India assures of adequate energy supplies for coming months amid Iran-Israel escalation

Minister of petroleum and natural gas Hardeep Singh Puri

India has adequate energy supplies for the coming months, said minister of petroleum and natural gas Hardeep Singh Puri on June 13, amid escalating tensions between Iran and Israel.

India’s energy strategy is shaped by successfully navigating the trilemma of energy availability, affordability and sustainability, Puri said in a post on X on late Friday evening.

The minister on June 13 held a meeting with Petroleum Secretary Pankaj Jain and heads of state-run Indian energy majors including Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and ONGC, according to the social media post.

Indias energy strategy is shaped by successfully navigating the trilemma of energy availability, affordability and sustainability under the dynamic leadership of PM Sh @narendramodi Ji.Held a periodic review with Secretary-@PetroleumMin and CMDs of Indias energy PSUs.We have pic.twitter.com/3dnmrHSG7B
Hardeep Singh Puri (@HardeepSPuri) June 13, 2025

To be sure, Indian oil refiners tie-up for crude oil supply for the coming three months, while the country also maintains strategic oil reserves for emergency situations. India’s total oil reserves stand at around 74 days; where IOCL inventory is for 40-42 days, government’s special purpose vehicle Indian Strategic Petroleum Reserves Ltd (ISPRL) has reserves for over 9 days and rest is maintained by BPCL and HPCL.

Tensions in the Middle-East are a cause of concern for Indian energy market as New Delhi imports large amounts of crude oil and liquefied natural gas (LNG) from the region. India imports over 85 percent of its total crude oil requirements and the Middle-East nations including Iraq, Saudi Arabia, the UAE, among others, account for a major portion of the supplies.

Though, India does not have direct energy trade relations with both Iran and Israel, soaring crude oil prices and threat to key shipping routes pose a challenge for India. On June 13, shares of state-run oil marketing companies (OMCs) tanked on bourses due to a 13 percent spike in crude oil prices.

Prime Minister Narendra Modi on June 13 also shared about his interaction with Israeli Prime Minister Benjamin Netanyahu amid rising tensions between Iran and Tel Aviv. PM Modi said, in a post on X, that he shared India's concerns with Netanyahu and emphasized the need for early restoration of peace and stability in the region. 

Received a phone call from PM @netanyahu of Israel. He briefed me on the evolving situation. I shared India's concerns and emphasized the need for early restoration of peace and stability in the region. Narendra Modi (@narendramodi) June 13, 2025

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