India has 25 days of crude, fuel stocks; govt says no need to panic amid Strait of Hormuz tensions

Amid rising geopolitical tensions in West Asia and considerations over attainable disruptions within the Strait of Hormuz, authorities sources have sought to reassure residents that India has sufficient crude oil and gas reserves and there may be “no have to panic or hoard.”

In accordance with officers, India at the moment holds round 25 days of inventory of crude oil and petroleum merchandise, together with petrol and diesel. As well as, LPG inventories are enough for about 25–30 days, offering a buffer in opposition to short-term provide shocks.

Diversified sourcing

Sources mentioned that whereas round 40 per cent of India’s oil imports transit via the Strait of Hormuz, the remaining 60 per cent is sourced via different sea lanes and provider geographies, lowering overdependence on a single chokepoint.

The Strait of Hormuz, positioned between Iran and Oman, is without doubt one of the world’s most important power corridors, dealing with practically a fifth of worldwide oil commerce. Any disruption within the slender waterway typically triggers volatility in world crude costs.

Nonetheless, officers emphasised that India’s import basket is geographically diversified, together with suppliers from the Americas, Africa, and Russia, which don’t essentially depend on Hormuz for cargo.

Different routes in place

Authorities sources additionally highlighted that different transport routes stay accessible, together with longer passages such because the Cape of Good Hope route round southern Africa, in case of escalations that have an effect on Gulf transit.

Whereas such routes could enhance transit time and freight prices, officers mentioned contingency planning is already in place to handle logistics disruptions.

Strategic and industrial buffers

Aside from industrial inventories maintained by oil advertising firms, India additionally has strategic petroleum reserves designed to cushion short-term provide disruptions. Sources indicated that power planners are carefully monitoring developments and coordinating with refiners and advertising companies.

The federal government’s message is evident: there isn’t any speedy menace to gas availability, and residents ought to keep away from panic shopping for or hoarding of LPG cylinders and petroleum merchandise.

Officers added that power safety mechanisms are functioning as designed and that India stays ready to handle short-term exterior shocks.