Middle East Conflict: PM Narendra Modi To Take Stock of Oil and Gas Situation Amid Escalating Tensions in West Asia
PM Modi will chair a high-level ministerial meeting on Sunday evening to review India’s energy security and supply chains as the conflict in West Asia continues to escalate. The review comes amid growing concerns over the stability of global oil and gas markets following recent strikes on critical energy infrastructure in the Gulf region.
New Delhi, March 22: Prime Minister Narendra Modi will chair a high-level meeting in the evening on Sunday to review the situation related to petroleum products, crude oil, power, and fertiliser sectors against the backdrop of the evolving situation in West Asia, according to reliable sources. The meeting, which will be attended by senior ministers, will focus on ensuring uninterrupted supply, stable logistics and efficient distribution of petroleum products across the country.
The government is taking proactive steps to safeguard energy security and maintain adequate availability. It is continuously monitoring global developments to protect consumer and industry interests, a senior official said. PM Narendra Modi Holds Another Phone Call With Iran’s President Masoud Pezeshkian, Conveys Eid and Nowruz Greetings Amid Middle East Conflict.
Prime Minister Narendra Modi spoke with Iran's President Masoud Pezeshkian on Saturday to discuss regional developments and strengthen bilateral cooperation. Both leaders expressed their shared hope that this festive season would usher in a period of peace, stability, and prosperity for the West Asian region.
PM Modi condemned the recent attacks on critical infrastructure in the region, noting that such actions threaten regional stability and disrupt vital global supply chains. The Prime Minister reiterated the critical importance of safeguarding the freedom of navigation and ensuring that international shipping lanes remain open and secure. Furthermore, he expressed his sincere appreciation for Iran’s continued support in ensuring the safety and security of Indian nationals residing in the country. MEA Says 8 of 16 Indian Sailors Held in Iran Released, in Touch With Authorities for Release of Remaining (Watch Video).
Amid concerns over LPG shortage, the government has diversified LPG imports and is buying liquefied petroleum gas from the US as well to plug the supply chain disruptions caused by the Middle East conflict.
India has diversified its oil and gas imports from sources other than the Middle East following the blocking of the Strait of Hormuz through which 20 per cent of the world’s oil and gas exports transit. As much as 70 per cent of the country’s oil imports are now coming from countries outside the Gulf. These include the US, Russia, and African countries such as Nigeria.
Due to the ongoing war, the LPG situation remains a matter of concern. However, there is no dry-out reported at any LPG distributorship. Online bookings have further increased to 94 per cent, according to senior officials. The crude oil situation and refinery operations remain normal in the country.
Domestic PNG and CNG are being supplied 100 per cent, and consumers have been requested to shift from LPG to PNG. The Centre has also asked all states to take necessary steps to prevent black marketing and hoarding, and raids are being carried out against black marketers.
(The above story first appeared on LatestLY on Mar 22, 2026 03:11 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).