NEW DELHI: A day after PM Modi set out a list of “resolutions” to conserve fuel and save foreign exchange, govt on Monday urged people to stay calm and avoid panic, saying there were enough oil supplies in the country and concrete steps were being taken to prevent shortages and supply chain disruptions.Chairing a meeting of the informal group of ministers (IGoM) on West Asia developments, defence minister Rajnath Singh said, “govt’s primary focus is to ensure that energy flows remain uninterrupted, economic stability is maintained and maritime trade routes remain secure”.At CII’s annual meet, petroleum secretary Neeraj Mittal said there was no need for fuel rationing or panic buying, even as he urged people to follow the PM’s guidelines.Modi doubled down on his appeal on Monday, and suggested chools consider online classes temporarily. “First came Covid-19, followed by global economic challenges, and now rising tensions in West Asia. The impact of these circumstances is continuously being felt across the world, and India is certainly not immune to it,” he said in Vadodara. “Through every small and big effort, we must reduce consumption of imported products and refrain from personal activities that involve expenditure of foreign currency.” ‘Conservation effort aimed at building capacity for long-term’ Echoing the message, Mittal said, “At times of crisis, we need to remind ourselves that these fuels are expensive. If we can save on them, then that’s dollars saved. This money can go into some development programmes which are productive for the nation, rather than being blown in the air.”He added, “There are sufficient supplies. There is no rationing in place. It’s not going to happen. India has been an oasis of comfort.”Mittal said India’s large refining base had helped cushion supply shocks, meet domestic demand and allow exports of refined petroleum products.The IGoM, attended by several ministers, was informed that there is a surplus of essential commodities and the present conservation effort is directed at long-term capacity-building in case the crisis gets prolonged. “India has 60 days of crude oil, 60 days of natural gas and 45 days of LPG rolling stock. The foreign exchange reserves stand at a comfortable $703 billion. India is the world’s third largest oil refiner and fourth largest exporter of petroleum products, exporting to more than 150 countries, and it is meeting domestic demand in full. But there is a huge cost being borne by the nation as international crude prices are continuing at very high levels. Fuel conservation can ease this burden,” a govt release said.End of ArticleFollow Us On Social MediaVideosFormer TMC Minister Sujit Bose Arrested By ED In Municipality Recruitment ‘Scam’PM Modi Slams Destination Weddings Abroad, Urges Indians To Avoid Foreign Travel’Voted For Whistle’: MDMK Chief Vaiko’s House Helps’ Meeting With CM Vijay Goes ViralRahul Slams PM Modi’s Crisis Appeal | NIA Probes Bengaluru Security Scare IntensifyTMC Leaders Turn On I-PAC After Bengal Poll Rout, Raise Explosive Claims Against FirmAfter PM Modi’s ‘Save Oil’ Appeal, Rajnath Singh Chairs Key Energy Security Review Meeting’Deeply Shocking’: TVK Ally Questions Vijay Over Vande Mataram Priority At Oath CeremonyTVK Blames Governor’s Office As Tamil Anthem Row Explodes After Vijay’s Oath CeremonySC Asks Mamata To File Fresh Pleas Regarding Victory Margin Being Less Than SIR DeletionsCM Vijay Meets MK Stalin Amid Treasury Row, Fuels Buzz Over Tamil Nadu’s Political Reset123PhotostoriesGold price inflation: Trending alternatives to traditional gold jewellery in 2026Ripe vs Raw Papaya: Which has more nutrition and 5 ways to consume them during summerWhy Kumar Vishwas doesn’t keep these 2 things in his kitchen and shares his Aloo Tamatar Sabzi recipe10 wise quotes by Sudha Murty on love, life and marriageThese 10 daily habits could be the real reason you feel tired, stuck, and brokeAishwarya to Tara: Indian celebrities expected to shine at Cannes Film Festival 20265 stunning flowering plants that can cause Hay Fever7 shocking facts about lions that prove they are far more dangerous than most people think5 summer dinner sabzis you can make with just 2 tbsp of mustard oil10 things to do with your parents before it’s too late — Moments you’ll never regret123Hot PicksCBSE class 12 resultModi on buying goldOil prices todayPune child rape-murder casePerambur election resultIndia-New Zealand FTASugarcane price hikeTop TrendingRCBYesterday Match ResultIPL Points TableUS Iran warTilak VarmaChandranath Rath MurderIPL Orange Cap 2026AIADMK splitPM Modi WFHPBKS vs DC Match Preview
NEW DELHI: A day after PM Modi set out a list of “resolutions” to conserve fuel and save foreign exchange, govt on Monday urged people to stay calm and avoid panic, saying there were enough oil supplies in the country and concrete steps were being taken to prevent shortages and supply chain disruptions.Chairing a meeting of the informal group of ministers (IGoM) on West Asia developments, defence minister Rajnath Singh said, “govt’s primary focus is to ensure that energy flows remain uninterrupted, economic stability is maintained and maritime trade routes remain secure”.At CII’s annual meet, petroleum secretary Neeraj Mittal said there was no need for fuel rationing or panic buying, even as he urged people to follow the PM’s guidelines.Modi doubled down on his appeal on Monday, and suggested chools consider online classes temporarily. “First came Covid-19, followed by global economic challenges, and now rising tensions in West Asia. The impact of these circumstances is continuously being felt across the world, and India is certainly not immune to it,” he said in Vadodara. “Through every small and big effort, we must reduce consumption of imported products and refrain from personal activities that involve expenditure of foreign currency.”
‘Conservation effort aimed at building capacity for long-term’
Echoing the message, Mittal said, “At times of crisis, we need to remind ourselves that these fuels are expensive. If we can save on them, then that’s dollars saved. This money can go into some development programmes which are productive for the nation, rather than being blown in the air.”He added, “There are sufficient supplies. There is no rationing in place. It’s not going to happen. India has been an oasis of comfort.”Mittal said India’s large refining base had helped cushion supply shocks, meet domestic demand and allow exports of refined petroleum products.The IGoM, attended by several ministers, was informed that there is a surplus of essential commodities and the present conservation effort is directed at long-term capacity-building in case the crisis gets prolonged. “India has 60 days of crude oil, 60 days of natural gas and 45 days of LPG rolling stock. The foreign exchange reserves stand at a comfortable $703 billion. India is the world’s third largest oil refiner and fourth largest exporter of petroleum products, exporting to more than 150 countries, and it is meeting domestic demand in full. But there is a huge cost being borne by the nation as international crude prices are continuing at very high levels. Fuel conservation can ease this burden,” a govt release said.
