India energy security backed by diversified oil imports, says ex-BPCL director
Synopsis
Key Takeaways
India's energy security framework has matured into a robust and resilient system, underpinned by diversified crude oil imports, expanded refining capacity, and tightly coordinated crisis management, former Bharat Petroleum Corporation Limited (BPCL) Marketing Director Sukhmal Kumar Jain said on 1 July in New Delhi. Jain's assessment offers a rare insider account of how India navigated successive global supply shocks without triggering domestic fuel shortages.
How India Diversified Its Energy Sources
According to Jain, the government significantly strengthened the country's energy ecosystem over the past decade by broadening crude oil import sources, scaling up refining capacity, building out strategic petroleum reserves, and deepening coordination among public sector oil marketing companies. He noted that India maintained active engagement with all international energy partners to keep fuel flows uninterrupted.
'During periods of global uncertainty and supply disruptions, continuous monitoring, alternative supply arrangements and timely decision-making ensured that the availability of petrol, diesel and LPG remained unaffected across the country,' Jain said.
LPG Imports Expanded to New Geographies
On the LPG front, India significantly expanded its import basket to include Argentina, the United States, Algeria, and Japan, reducing dependence on any single corridor. The result, Jain said, was that roughly 33 crore LPG households and nearly 8 crore petrol pump customers did not face any major supply disruptions. LPG cargoes continued to reach India safely even as global freight and supply chains came under stress.
Availability and Affordability: The Twin Priorities
'The first priority was ensuring availability, which is a key factor for any commodity. The second factor is affordability. As we all know, global crude prices increased by almost 150 per cent,' Jain said. The dual mandate — keeping shelves stocked while cushioning consumers from price volatility — shaped every policy decision during the crisis period, he added.
Inter-Ministry Coordination Was the Backbone
Jain credited the synergy between the Ministry of External Affairs, the Ministry of Petroleum and Natural Gas, shipping agencies, and oil companies — including Indian Oil, Bharat Petroleum, and Hindustan Petroleum — as the single biggest strength during challenging periods. Regular review meetings allowed authorities to monitor fuel stocks, respond to emerging gaps, and communicate accurate information to the public, preventing panic buying or unnecessary stockpiling.
Decade of Infrastructure Investment Paying Off
Over the past 11 years, India has made substantial investments in refinery modernisation, pipeline infrastructure, LNG terminals, city gas distribution networks, and strategic petroleum reserves, Jain noted. These investments, he argued, have materially enhanced India's preparedness to absorb future supply disruptions — positioning the country to respond faster and with greater flexibility than in previous decades. As global energy markets remain volatile, the resilience built through this infrastructure push is expected to serve as a critical buffer in the years ahead.