India Opts Out Of IEA Oil Release Amid Global Price Surge | News9

Описание: India has decided not to participate in the International Energy Agency’s strategic oil release initiative despite crude prices soaring above $119 per barrel amid the ongoing U.S.–Israel–Iran conflict. Government sources confirm that India’s fuel supplies, including petrol, diesel, jet fuel, and LPG, remain comfortable, with strategic reserves spread across three locations holding over five million metric tonnes of crude. Indian refiners continue purchasing Russian crude under a temporary U.S. waiver, while additional LPG supplies from the U.S. and Canada are being secured to meet domestic demand. Officials emphasize that, despite global energy market volatility, India’s energy situation remains stable for now.

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