{"id":"f-80ae245e0c-54e49a02-1c95-5148-b1d8-36751cd6822f","title":"India Has 25 Days Of Crude Oil Stock, Scouting For Alternative Sources: Govt Sources","description":"The source further said that the central government has no immediate plans to raise petrol or diesel prices.","timestamp":1772542224,"category":"national_v_two","headline":"India Has 25 Days Of Crude Oil Stock, Scouting For Alternative Sources: Govt Sources","modifiedHeadline":"India has 25 days of crude oil stock: Govt sources","subCategories":["scid_b6669955"],"subcategoriesName":["National"],"region":"IN","bundleMetaData":{"bundleId":"7b48871c-c993-4956-b43d-6f46f8e1b036","bundleTitle":"Today In India","cardData":null},"iabCategoryId":"386","fcSummary":"India says it has about 25 days of crude oil stock left & is looking for alternative sources, with no immediate plan to raise petrol or diesel prices.","summary":"India says it has about 25 days of crude oil stock left & is looking for alternative sources, with no immediate plan to raise petrol or diesel prices.","ctaUrl":"https://trends.glance.com/newz/news/IN/en/news18/f-80ae245e0c-54e49a02-1c95-5148-b1d8-36751cd6822f","sourceUrl":"https://www.news18.com/india/india-explores-new-oil-sources-assures-no-immediate-fuel-price-hike-ws-l-9940881.html","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/bBCTlzf-r-60.webp","content":"

India currently has enough crude oil to last for 25 days and is actively exploring alternative sources for importing crude oil, LPG and LNG to ensure energy security, government sources said on Tuesday

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amid rising tensions in the Middle East.

The government has also indicated that there are no immediate plans to raise petrol or diesel price, the source added.

This update came after Hardeep Singh Puri, Minister of Petroleum and Natural Gas, briefed the media on India’s preparedness in the current circumstances.

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According to a Press Information Bureau (PIB) release, India is the third-largest importer, fourth-largest refiner, and fifth-largest exporter of petroleum products globally. The country is well stocked with crude oil and key products such as petrol, diesel and aviation turbine fuel (ATF) to handle short-term disruptions arising from the Middle East.

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In recent years, India has diversified its energy sources to ensure both availability and affordability. Indian energy companies now have access to supplies that are not routed through the Strait of Hormuz, helping to mitigate any temporary disruption of oil shipments through the crucial waterway.

The Ministry has also established a 24×7 Control Room to monitor the supply and stock of petroleum products across the country. “At present, the Government is reasonably comfortable in terms of stocks. Safeguarding the interests of Indian consumers remains the highest priority,” the PIB release said.

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The Middle East conflict, which began over the weekend with US and Israeli strikes on Iran, has disrupted regional energy flows. The attacks, which killed Iran’s Supreme Leader Ali Khamenei, have prompted retaliatory strikes by Iran across the Gulf, including Saudi Arabia, Qatar and Dubai. The situation has raised concerns about global oil supplies and inflation.

On Tuesday, Brent crude rose 4.41 per cent to $81.17 per barrel in afternoon trade in Asia.

(With inputs from agencies)

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India Has 25 Days Of Crude Oil Stock, Scouting For Alternative Sources: Govt Sources

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