India Ensures Steady Fuel Supply Amid Ongoing Middle East Conflict
Fuel Supply Remains Stable Despite Regional Tensions
On Tuesday, Union Minister Hardeep Singh Puri reassured the public that the ongoing conflict in the Middle East will not disrupt fuel supplies in India. He highlighted that the government has ramped up LPG production from 35,000-36,000 tons per day to approximately 54,000 tons as part of emergency measures. Puri, who heads the Ministry of Petroleum and Natural Gas, confirmed that there are no issues with LPG supply, and the country has a reserve of crude oil and LNG for 69 days, along with 45 days' worth of LPG.
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While addressing the annual business summit organized by CII, he reiterated the increase in LPG production amidst the ongoing crisis in West Asia. The oil minister emphasized that Prime Minister Narendra Modi's call for austerity should be viewed as a warning, urging the need to consider measures to alleviate fiscal pressures arising from the conflict.
Puri remarked that the Prime Minister's appeal for frugality is a cautionary note to address the financial strain caused by the West Asia turmoil. Modi had previously called for prudent fuel usage, postponing gold purchases, and delaying foreign travel to strengthen the economy.
Suggestions for Currency Conservation
During a rally organized by the Telangana BJP in Hyderabad, Puri suggested several measures to conserve foreign currency amid the ongoing crisis in West Asia. He recommended reducing petrol and diesel consumption, utilizing metro rail services in cities, carpooling, increasing the use of electric vehicles (EVs), leveraging railway services for parcel transport, and promoting remote work. Emphasizing the importance of conserving foreign currency during this crisis, Modi urged citizens to postpone gold purchases and foreign travel for a year.