New Delhi, March 11 -- India's crude oil supply remains secure despite disruptions to global energy routes caused by the ongoing West Asia crisis, a senior government official said on Wednesday, highlighting the country's diversified sourcing strategy and emergency measures to stabilise fuel availability.
Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said India's current crude procurement volumes exceed the quantity that would normally arrive via the strategically important Strait of Hormuz.
"India's crude supply remains secure. Our daily consumption is about 55 lakh barrels. Through diversified procurement, the volumes we have secured today exceed what would normally have arrived through the Strait of Hormu...