Energy & Agriculture Security: Bumper stock of oil, gas and fertilizers in the country amid Iran crisis; Government’s big announcement on prices


Amidst the growing geopolitical tension in West Asia (Middle East) and the US-Iran crisis, the Central Government has given a huge relief to the general public, domestic consumers and farmers of the country. The government has officially made it clear that despite the global turmoil, there is adequate and bumper stock of crude oil, LPG, natural gas and the most important fertilizers for farming in the country. Therefore, there is no need for the countrymen to be afraid of any kind of shortage or supply chain interruption.

Union Petroleum and Natural Gas Minister Hardeep Singh Puri assured the nation that India’s energy security is completely secure. India has advanced stocks of crude oil and natural gas reserved for national consumption for more than 60 days in strategic reserves. On the other hand, after the conclusion of the BRICS agriculture meeting held in Indore, Madhya Pradesh, Union Agriculture Minister Shivraj Singh Chauhan has also given good news to the farmers regarding the availability of fertilizers and subsidies.

Record increase in domestic production: Country becomes self-sufficient in LPG (LPG)

In this era of global crisis, India has greatly reduced its dependence on foreign imports by increasing domestic production of LPG (cooking gas) to a record level. According to the latest data released by the government:

  • Huge surge in production: Whereas earlier India’s domestic LPG production was only 32,000 metric tons per day, it has now increased on the basis of modern refining capacity. 54,000 metric tons per day The level has been crossed.

  • 75-80 days advance stock: Presently the country has Adequate stock of LPG for 75 to 80 days consumption It has been kept safe in different bottling plants and depots of the country, due to which the supply of domestic cylinders will remain completely uninterrupted.

Prices of petrol and diesel increased in the world, but decreased in India

Petroleum Minister Hardeep Singh Puri praised Indian oil management while comparing it with the global market. He told that from May 2022 May 2026 While the prices of petrol and diesel were skyrocketing and there was record inflation in the developed countries of the world, retail prices of petrol in India fell due to far-sighted policies. 3.1% decline Has been registered.

Government burden of ₹1 lakh crore: Recently, the huge reduction in excise duty (excise duty) on petrol and diesel by ₹ 10 per liter by the Central Government has put an additional financial burden of ₹ 1 lakh crore on the government treasury, but without worrying about the fiscal deficit, the government has passed this entire benefit to the pockets of the common people of the country.

  • Mahamission on Alternative Fuels (E85): To permanently reduce crude oil imports, the government is working at rocket speed on alternative green fuels. government’s goal December 2026 By increasing the number of E85 (85% ethanol blended petrol) fuel pumps in the country to 500 more December 2027 Till now it has to reach the huge figure of 5,000.

Boon for farmers: Urea and DAP will be available at old concessional rates only.

After the BRICS conference held in Indore, Union Agriculture Minister Shivraj Singh Chauhan, while addressing the farmers of the country, clarified that there is abundant quantity of fertilizer available in every state of the country for both Kharif and Rabi main crops.

  • Advance Storage System: Adequate urea and DAP are available with the cooperative societies for the current Kharif season and advance logistics arrangements have been completed for the upcoming Rabi season also.

  • Safety shield of subsidy: Even though the prices of raw materials and fertilizers are increasing in the international market due to global diplomatic tensions, the farmers of India Urea and DAP will continue to be available at the old subsidized rates.. The Central Government itself will bear the entire additional financial burden of the increased prices and not even Rs 1 of it will be allowed to impact the farmers.

The maze ready to deal with ‘El Nino’ ​​and drought

Impact on meteorology and Indian agriculture El Nino Talking about the negative climate impacts of 2019, the Agriculture Minister assured that the government has a complete and scientific disaster management plan ready to deal with this situation. Along with this, to improve the health of the country’s soil and ensure long-term sustainable farming, the government is using chemical fertilizers as an alternative to chemical fertilizers. Organic and natural farming is being promoted nationwide with huge incentives and financial help.