India Assures Fuel Stability Amid West Asia Conflict

Union Minister Nitin Gadkari reassures citizens of no fuel shortage in India despite the West Asia conflict. The government is focusing on self-reliance through alternative energy solutions like electric and ethanol vehicles, aiming to reduce import dependency and increase exports while maintaining stable fuel supplies.

In a decisive response to mounting global tensions, Union Road Transport and Highways Minister Nitin Gadkari reassured the nation there is no immediate threat to India's fuel supply. Speaking on Thursday, Gadkari emphasized the government's proactive strategies to maintain energy stability despite the current West Asia conflict.

Highlighting India's reliance on imports for 86 per cent of its energy, Gadkari endorsed a shift towards indigenous alternatives. 'We're introducing vehicles powered by electric and ethanol to decrease dependencies,' he stated, underscoring the government's commitment to expand export-focused trade and bolster self-sufficiency.

The focus is shifting towards solar power and indigenous biofuels—evident from a 40-50 per cent surge in electric vehicle sales and the establishment of ethanol plants. Meanwhile, the Ministry of Petroleum and Natural Gas affirmed India's crude oil stocks are sufficient, with refinery operations at peak capacity, ensuring stable domestic fuel prices.

(With inputs from agencies.)