Vienna: Dharmendra Pradhan to represent India at OPEC meeting

Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, informed the Lok Sabha on Thursday that the country is successfully navigating the major disruption in global energy supplies following the West Asia conflict.

Speaking in the Lok Sabha, Rahul Gandhi said the war involving the United States, Israel and Iran is likely to have far-reaching global and domestic repercussions. He noted that the Strait of Hormuz, through which nearly 20% of the world's oil supply passes, has been blocked, creating a major disruption in global energy flows.

India, as an Associate Member of the International Energy Agency (IEA) and an active participant in international energy cooperation, welcomed the IEA's decision to release emergency oil stocks amid the prevailing supply disruptions, according to an official release.

The move comes in the backdrop of reports indicating public apprehension about a possible restriction in the supply of Liquefied Petroleum Gas (LPG) in the domestic market due to ongoing developments in West Asia.

Domestic LPG production has increased by about 25 percent and the entire domestic LPG production is being directed towards household consumers, Ministry of Petroleum & Natural Gas said on Wednesday.