Now Reading: India weathered Hormuz closure without fuel shortages, says Puri
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India weathered Hormuz closure without fuel shortages, says Puri
Oil minister Hardeep Singh Puri said India faced no fuel shortages despite disruptions to shipping through the Strait of Hormuz after the Iran war. Speaking at a CII event on Friday, he…
The Story in Brief
Oil minister Hardeep Singh Puri said India faced no fuel shortages despite disruptions to shipping through the Strait of Hormuz after the Iran war. Speaking at a CII event on Friday, he said India diversified crude sources from 27 to 41 countries, expanded retail outlets from 52,000 to 1,07,000, and raised domestic LPG production. He claimed the US now supplies 67 per cent of India's LPG imports. Separately, ship-tracking data showed the first LNG tanker carrying a cargo for India exited the Strait since the conflict began, though most Persian Gulf exports remain halted. India used to get over half its LNG from Qatar and the UAE.
The Indian Opinion
The minister’s claim that no petrol pump went dry is a strong one, but the LNG data from ship trackers tells a different story: shipments from Qatar and the UAE have nearly halted, forcing India into costly spot purchases. The government talks of 41 supply sources, yet the Strait remains virtually shut and tankers sail dark. The real test is whether the Samudra Manthan exploration push can reduce such reliance on a vulnerable chokepoint. How much more will consumers pay before new domestic fields produce?
Sources (2): siasat.com, millenniumpost.in
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
