Amid the Hormuz Crisis, India has moved into high alert mode over rising global oil supply fears linked to escalating tensions in West Asia and the Strait of Hormuz crisis. Rajnath Singh chaired a high-level emergency review meeting as the government assessed the impact of soaring crude prices and potential disruptions to global fuel supply chains. The Centre has assured citizens that India currently holds 60 days of crude oil and natural gas reserves along with 45 days of LPG stock, urging people not to panic buy fuel. Meanwhile, Narendra Modi appealed to citizens to conserve petrol and diesel as oil marketing companies reportedly absorb losses of nearly ₹1,000 crore every day due to rising global crude prices.
