Amid escalating tensions in the Middle East, particularly following recent U.S. and Israeli attacks on Iranian nuclear sites, India has affirmed its commitment to securing a stable and reliable fuel supply for its citizens. Hardeep Singh Puri, the Minister of Petroleum and Natural Gas, addressed concerns over potential disruptions, assuring that the government is taking all necessary measures to safeguard the nation's energy needs.
India, the world's third-largest oil importer and consumer, has strategically diversified its crude import sources in recent years to mitigate its dependence on the Strait of Hormuz, a critical chokepoint for global oil and gas supplies. While the Strait remains important, with 40% of India's oil imports still passing through this waterway, the country has significantly reduced its reliance on it.
The recent hostilities in the Middle East, including the strikes on Iranian nuclear facilities, have triggered concerns about potential disruptions to oil and gas flows. Iran has previously threatened to close the Strait of Hormuz in response to Western pressure, a move that could significantly impact global energy markets.
To counter these risks, India has proactively shifted its import strategy. Notably, in June 2025, imports from Russia and the United States have outpaced the combined volumes from traditional Middle Eastern suppliers like Iraq and Saudi Arabia. This diversification is a key element of India's strategy to ensure energy security in the face of geopolitical instability. Russian oil now constitutes a significant portion of India's crude basket, approximately 40-44%, a substantial increase from less than 1% before the Russia-Ukraine war. This shift was driven by the availability of Russian crude at discounted prices due to Western sanctions. Imports from the US have also seen a marked increase, further diversifying India's energy sources.
The Indian government has also emphasized the importance of strategic petroleum reserves in ensuring fuel supply stability. These reserves can be utilized during emergencies or when global prices surge, providing a buffer against market volatility. India has been expanding its storage capacity for strategic petroleum reserves, with facilities at various locations across the country.
Furthermore, Indian Oil Marketing Companies (OMCs) are maintaining adequate fuel supplies, with reserves sufficient for several weeks. These companies are also actively sourcing energy supplies from multiple routes, reducing dependence on any single supply chain.
Analysts believe that a full closure of the Strait of Hormuz is unlikely, as it would negatively impact Iran's allies, including China and Gulf neighbors, and could provoke military retaliation. However, even isolated disruptions could have significant consequences, highlighting the importance of India's proactive measures to secure its fuel supply.
In conclusion, India is taking a multi-pronged approach to ensure fuel supply security amid the ongoing turmoil in the Middle East. This includes diversifying import sources, increasing strategic petroleum reserves, and maintaining adequate fuel stocks with OMCs. These measures demonstrate India's commitment to ensuring a stable and reliable energy supply for its citizens, even in the face of geopolitical uncertainties.
