PM Modi to chair CMs' meet tomorrow on West Asia conflict, energy security in focus

Prime Minister Narendra Modi will chair a virtual meeting with chief ministers on Friday at 6:30 pm to review the evolving situation in West Asia and assess its implications for India, particularly on liquefied petroleum gas (LPG) and crude oil supplies. 

The meeting comes amid heightened concerns over global energy flows due to Iran’s continued chokehold on the strategic Strait of Hormuz. According to reports, the discussions will focus on ensuring coordinated action between the Centre and states in line with the ‘Team India’ approach. 

An all-party meeting on the issue was held earlier this week under the chairmanship of Defence Minister Rajnath Singh. 

The Prime Minister, in his recent address in the Rajya Sabha, cautioned that the impact of the ongoing conflict could be prolonged and stressed the need for collective action. 

He asked state governments to help sustain India’s growth momentum, recalling the Centre-state coordination during the Covid pandemic in areas such as testing, vaccination, and essential supplies. He said that a similar spirit of cooperation is required to navigate the current crisis. 

States, which are currently undergoing elections, will not participate due to the Model Code of Conduct. However, a separate interaction with their Chief Secretaries will be held through the Cabinet Secretariat to ensure continuity in planning and response mechanisms. 

No fuel shortage, says government 

Amid concerns over possible disruptions, the Ministry of Petroleum and Natural Gas on Thursday assured that India's petroleum and LPG supplies remain fully secure, with no shortages reported across the country. 

“All retail fuel outlets have adequate stocks and are operating normally. There is no shortage of petrol, diesel or LPG anywhere in the country,” the ministry said, warning against what it termed a coordinated misinformation campaign aimed at creating panic. 

Supplies diversified, stocks adequate 

Addressing risks linked to the Strait of Hormuz, the ministry said India has diversified its crude sourcing base to over 41 countries, ensuring uninterrupted availability. 

It added that increased supplies from global markets, particularly the western hemisphere, have offset any disruptions. Domestic refineries are currently operating at over 100% capacity utilisation, with crude supplies secured for the next 60 days. 

Rejecting claims of limited reserves, the Centre said India has a total fuel reserve capacity of 74 days, with current stock cover around 60 days, including crude oil, refined products, and strategic reserves.