West Asia conflict: PM Modi asks Ministers to ensure consumers aren't impacted

New Delhi: Prime Minister Narendra Modi on Tuesday met some top ministers and asked them to work together to ensure consumers do not suffer from the impact of the West Asia conflict on the supply and price of petroleum products, sources said. Amid rising tensions in West Asia ever since the US and Israel attacked Iran, oil prices have risen substantially and there have been apprehensions about a possible shortage of petroleum products, including LPG, in India.

The sources said Modi has been proactive in ensuring that Indian consumers do not face the brunt of higher petroleum prices, as India is a net importer of crude oil and natural gas.

They said the PM told the ministers to work in coordination and ensure that there is no shortage of petroleum products and LPG.


PM Modi met external affairs minister S Jaishankar, oil minister Hardeep Singh Puri, finance minister Nirmala Sitharaman and commerce minister Piyush Goyal.

The sources said India has now diversified its procurement from other countries as well and is sourcing them from the US, Russia, Venezuela, Australia and other Oceanic countries.