India's oil buffer intact, says Puri—Supply map gets daily 'war-room' scrutiny

India's energy war-room is on high alert but the cupboards are not empty. Petroleum Minister Hardeep Singh Puri informed the media after a review meeting with PSU chiefs that the nation has "sufficient energy supplies for the next few months," even as Brent crude continues to whipsaw on West Asia tensions. Officials are now analyzing global cargo patterns and price curves every 24 hours, poised to re-route buys if chokepoints like the Strait of Hormuz erupt, Puri said. India imports over 85 % of its crude and half of its gas; diversified imports from Russia, the US and Latin America are serving as a cushion, he added.

 

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Sources: Economic Times, Times of India, Moneycontrol