India well-placed to deal with any situation on crude oil, fuel: Goyal
Union Minister Piyush Goyal on Saturday said India is well-placed to deal with any situation on crude oil and fuel, as the West Asia crisis disrupts gas shipments and shipping routes, and highlighted that the Government has ramped up kerosene production to provide an alternate option for the common man.
Speaking at the CNBC-TV India Business Leaders Awards 2026 ceremony, Goyal said the government plans to come up with some “concrete agenda” next week to support exporters.
“On crude oil, on fuel, we are pretty well placed. We have good stocks in hand. There’s been absolutely no disturbance of any sort on the crude or the fuel front, petrol, diesel, aviation fuel,” Goyal said.
He said that India has ramped up kerosene production so that, in the event of any delays in LPG supplies, there will be an alternate cooking medium for the common man. “Incidentally, we are also covering through imports from diversified sources the requirements of LPG and LNG,” he said. “The shipping times were barely three or four days, at best seven days, when these shipments of gas came into India, he said, adding that “Now we have to diversify to sources which are significantly far away from India... Canada, the US, and possibly Russia, we are looking at various alternate sources which will feed the requirements of India,” he said.
Terming the ongoing geopolitical situation a wake-up call for the country, he said that whenever India faced a challenge, it has always been able to convert that into an opportunity.
