New Delhi, March 26 -- India has secured crude oil supplies for the next 60 days despite escalating tensions in the Middle East and disruptions around the Strait of Hormuz, the government said, asserting that diversified sourcing has more than compensated for any supply risks.
The Ministry of Petroleum and Natural Gas said the country is currently receiving higher volumes of crude from its network of over 41 global suppliers, particularly from the western hemisphere, offsetting any disruption in shipments routed through the Strait.
"Despite the situation at the Strait of Hormuz, India is today receiving more crude oil from its 41-plus suppliers across the world than what was previously arriving through the Straits. High volumes available ...