Prime Minister Narendra Modi convened a high-level review on Sunday to assess India's power readiness amidst the ongoing West Asia conflict. The meeting came as global oil markets remained volatile, with Brent crude trading at $109 a barrel.
India received some supply relief with an LPG tanker from the United States docking along its western coast. However, tensions in West Asia showed no signs of easing, with US President Donald Trump warning of potential attacks on Iranian power infrastructure.
The Prime Minister focused on keeping essential sectors running smoothly, reviewing logistics and distribution networks to maintain steady supplies across the country. Retail petrol and diesel prices for regular consumers have largely remained unchanged, but other fuel categories have seen a notable uptick.
Industrial diesel has seen a sharp rise of around 25%, reflecting the pressure from global price movements. Officials indicated that the government is closely monitoring the situation, with a focus on safeguarding domestic supply.
New Delhi may revisit its fuel export plans if required to ensure adequate availability in the local market. India is one of the world's largest refining hubs.
