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  • India needs a better energy storage policy to handle future supply disruptions.
  • India depends heavily on imports for: 90% of crude oil, 50% of natural gas and 60% of LPG
  • India gets a large share of energy supplies from West Asia.
  • The ongoing West Asia conflict has exposed risks in India’s energy supply chain.
  • India currently has limited energy reserves: LPG: 22 days, Aviation fuel: 60 days, Crude oil: 74 days and No reserve for natural gas
  • Freight and energy costs have risen sharply due to the conflict.
  • Inflation is expected to rise to around 5.1% because of higher fuel and food prices.
  • Higher import costs may increase fiscal pressure and widen the current account deficit.