{"id":"f-80ae245e0c-f00a0d0b-02cf-569a-a752-6efcb4337cee","title":"Russia Ready To Help India With Energy Supplies If West Asia Conflict Causes Disruptions: Report","description":"Russia is ready to assist India with energy supplies in case of disruptions due to the ongoing conflict in West Asia between Iran and US and Israel.","timestamp":1772549886,"category":"international","headline":"Russia Ready To Help India With Energy Supplies If West Asia Conflict Causes Disruptions: Report","modifiedHeadline":"Russia offers energy aid to India amid Mideast War","subCategories":["scid_1698a638"],"subcategoriesName":["Europe"],"region":"IN","bundleMetaData":{"bundleId":"7b48871c-c993-4956-b43d-6f46f8e1b036","bundleTitle":"Today In India","cardData":null},"iabCategoryId":"389","fcSummary":"ussia is prepared to support India with energy supplies if disruptions occur, Reuters reported, citing a Russian source.","summary":"ussia is prepared to support India with energy supplies if disruptions occur, Reuters reported, citing a Russian source.","ctaUrl":"https://trends.glance.com/newz/news/IN/en/news18/f-80ae245e0c-f00a0d0b-02cf-569a-a752-6efcb4337cee","sourceUrl":"https://www.news18.com/world/russia-ready-to-help-india-with-energy-supplies-if-west-asia-conflict-causes-disruptions-report-9941166.html","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/zQ0wHPIi-JV0.webp","content":"

Russia is prepared to support India with energy supplies if disruptions occur, Reuters reported, citing a Russian source on Tuesday.

Indian government officials said the country currently holds sufficient

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crude and fuel inventories to meet domestic demand for petrol, diesel and other fuels for six to eight weeks. They added that New Delhi is scouting alternative sources for importing crude oil, liquefied petroleum gas and liquefied natural gas in case the conflict in West Asia lasts beyond 10 to 15 days.

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An official said the government is monitoring the situation “on a daily and hourly basis” and remains confident of navigating a crisis that some estimates suggest could last a week or 10 days.

India has crude stocks to last about 25 days and fuel reserves for a similar period. Contingency plans — including drawing from strategic petroleum reserves, using commercial inventories and diversifying sourcing from the US, Russia, West Africa and Latin America — are expected to ensure supply continuity even if disruptions persist longer.

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Separately, the oil ministry in a statement said Union Minister Hardeep Singh Puri “briefed the media on the country’s preparedness in the current circumstances” and it was informed that “the country is well stocked with crude oil and inventories of key petroleum products including petrol, diesel and ATF to deal with short-term disruptions arising from the Middle East.”

No details of the stock were given.

“The Ministry has established a 24×7 control room to continuously monitor the supply and stock position of petroleum products across the country,” the statement said.

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“At present, the government is reasonably comfortable in terms of stocks. Safeguarding the interests of Indian consumers remains the highest priority. Based on continuous monitoring, the government is cautiously optimistic that phased measures can be taken, if required, to further mitigate the situation.” India is the third largest importer, fourth largest refiner, and fifth largest exporter of petroleum products globally.

“It was further apprised that in the last few years, India has ensured both availability and affordability of energy for its population by diversifying its sources. Indian energy companies now have access to energy supplies that are not routed through the Strait of Hormuz.

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“Such cargoes will remain available and help mitigate supplies that may be temporarily affected enroute through the Strait of Hormuz,” the statement further added.

(with additional inputs from PTI)

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Russia Ready To Help India With Energy Supplies If West Asia Conflict Causes Disruptions: Report

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