Govt. absorbed global oil shock, didn’t pass it on to consumers: Hardeep Puri
Union Petroleum Minister Hardeep Singh Puri stated that India has maintained stable energy supplies despite a 60-day disruption caused by the closure of the Strait of Hormuz. The government absorbed the global oil price shock and prevented it from impacting domestic consumers. This resilience was credited to long-term planning and timely policy actions by the Modi government.
- ▪India maintained stable energy supplies during a 60-day Strait of Hormuz closure.
- ▪The government absorbed global oil price shocks instead of passing costs to consumers.
- ▪Stable supplies were attributed to long-term planning and policy interventions by the Modi government.
Opening excerpt (first ~120 words) tap to expand
Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Friday (May 1, 2026) that India has maintained stable energy supplies and shielded consumers from global price shocks despite a prolonged disruption caused by the closure of the Strait of Hormuz amid the West Asia crisis.Mr. Puri said the country has remained resilient even after 60 days of supply disruption, attributing the stability to long-term planning and timely policy interventions by the Narendra Modi government.
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