India remains somewhat insulated from the ongoing energy crisis in West Asia, thanks to the government's efforts to diversify the country's energy imports over the last decade, officials said.
India has worked to change its energy source mix and promote domestically generated renewable energy, reducing its reliance on volatile regions.
The government has taken steps to safeguard exports and ensure uninterrupted imports of essential commodities, including energy, fertilisers, and edible oils from various sources.
Other countries, such as Japan, the UK, Egypt, Turkey, Singapore, and South Korea, are struggling with the crisis, facing shortages, price spikes, and inflationary pressures.
Oil prices have remained volatile since the US launched Operation Epic Fury on February 28, but India's energy supplies through the Strait of Hormuz appear manageable, officials said.
Union minister Hardeep Singh Puri said India has diversified its LPG procurement, securing cargoes from the US, Norway, Canada, Algeria, and Russia, in addition to Gulf sources.
