SpiceJet-Akasa Aircraft Collision at Delhi Airport: Taxiing plane hits stationary aircraft, passengers safe

Parents Demand Action: UK PM Starmer calls on X, Meta, Snap Inc., YouTube, TikTok to step up on child safety

Wipro Headcount: IT major adds 8,800 employees YoY, vs TCS reduction of 23,000 jobs

Military conflict not the answer, says PM Modi at joint press meet with Austrian Chancellor Stocker

Rs 15,000 Crore Buyback: Wipro announces share repurchase at 19% premium; check price, route and key details

Wipro Q4 Results: Profit rises 13%, beats estimates; revenue misses, Rs 15,000 crore buyback announced

HDFC Life Q4 Results: Insurer beats estimates with Rs 496 crore PAT, declares 21% dividend

Top Picks & NFO Opportunities: Where should you invest now in mutual funds? Anil Singhvi explains

Big Trading Update: SEBI’s new rule for broker terminals may curb misuse; what investors should know

Yamaha rolls out updated Fascino 125 Fi Hybrid scooter at Rs 76,500 

West Asia Crisis: Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Thursday that the country's crude oil position is "secure", with no cause for concern. Speaking in the Lok Sabha on steps taken to address global energy supply disruptions arising from the West Asia conflict, Puri said that the government is closely monitoring the entire situation. "The world has not faced a moment like this in modern energy history," he told Parliament. 
"India’s crude supply position is secure, and volumes secured exceed what Hormuz would have delivered. Before this crisis, approximately 45 per cent of India’s crude imports transited the Hormuz route," he said. India has secured crude volumes that exceed what the disrupted Strait route would have delivered in the same period, he noted.
"Non-Hormuz sourcing has risen to approximately 70 per cent of crude imports, up from 55 per cent before the conflict began," added Puri. 
His remarks come amid ongoing tensions in the Middle East, especially disruptions in the Strait of Hormuz -- a maritime region that roughly one-fifth of the world's oil and gas supply flows through. 
India has sufficient crude oil supplies despite disruptions in the Strait of Hormuz, with imports already underway from 40 countries, according to the minister. 
He also emphasised that about 20 per cent supplies have been impacted through the Strait of Hormuz. 
<h2>What oil minister said on LPG supplies </h2>
Speaking on LPG supplies, the Union Minister urged consumers not to panic. "(LPG) demand had increased due to panic," he said.
Gas supplies are being prioritised for domestic needs, he said, echoing the central government's recent remarks on the situation. The government has said that priority will be given to essential sectors, such as hospitals and educational institutions.
 LPG production has increased by up to 28 per cent in the past five days, said Puri. 
Refineries are operating at full capacity, he said. 
<h2>CNG supplies</h2>
CNG supplies, he said, are currently at 100 per cent.
<img alt="India crude oil supply secure despite Strait of Hormuz disruption, Hardeep Singh Puri says no petrol diesel shortage in India, West Asia crisis impact on India LPG and fuel supply, how India is managing oil imports during Middle East tensions, why Strait " height="675" src="https://cdn.zeebiz.com/sites/default/files/2026/03/12/402166-middleeastcrisis-crisis11112006753-ai.jpg" width="1200" />
<h2>What Hardeep Singh Puri said on petrol and diesel</h2>
Puri also said that there is no shortage of petrol or diesel in the country. 
Puri's statements came a day after four government departments -- including the oil ministry -- shared updates related to the West Asia crisis and its potential impact on the Indian economy.
The central government said it will continue to track the situation, urging the public not to panic-book LPG refills or hoard fuel in panic.   
It maintained that the country's crude oil supplies remain secure despite West Asia tensions, with inflows placed larger than consumption and crude import diversification already enhancing supplies.
To allay growing concerns about LPG shortages, officials highlighted stepped-up domestic production and refineries running at full capacity.
The country's daily consumption stands at 55 lakh barrels. However, volumes secured exceed normal levels of supplies through the Strait of Hormuz due to diversified procurement.
Normally, India's natural gas consumption is about 189 MMSCMD, out of which, 97.5 MMSCMD is produced domestically.
Currently, about 47.4 MMSCMD of supply has been affected due to force majeure conditions.
India imports about 60 per cent of its LPG requirement. Out of these imports, about 90 per cent of supplies normally come through the Strait of Hormuz.
The government has formed a three-member panel, comprising Executive Directors from state-run oil marketing companies IOCL, HPCL and BPCL, to review allocations to restaurants, hotels and other commercial users. The committee will ensure that available LPG supplies are distributed fairly and in a transparent manner.
<h2>March 12 Government Briefing   </h2>
"As far as crude oil is concerned, the situation remains quite comfortable," said Petroleum and Natural Gas Joint Secretary (Marketing and Oil Refinery) Sujata Sharma at a media briefing. "India is the fourth-largest refiner in the world, which provides considerable comfort regarding the availability of products such as petrol and diesel," she said. 
She reiterated that through an order under the Essential Commodities Act, all the refineries are directed to maximise LPG production. "As a result of that, the production has increased. Yesterday, it was 25 per cent; now, it is 28 per cent of our domestic production," she said. 
<img alt="India oil supply update, Strait of Hormuz impact India, India LPG production surge, India fuel supply status, India crude imports bypass Hormuz routes, India consumes 55 lakh barrels crude daily, world fourth largest refining hub India, India fuel retail " title="India oil supply update, Strait of Hormuz impact India, India LPG production surge, India fuel supply status, India crude imports bypass Hormuz routes, India consumes 55 lakh barrels crude daily, world fourth largest refining hub India, India fuel retail " height="675" width="1200" src="https://cdn.zeebiz.com/sites/default/files/Mar12_oil____Hardeep___1200_675_3----_bg_AI.jpg" />
"We have a very vast network of retail outlets. Almost one lakh retail outlets are operating in the country. No dry out has been reported on any of these retail outlets," added Sharma. 
<blockquote>Following government intervention, more than 70% of our imports are now coming through routes other than the <a href="https://twitter.com/hashtag/StraitofHormuz?src=hash&amp;ref_src=twsrc%5Etfw">#StraitofHormuz</a>. Therefore, as far as crude oil is concerned, the situation remains quite comfortable. As stated earlier, India consumes around 55 lakh barrels of oil… <a href="https://t.co/9ZNubI6Ofj">pic.twitter.com/9ZNubI6Ofj</a>
— PIB India (@PIB_India) <a href="https://twitter.com/PIB_India/status/2032080188704715214?ref_src=twsrc%5Etfw">March 12, 2026</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Here are answers to frequently asked questions (FAQs) on the development:
Is India facing a crude oil shortage?
No. According to the government, the country's crude oil position remains secure.
What is impacting global oil supplies?
Tensions in West Asia and disruptions near the Strait of Hormuz are obstructing global supplies, with countries -- including India -- mulling alternatives to traditional shipping routes and sources. 
How important is the Strait of Hormuz?
It is a crucial maritime route that enables the movement of about 20 per cent of the world's oil and gas supplies.
How much of India's crude oil imports are impacted?
Around 20 per cent of the normal supplies through the strait are impacted due to the crisis.
How is India managing crude supply risk?
India has ramped up domestic production and diversified its imports. It is now importing from 40 countries outside of the Strait of Hormuz zone. 
Is there enough crude oil for domestic needs?
Yes. According to the government, inflows exceed daily consumption levels.
Should consumers worry about LPG shortages?
No. The government has urged people not to panic.
What has caused domestic LPG demand to surge?
According to the government, panic-booking has led to higher demand.
Has domestic LPG production changed?
Yes. In the past five days, domestic production of the cooking gas is up 28 per cent. 
Are refineries operating normally?
Yes, they are running at maximum capacity.
Are CNG supplies impacted?
CNG supplies remain at 100 per cent, according to the government. 
Is there any shortage of petrol or diesel?
According to the government, petrol and diesel supplies remain at normal levels.
Which sectors will get priority gas supplies?
The government has assured priority supplies for domestic use and for essential services like hospitals. 
How much LPG does India import?
About 60 per cent of the country's LPG demand is met through imports.
Has the government taken steps to manage LPG distribution?
Yes. It has formed a three-member panel that will review allocations.
What is India’s daily crude consumption?
The country consumes about 55 lakh barrels of crude oil every day.
Are authorities monitoring the situation closely? 
Yes.

West Asia Crisis: Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Thursday that the country's crude oil position is "secure", with no cause for concern. Speaking in the Lok Sabha on steps taken to address global energy supply disruptions arising from the West Asia conflict, Puri said that the government is closely monitoring the entire situation. "The world has not faced a moment like this in modern energy history," he told Parliament. "India’s crude supply position is secure, and volumes secured exceed what Hormuz would have delivered. Before this crisis, approximately 45 per cent of India’s crude imports transited the Hormuz route," he said. India has secured crude volumes that exceed what the disrupted Strait route would have delivered in the same period, he noted."Non-Hormuz sourcing has risen to approximately 70 per cent of crude imports, up from 55 per cent before the conflict began," added Puri. His remarks come amid ongoing tensions in the Middle East, especially disruptions in the Strait of Hormuz -- a maritime region that roughly one-fifth of the world's oil and gas supply flows through. India has sufficient crude oil supplies despite disruptions in the Strait of Hormuz, with imports already underway from 40 countries, according to the minister. He also emphasised that about 20 per cent supplies have been impacted through the Strait of Hormuz. What oil minister said on LPG supplies Speaking on LPG supplies, the Union Minister urged consumers not to panic. "(LPG) demand had increased due to panic," he said.Gas supplies are being prioritised for domestic needs, he said, echoing the central government's recent remarks on the situation. The government has said that priority will be given to essential sectors, such as hospitals and educational institutions. LPG production has increased by up to 28 per cent in the past five days, said Puri. Refineries are operating at full capacity, he said. CNG suppliesCNG supplies, he said, are currently at 100 per cent.What Hardeep Singh Puri said on petrol and dieselPuri also said that there is no shortage of petrol or diesel in the country. Puri's statements came a day after four government departments -- including the oil ministry -- shared updates related to the West Asia crisis and its potential impact on the Indian economy.The central government said it will continue to track the situation, urging the public not to panic-book LPG refills or hoard fuel in panic.   It maintained that the country's crude oil supplies remain secure despite West Asia tensions, with inflows placed larger than consumption and crude import diversification already enhancing supplies.To allay growing concerns about LPG shortages, officials highlighted stepped-up domestic production and refineries running at full capacity.The country's daily consumption stands at 55 lakh barrels. However, volumes secured exceed normal levels of supplies through the Strait of Hormuz due to diversified procurement.Normally, India's natural gas consumption is about 189 MMSCMD, out of which, 97.5 MMSCMD is produced domestically.Currently, about 47.4 MMSCMD of supply has been affected due to force majeure conditions.India imports about 60 per cent of its LPG requirement. Out of these imports, about 90 per cent of supplies normally come through the Strait of Hormuz.The government has formed a three-member panel, comprising Executive Directors from state-run oil marketing companies IOCL, HPCL and BPCL, to review allocations to restaurants, hotels and other commercial users. The committee will ensure that available LPG supplies are distributed fairly and in a transparent manner.March 12 Government Briefing   "As far as crude oil is concerned, the situation remains quite comfortable," said Petroleum and Natural Gas Joint Secretary (Marketing and Oil Refinery) Sujata Sharma at a media briefing. "India is the fourth-largest refiner in the world, which provides considerable comfort regarding the availability of products such as petrol and diesel," she said. She reiterated that through an order under the Essential Commodities Act, all the refineries are directed to maximise LPG production. "As a result of that, the production has increased. Yesterday, it was 25 per cent; now, it is 28 per cent of our domestic production," she said. "We have a very vast network of retail outlets. Almost one lakh retail outlets are operating in the country. No dry out has been reported on any of these retail outlets," added Sharma. Following government intervention, more than 70% of our imports are now coming through routes other than the #StraitofHormuz. Therefore, as far as crude oil is concerned, the situation remains quite comfortable. As stated earlier, India consumes around 55 lakh barrels of oil… pic.twitter.com/9ZNubI6Ofj— PIB India (@PIB_India) March 12, 2026Here are answers to frequently asked questions (FAQs) on the development:Is India facing a crude oil shortage?No. According to the government, the country's crude oil position remains secure.What is impacting global oil supplies?Tensions in West Asia and disruptions near the Strait of Hormuz are obstructing global supplies, with countries -- including India -- mulling alternatives to traditional shipping routes and sources. How important is the Strait of Hormuz?It is a crucial maritime route that enables the movement of about 20 per cent of the world's oil and gas supplies.How much of India's crude oil imports are impacted?Around 20 per cent of the normal supplies through the strait are impacted due to the crisis.How is India managing crude supply risk?India has ramped up domestic production and diversified its imports. It is now importing from 40 countries outside of the Strait of Hormuz zone. Is there enough crude oil for domestic needs?Yes. According to the government, inflows exceed daily consumption levels.Should consumers worry about LPG shortages?No. The government has urged people not to panic.What has caused domestic LPG demand to surge?According to the government, panic-booking has led to higher demand.Has domestic LPG production changed?Yes. In the past five days, domestic production of the cooking gas is up 28 per cent. Are refineries operating normally?Yes, they are running at maximum capacity.Are CNG supplies impacted?CNG supplies remain at 100 per cent, according to the government. Is there any shortage of petrol or diesel?According to the government, petrol and diesel supplies remain at normal levels.Which sectors will get priority gas supplies?The government has assured priority supplies for domestic use and for essential services like hospitals. How much LPG does India import?About 60 per cent of the country's LPG demand is met through imports.Has the government taken steps to manage LPG distribution?Yes. It has formed a three-member panel that will review allocations.What is India’s daily crude consumption?The country consumes about 55 lakh barrels of crude oil every day.Are authorities monitoring the situation closely? Yes.

Middle East Crisis: Petroleum and Natural Gas Minister Hardeep Singh Puri said on Thursday that crude oil supplies in the country are completely secure. His remarks followed roughly two weeks of heightened geopolitical tensions in the Middle East.

Middle East Crisis: LPG output up 28% in 5 days, demand rose due to panic, says oil minister

news-middle-east-crisis-indian-government-briefing-day-2-press-conference-march-12-2026-highlights-391875

West Asia Crisis: Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Thursday that the countrys crude oil position is secure, with no cause for concern. Speaking in the Lok Sabha on steps taken to address global energy supply disruptions arising from the West Asia conflict, Puri said that the government is closely monitoring the entire situation. The world has not faced a moment like this in modern energy history, he told Parliament.  India’s crude supply position is secure, and volumes secured exceed what Hormuz would have delivered. Before this crisis, approximately 45 per cent of India’s crude imports transited the Hormuz route, he said. India has secured crude volumes that exceed what the disrupted Strait route would have delivered in the same period, he noted. Non-Hormuz sourcing has risen to approximately 70 per cent of crude imports, up from 55 per cent before the conflict began, added Puri.  His remarks come amid ongoing tensions in the Middle East, especially disruptions in the Strait of Hormuz -- a maritime region that roughly one-fifth of the worlds oil and gas supply flows through.  India has sufficient crude oil supplies despite disruptions in the Strait of Hormuz, with imports already underway from 40 countries, according to the minister.  He also emphasised that about 20 per cent supplies have been impacted through the Strait of Hormuz.  What oil minister said on LPG supplies  Speaking on LPG supplies, the Union Minister urged consumers not to panic. (LPG) demand had increased due to panic, he said. Gas supplies are being prioritised for domestic needs, he said, echoing the central governments recent remarks on the situation. The government has said that priority will be given to essential sectors, such as hospitals and educational institutions.  LPG production has increased by up to 28 per cent in the past five days, said Puri.  Refineries are operating at full capacity, he said.  CNG supplies CNG supplies, he said, are currently at 100 per cent. What Hardeep Singh Puri said on petrol and diesel Puri also said that there is no shortage of petrol or diesel in the country.  Puris statements came a day after four government departments -- including the oil ministry -- shared updates related to the West Asia crisis and its potential impact on the Indian economy. The central government said it will continue to track the situation, urging the public not to panic-book LPG refills or hoard fuel in panic.    It maintained that the countrys crude oil supplies remain secure despite West Asia tensions, with inflows placed larger than consumption and crude import diversification already enhancing supplies. To allay growing concerns about LPG shortages, officials highlighted stepped-up domestic production and refineries running at full capacity. The countrys daily consumption stands at 55 lakh barrels. However, volumes secured exceed normal levels of supplies through the Strait of Hormuz due to diversified procurement. Normally, Indias natural gas consumption is about 189 MMSCMD, out of which, 97.5 MMSCMD is produced domestically. Currently, about 47.4 MMSCMD of supply has been affected due to force majeure conditions. India imports about 60 per cent of its LPG requirement. Out of these imports, about 90 per cent of supplies normally come through the Strait of Hormuz. The government has formed a three-member panel, comprising Executive Directors from state-run oil marketing companies IOCL, HPCL and BPCL, to review allocations to restaurants, hotels and other commercial users. The committee will ensure that available LPG supplies are distributed fairly and in a transparent manner. March 12 Government Briefing    As far as crude oil is concerned, the situation remains quite comfortable, said Petroleum and Natural Gas Joint Secretary (Marketing and Oil Refinery) Sujata Sharma at a media briefing. India is the fourth-largest refiner in the world, which provides considerable comfort regarding the availability of products such as petrol and diesel, she said.  She reiterated that through an order under the Essential Commodities Act, all the refineries are directed to maximise LPG production. As a result of that, the production has increased. Yesterday, it was 25 per cent; now, it is 28 per cent of our domestic production, she said.  We have a very vast network of retail outlets. Almost one lakh retail outlets are operating in the country. No dry out has been reported on any of these retail outlets, added Sharma.  Following government intervention, more than 70% of our imports are now coming through routes other than the #StraitofHormuz. Therefore, as far as crude oil is concerned, the situation remains quite comfortable. As stated earlier, India consumes around 55 lakh barrels of oil… pic.twitter.com/9ZNubI6Ofj — PIB India (@PIB_India) March 12, 2026 Here are answers to frequently asked questions (FAQs) on the development: Is India facing a crude oil shortage? No. According to the government, the countrys crude oil position remains secure. What is impacting global oil supplies? Tensions in West Asia and disruptions near the Strait of Hormuz are obstructing global supplies, with countries -- including India -- mulling alternatives to traditional shipping routes and sources.  How important is the Strait of Hormuz? It is a crucial maritime route that enables the movement of about 20 per cent of the worlds oil and gas supplies. How much of Indias crude oil imports are impacted? Around 20 per cent of the normal supplies through the strait are impacted due to the crisis. How is India managing crude supply risk? India has ramped up domestic production and diversified its imports. It is now importing from 40 countries outside of the Strait of Hormuz zone.  Is there enough crude oil for domestic needs? Yes. According to the government, inflows exceed daily consumption levels. Should consumers worry about LPG shortages? No. The government has urged people not to panic. What has caused domestic LPG demand to surge? According to the government, panic-booking has led to higher demand. Has domestic LPG production changed? Yes. In the past five days, domestic production of the cooking gas is up 28 per cent.  Are refineries operating normally? Yes, they are running at maximum capacity. Are CNG supplies impacted? CNG supplies remain at 100 per cent, according to the government.  Is there any shortage of petrol or diesel? According to the government, petrol and diesel supplies remain at normal levels. Which sectors will get priority gas supplies? The government has assured priority supplies for domestic use and for essential services like hospitals.  How much LPG does India import? About 60 per cent of the countrys LPG demand is met through imports. Has the government taken steps to manage LPG distribution? Yes. It has formed a three-member panel that will review allocations. What is India’s daily crude consumption? The country consumes about 55 lakh barrels of crude oil every day. Are authorities monitoring the situation closely?  Yes.