Russia has conveyed its readiness to assist India with energy supplies if escalating tensions in the Gulf disrupt global oil flows, say reports citing a Russian source.
The offer comes as rising instability in West Asia has unsettled energy markets and heightened concerns over shipments through the Strait of Hormuz, a critical maritime route that handles a significant share of the world’s oil and gas trade.
The Indian government reportedly said on Tuesday that the country currently holds sufficient crude and fuel stocks to manage short-term supply shocks. Government sources stated that inventories of crude oil and petroleum products are adequate to meet domestic demand for petrol, diesel and other fuels for six to eight weeks.
Reports citing officials said India has total reserves sufficient for around 50 days, comprising approximately 25 days’ worth of crude oil and another 25 days of refined petroleum products.
Nearly half of India’s crude oil and liquefied petroleum gas (LPG) imports pass through the Strait of Hormuz. Shipping in the region has faced disruption following US and Israeli strikes on Iranian targets and subsequent warnings issued by Tehran to vessels. Withdrawals of insurance cover have also affected tanker movements, as per reports.
Amid mounting tensions in the Middle East, Indian authorities are exploring alternative sources for crude oil, LPG and liquefied natural gas (LNG) imports.
Petroleum and Natural Gas Minister Hardeep Singh Puri reportedly said India is well prepared to deal with any short-term supply disruptions arising from the evolving geopolitical situation, according to the Press Information Bureau.
India, the world’s third-largest crude oil importer, ranks fourth in refining capacity and fifth in petroleum product exports. Officials emphasised that there is no immediate cause for concern regarding fuel availability, including petrol, diesel and aviation turbine fuel (ATF).
However, while immediate shortages appear unlikely, authorities warned that the more pressing impact may be on prices. Brent crude has climbed above $80 per barrel, roughly 10% higher since the onset of the Iran crisis, raising concerns over India’s import bill and inflationary pressures.
India spent $137 billion on crude oil imports in the financial year 2024-25 and $100.4 billion between April 2025 and January 2026, official data showed.
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