The price of the Indian basket of crude oil rising to $85.24 per barrel on March 4, the highest level since July 2024.

If crude oil surges past $100 per barell, India could face a higher import bill, a weaker rupee and rising inflation, showing how distant geopolitical conflicts can quickly ripple into fuel prices and economic stability.

India is in a very comfortable situation regarding energy security, government sources have told NDTV Profit, stressing that there is no need to panic amid disruptions in the oil markets due to the Middle East war.

India is in a very comfortable situation regarding energy security, government sources have told NDTV Profit, stressing that there is no need to panic amid disruptions in the oil markets due to the Middle East war.

Officials said India has sufficient stocks of petrol, diesel, LPG and natural gas. The government is closely monitoring the energy situation and reviewing it several times a day.

There are sufficient stocks of crude oil and petroleum products such as petrol, diesel, and LPG. The oil companies are also importing from countries outside the Gulf region to cover the disruption in supplies due to the Iran war.