India Expands Oil Sources Amid Crisis
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said that India has significantly expanded its crude oil sourcing network to improve energy security during the global energy crisis.
Speaking at the Vibrant Gujarat Regional Conference in South Gujarat, Puri said India increased the number of countries it buys crude oil from to 41, compared to 27 countries earlier.
He explained that this broader sourcing strategy was part of India’s long-term planning to reduce risks and ensure stable energy supplies during uncertain global conditions.
According to Puri, expanding the supplier base helped India better manage the challenges created by international energy disruptions.
He also spoke about efforts to boost domestic production.
The government instructed refineries to maximize Liquefied Petroleum Gas (LPG) production, leading to a 60 percent increase in domestic output.
India’s LPG production rose from 36,000 metric tonnes per day to 54,000 metric tonnes per day.
Puri said these steps helped strengthen the country’s energy supply while reducing dependence on external sources.
He further highlighted that the government took several measures to protect consumers from rising global fuel prices, ensuring that citizens faced less financial pressure despite international market volatility.
The minister emphasized that strategic planning, diversification, and domestic production growth were key factors in India’s successful handling of the global energy crisis.
