The government cited data from automobile manufacturers, including Maruti Suzuki and Hero MotoCorp, to argue that higher ethanol blends have not led to widespread vehicle reliability issues, while acknowledging a modest impact on fuel economy.
NSA Ajit Doval said India welcomed the US-Iran MoU with cautious optimism, linking it to energy security, freedom of navigation, supply chains and regional stability.
America's emergency oil stockpile has fallen to its lowest level in more than four decades after continued releases linked to the Iran conflict, raising concerns about future supply disruptions.
Amid the West Asia crisis, the two countries discussed energy security and explored ways to strengthen bilateral cooperation.
India’s biofuel expansion is drawing global attention as rising ethanol blending helps shield the country from crude supply disruptions and strengthens energy security amid Middle East tensions.
Petroleum and Natural Gas Minister Hardeep Singh Puri highlighted the evolving global energy landscape and stressed the importance of strengthening PNG infrastructure to enhance energy security and resilience.
Any disruption or closure of the Strait of Hormuz would directly affect India’s economy and energy supplies, he said, adding that the anxiety over LPG availability was already spreading and could worsen if the conflict escalates.
“The government is examining these requests while considering India’s own refining capacity, domestic requirements, and fuel availability,” MEA spokesperson Randhir Jaiswal said.
Making a suo motu statement in Parliament on ‘’The Situation in West Asia’’, he also stated that the government is committed to protecting the interests of the Indian consumer in the backdrop of the implications of this conflict for the country’s energy security.
US Treasury Secretary Scott Bessent said the measure was designed as a short-term step to ensure the continued flow of oil into global markets without providing substantial financial gains to Moscow.
