Prime Minister Narendra Modi has called for a meeting with senior ministers today evening to review the status of the power, petroleum and fertiliser sectors. This comes amid impact on the energy sectors from the war between the United States and Israel against Iran, PTI reported citing sources.
PM Modi will chair the meeting later in the day on Sunday (22 March), they stated.
According to the report, the high-level meeting will focus on discussions over ensuring the steady supply and energy imports, stable logistics plan and efficient distribution across the country. The sources added that the Centre is “taking proactive steps to this end”.
“Continuous monitoring of global developments to protect consumer and industry interests is the key focus of the government,” they added.
On 12 March, PM Modi noted that the war in West Asia has triggered a worldwide energy crisis. He added that this poses a critical test of national character that requires dealing with circumstances through peace, patience, and increased public awareness.
The prime minister further emphasised that the Centre is working relentlessly to address disruptions that have emerged in international supply chains. “Continuous efforts are also underway to determine how we can overcome the disruptions that have occurred in the supply chain,” Modi said.
Since the war began on February 28 after the US and Israel launched joint strikes on Iran over alleged nuclear capabilities, the prime minister has spoken to many global leaders. Iran has since retaliated by attacking Israel and several of its Gulf neighbours for being allies of the Washington and Tel Aviv.
The situation in West Asia has raised concerns for India, which relies heavily on the Middle East for its energy requirements. Reduced supply from one of its largest suppliers could impact both availability and pricing in the domestic market.
Iran controls the Strait of Hormuz, which transports 20% of the world’s fuel supply (85-90% of India’s LPG imports from West Asia, including Saudi Arabia and Qatar), and has allowed very few ships to cross since the war began.
Since the conflict, Modi has had telephonic conversations with leaders from Bahrain, France, Iran, Israel, Jordan, Kuwait, Malaysia, Qatar, Saudi Arabia, and the United Arab Emirates (UAE), as per the report.
(With inputs from PTI, Agencies)