Now Reading: India weathered Hormuz closure with no fuel shortages: Puri
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India weathered Hormuz closure with no fuel shortages: Puri
India navigated the Strait of Hormuz disruption earlier this year without any fuel shortages, Oil Minister Hardeep Singh Puri said on Friday. He told a CII event that not a single petrol…
The Story in Brief
India navigated the Strait of Hormuz disruption earlier this year without any fuel shortages, Oil Minister Hardeep Singh Puri said on Friday. He told a CII event that not a single petrol pump among 1,07,000 outlets went dry. India expanded its crude supply sources from 27 to 41 countries and boosted domestic LPG production to offset lower Gulf imports. The US now supplies 67% of India's LPG imports. Puri also announced a Rs 84,000 crore deep-water exploration scheme and dismissed concerns over ethanol-blended petrol, saying only four contamination cases were found among 1,07,000 pumps.
The Indian Opinion
The government deserves credit for diversifying crude sources from 27 to 41 countries, but the claim that not one of 1,07,000 pumps went dry needs independent verification. The ethanol-blending scare, dismissed as just four cases, may be understated given the scale of testing. The real test of energy security will be whether the Rs 84,000 crore Samudra Manthan programme actually attracts private drillers to high-risk deep-water blocks at the offered 50% cost-sharing.
Source: siasat.com
This story was synthesised by AI from the source linked above.
