Closely monitoring energy markets and potential supply disruptions: Govt

India stands ready to take appropriate action for ensuring ongoing supplies at stable prices, says ministry of petroleum

With international crude prices on a rise following the Ukraine crisis, the government of India said on Saturday that it is considering the release of some amount of strategic petroleum reserves to mitigate the market volatility and will take steps to ensure ongoing supplies at stable prices. It added that the Centre is closely monitoring the Ukraine crisis and potential supply disruptions that may arise.

"With a view to ensuring energy justice for its citizens and for just energy transition towards a net-zero future, India stands ready to take appropriate action for ensuring ongoing supplies at stable prices. India is also