No shortage of energy in India: Minister Hardeep Puri
GS3Economy · S&T · Environment · Security· Growth, inflation & macro indicators· Prelims·
Why in news
Petroleum Minister Hardeep Puri and Indian Oil Corporation refuted social media reports of fuel shortages, asserting that India maintains sufficient stocks and uninterrupted supply networks.
Background
In February 2026, India imported approximately 20% of its total crude oil from Russia, totaling 1.04 million barrels per day. Indian PSU Oil companies signed a one-year contract in November 2025 to import 2.2 MTPA of LPG from the U.S. Gulf Coast for the year 2026.
Facts for Prelims
- FactRussia accounted for 0.2% of India's total crude imports in 2022.
- FactIndia imported 1.04 million barrels per day of crude oil from Russia in February 2026.
- FactIndian PSU Oil companies signed a contract for 2.2 MTPA of LPG from the U.S. Gulf Coast for the contract year 2026.
- FactLPG imports from the U.S. began in January 2026.
For Mains
Q. Discuss the strategies adopted by India to ensure energy security amidst evolving geopolitical dynamics and fluctuating global supply chains.
Dimensions to cover in your answer
- Diversification of supply: Reducing over-dependence on single geographical sources through multi-lateral trade agreements.
- Strategic stock management: Balancing domestic demand with refinery production capacities and international import contracts.
- Information integrity: Addressing the role of social media in creating market panic regarding essential commodity availability.
Keywords: Energy Security · Strategic Reserves · Supply Chain Resilience · Geopolitical Dynamics · Import Diversification
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