'60 days of crude and 45 days of LPG': Hardeep Singh Puri assures India has ample supply

Minister for Petroleum and Natural Gas Hardeep Singh Puri highlighted that country has “60 days of crude oil, 60 days of LNG, and 45 days of LPG reserves available.” Furthermore, he alerted that panic buying is on the rise due to fearmongering. India’s supply is in check, and no dry out has been reported, said the minister. He mentioned that petrol consumption is up by 6% due to rumours about supply.

The union minister took to his social media to post a video of him speaking about the current situation at a summit. “There is no shortage of any petroleum product in the country... India has 60 days of crude oil, 60 days of LNG, and 45 days of LPG reserves available. Amid tensions in West Asia, to ensure uninterrupted supply, India has unprecedentedly increased its daily LPG production (from 35,000 tons to 54,000 tons),” he posted.

Here's the video:

Noting that many countries experienced fluctuations in oil prices and availability, but India was not affected at all. “Some people tried their best to engage in hoarding and spread rumours, but under the guidance of PM Narendra Modi, our efforts ensured that there was no shortage of petrol, diesel, or LPG anywhere in the country.” The war in West Asia has impacted the energy supply of not only India but also many other countries. The Strait of Hormuz is a major transit route used by many countries, and its blockade has given rise to complications.