India’s crude oil position is secured: Hardeep Singh Puri

Amid sloganeering, the Government on Thursday informed the Lok Sabha that India’s crude oil position is secured and the domestic supply of LPG is fully protected. Making a statement in the House, Union Petroleum and Natural Gas Minister Hardeep Singh Puri  said the government’s priority is to provide an uninterrupted LPG supply to 33 crore families, especially the poor and the underprivileged. Puri said, despite having no role in causing the West Asia conflict, India has to navigate through its consequences. He said the Strait of Hormuz has been effectively closed to commercial shipping for the first time in recorded history. He said there is no shortage of petrol, diesel, kerosene, and Aviation Turbine Fuel in the country. 
He said retail outlets across the country are stocked, and supply chains for these products are functioning normally. He also said that the refineries are operating at high capacity utilisation and in several cases they are exceeding 100 per cent.The Minister said India was previously importing approximately 60 per cent of its LPG requirements from Gulf countries such as Qatar, the United Arab Emirates, Saudi Arabia and Kuwait, while 40 per cent is produced domestically. He said procurement has now been actively diversified, with cargoes being secured from the United States, Norway, Canada, Algeria and Russia.The Minister said, LPG production has been increased by 28 per cent through refinery directives, and further procurement is currently underway. He said large LNG cargoes are arriving on an almost daily basis through alternative supply routes, and India has sufficient gas production and supply arrangements to sustain this position even in the event of a prolonged conflict. He said commercial LPG has been regulated to prevent black marketing and not to penalise the hospitality sector.

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रिफाइनरियां अपनी पूरी क्षमता से काम कर रही हैं। कई मामलों में, वे 100% से भी अधिक क्षमता पर चल रही हैं। पेट्रोल, डीजल, केरोसिन, एटीएफ या ईंधन तेल की कोई कमी नहीं है। पेट्रोल, डीजल, विमानन ईंधन, टरबाइन ईंधन, केरोसिन और ईंधन तेल की उपलब्धता पूरी तरह से सुनिश्चित… pic.twitter.com/jKcJtXNVVl

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Earlier, Leader of Opposition in the Lok Sabha, Rahul Gandhi, said that there is a lot of panic regarding LPG, and restaurants are struggling to operate, and street vendors are also being affected. He said the foundation of every nation is its energy security. He questioned why a nation the size of India would allow any other country to give permission to buy Russian oil.