The evolving West Asia situation and its impact on India was the main focus of the fifth meeting of the Informal Group of Ministers (IGoM), chaired by Defence Minister Rajnath Singh on Monday.
The discussions were focused on reviewing "the existing risks to energy supply chains and domestic availability of essential commodities in the wake of the conflict in West Asia," Singh wrote in a post on X.
It was informed at the ministerial meeting that India's reserves are secure, and that there is no shortage of any petroleum products, unlike in other countries, where emergency measures have been taken to drastically reduce domestic consumption.
Specifically, it was notified that India currently has 60 days of crude oil, 60 days of natural gas and 45 days of LPG rolling stock, with foreign exchange reserves valued at $703 billion.
