India's Crude Oil Supply: Even if there are problems in supply from Hormuz amid the recent attacks between America and Iran, India is in a much better position this time than before.

Petrol-Diesel Supply: India's backup plan ready for petrol-diesel supply

India's Crude Oil Backup: New military attacks between Iran and the United States have once again raised fears of a disruption in energy supplies through the Strait of Hormuz. However, India is now in a much better position to deal with this crisis than before. This is not what we are saying, but experts are saying. Industry experts say that even if supply disruptions occur this time due to the renewed war between the two countries, India's position on energy supplies is expected to be stronger than in previous periods.

According to a Business Standard report, a senior refinery official said, "Fuel prices will rise sharply if the Strait of Hormuz closes again. Fuel import costs are also likely to rise in September and October. However, the situation is much better this time. Deals for crude oil supplies through August have already been finalized. Arrangements for LPG imports have also been made. While some difficulties may arise with LNG, they can be managed."

India increased its sources of energy supply.

India is rapidly expanding its sources of energy supply. Compared to the previous 27, India now receives oil and gas from 41 countries. Currently, Russia is India's largest crude supplier. Additionally, India imports crude from the United States and West African countries. Previously, up to 45% of India's oil and gas imports were routed through the Strait of Hormuz. This has now been reduced to 30% under an emergency strategy.

Santosh Kamath, Managing Director of Alvarez & Marsal, said, "In the long term, we need to further diversify our energy sources and strengthen domestic energy security through measures such as greater electrification of transport and increased use of biofuels. However, these measures will take time to meaningfully reduce dependence on fossil fuels."

India has strong reserves.

Union Petroleum and Natural Gas Minister Hardeep Singh Puri stated that India has a 60-day stockpile of crude oil and a 60-day inventory backup of LNG to meet domestic consumption needs in case of any emergency. India also has a 45-day advance LPG stockpile. Furthermore, the country's refineries have been significantly upgraded to ensure that no matter what grade of crude oil arrives from anywhere in the world, there will be no problem in processing it.