India maintains fuel stability amid Hormuz disruptions
after close1 source ↓written by the desknot a recommendation
- 60 days of LNG stocks
- despite ongoing disruptions
- 45 days of LPG reserves
Petroleum Minister Hardeep Puri reassured that India has 60 days of crude oil reserves, 60 days of LNG stocks, and 45 days of LPG reserves despite ongoing disruptions in the Strait of Hormuz. He emphasized that there are no supply-side problems, urging citizens not to panic amid global energy uncertainties. This stability could support energy sector stocks in the near term.
Not investment advice. For informational purposes only.