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EconomyPIB2 May 2026
Updates on Key Sectors in View of Developments in West Asia
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๐ Summary:
- Government issued multi-sectoral update on energy supply, maritime operations, and Indian nationals safety amid West Asia conflict (Strait of Hormuz disruption)
- Energy: 100% supply maintained for domestic LPG, PNG, CNG (transport); commercial LPG prioritized for hospitals, educational institutions, pharma, steel, auto
- LPG delivery under DAC improved from 53% to 90%; 3.6 lakh PNG connections gasified; 3.9 lakh new CNG/PNG registrations
- Crude: Refineries getting supplies via alternate routing; oil PSUs maintaining 15-day strategic crude inventory
- Maritime: All Indian seafarers safe; 7.02 lakh+ Indian passengers returned via maritime and air routes
- Public advisory: avoid panic buying petrol/diesel/LPG; switch to PNG and electric/induction cooktops; rely on official sources only
- 24x7 war room coordinating with States/UTs and oil companies for real-time monitoring
๐ Prelims Facts:
- India imports ~85% of crude oil; West Asia (especially Gulf) is primary source
- Strait of Hormuz: ~20% of world oil and ~30% of global LNG passes through it
- DAC = Doorstep Delivery in Active Cylinder (LPG doorstep delivery scheme)
- India's SPR = Strategic Petroleum Reserves at Vizag, Mangaluru, Padur (~5 million tonnes)
West AsiapetroleumLPG supplyenergy securityStrait of Hormuz
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