India's Energy Predicament: Navigating Security and Vulnerability Amidst West Asia Crisis

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West Asia Crisis: India's Energy Security Tested Amid Soaring Oil Prices and Supply Threats

Experts note that while India’s near-term supply is secure, the immediate impact of the West Asia tensions will likely be reflected in higher crude prices and broader macroeconomic pressures. Representational image: Reuters/Amit Dave

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Firstpost•10-03-2026, 16:18

West Asia Crisis: India's Energy Security Tested Amid Soaring Oil Prices and Supply Threats

•West Asia crisis escalates, driving oil and gas prices up and threatening crucial supply routes like the Strait of Hormuz.
•Iran's retaliatory strikes on oil infrastructure and threats to the Strait of Hormuz heighten fears of broader energy disruption.
•India, a major oil importer, faces acute supply risks and price volatility despite current short-term supply security.
•India is expanding Strategic Petroleum Reserves (SPR) and diversifying suppliers to mitigate risks and ensure long-term energy security.
•The country aims to increase refining capacity to 400-450 MMTPA by 2035 and invest in overseas oil blocks to reduce import dependence.

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While government has indicated that India has 50 days worth of crude stock and 20-30 days worth of LPG left, a long term closure of the Hormuz Strait will force refiners to diversify their options and may push up costs.

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