PM Modi on fuel, oil disaster: Government attempting to acquire from all doable sources

Prime Minister Narendra Modi on Tuesday (March 24, 2026) stated the federal government is attempting to acquire fuel and crude oil from all obtainable sources, and efforts will proceed within the coming days because the struggle in West Asia has created a severe power disaster globally.

In a press release within the Rajya Sabha, PM Modi stated the struggle in West Asia is a explanation for concern, and India needs peace within the area by means of dialogue and diplomacy.

Also Read | Rahul Gandhi says India’s silence on Iran attack diminishes country’s global standing

India’s goal is de-escalation of the struggle and opening of Strait of Hormuz, he stated, including the nation’s try is to encourage all sections to peacefully resolve all points.

If the West Asia disaster persists for an extended interval, severe penalties are imminent, the Prime Minister stated.

Follow the Parliament Budget Session LIVE

Commenting on India’s efforts for power safety, he stated prior to now 11 years, 53 lakh MT strategic oil reserves have been created; work on 65 lakh MT further capability is on.

Besides, the federal government has began a ₹70,000-crore venture to fabricate ships, he added.