India Prepares For Energy Shock Amid West Asia War, PM Modi Warns Of Tough Days Ahead
PM Narendra Modi Urges Citizens to Avoid Gold Purchases, Cut Fuel Use Amid Global Crisis Concerns
Government highlights fuel reserves, diversified imports as Hormuz disruption raises global concerns
Prime Minister Narendra Modi has warned that India must brace for difficult days ahead as the ongoing conflict in West Asia begins to impact global energy supply and economic stability.
Addressing the Lok Sabha, the Prime Minister said the war has created “unforeseen challenges” across economic, security, and humanitarian fronts, while also stressing that India is prepared to handle the situation.
India’s Energy Security Measures
Highlighting preparedness, the Prime Minister said India currently holds a strategic petroleum reserve of over 53 lakh metric tonnes. He added that the government is working to expand this capacity to more than 65 lakh metric tonnes in the coming years.
He also noted that India has significantly diversified its energy import sources. “Earlier, we imported from 27 countries; today, we import energy from 41 countries,” he said, underlining efforts to reduce dependency on any single region.
In addition, the country’s refining capacity has been strengthened, ensuring better handling and distribution of fuel during global disruptions.
Impact Of Strait Of Hormuz Crisis
The warning comes amid escalating tensions around the Strait of Hormuz, a crucial global energy route through which a significant portion of the world’s oil and gas supply passes.
Disruptions in this region have led to a sharp rise in global crude oil prices, with rates crossing USD 100 per barrel and fears of further spikes.
The Prime Minister emphasised that a large share of India’s crude oil, gas, and fertiliser imports pass through this route, making the situation particularly sensitive for the country.
Rising Demand And Summer Pressure
With summer approaching, the Prime Minister pointed out that electricity demand in India is expected to rise sharply. He assured that coal stocks at power plants are currently adequate to meet increasing demand.
However, he cautioned that the combined impact of rising energy needs and global supply disruptions could put pressure on the system.
Government’s Response And Global Coordination
The government is in constant touch with multiple countries to ensure steady supply of oil and gas. Diplomatic efforts are also underway to secure safe passage for Indian shipments through affected regions.
The Prime Minister also expressed concern over attacks on commercial vessels, calling such disruptions unacceptable in global trade routes.
Support For Indians Abroad
Amid the crisis, the government is also monitoring the safety of Indian nationals in the region. Indian missions are in constant contact with citizens and are providing necessary assistance.
A Long-Term Challenge Ahead
While India remains energy-secure for now, the Prime Minister acknowledged that the situation could have long-term consequences. He urged preparedness, noting that the impact of the conflict may extend beyond immediate disruptions.
With global tensions continuing and energy markets under pressure, India is focusing on maintaining supply stability while preparing for potential future shocks.
