"So far we are comfortable," the official, who did not wish to be identified, said, adding that the oil ministry is in discussions with major producers and traders to secure oil, liquefied petroleum gas (LPG), and liquefied natural gas (LNG). India, the world's third biggest oil importer, relies on the Middle East for about 40 per cent of its oil imports and about 85-90 per cent of LPG imports. The official said India is looking at buying oil from all sources, including Russia, to replenish crude stocks. Several Indian companies have cut gas supplies to industries after production was halted by Qatar, India's largest LNG supplier. India is in talks with companies including Algeria's Sonatrach Petroleum, Abu Dhabi National Oil Co, and traders including Total, Vitol, and Trafigura for oil and gas supplies, he said.

Source: The Telegraph March 05, 2026 13:35 UTC