopen. In addition, India has received LNG supply offers from several other countries, further strengthening its supply security.
Officials emphasised that the country’s diversified sourcing strategy and growing reserves are helping cushion the impact of global instability.
With improving energy stocks and expanding supply partnerships, the government expressed confidence that India’s fuel supply and prices will remain stable despite uncertainties in international markets.
