India well-placed to deal with any situation on crude oil, fuel amid West Asia supply shock: Piyush Goyal

India is well-prepared to handle crude oil disruptions and support exporters amid the West Asia supply crisis, says Piyush Goyal.

Union Minister Piyush Goyal on Saturday (March 14, 2026) said India is well-placed to deal with any situation on crude oil and fuel, as the West Asia crisis disrupts gas shipments and shipping routes, and highlighted that the government has ramped up kerosene production to provide an alternate option for the common man.

Speaking at the CNBC-TV India Business Leaders Awards 2026 ceremony, Mr. Goyal said the government plans to come up with some “concrete agenda” next week to support exporters.

“On crude oil, on fuel, we are pretty well placed. We have good stocks in hand. There's been absolutely no disturbance of any sort on the crude or the fuel front, petrol, diesel, aviation fuel,” Mr. Goyal said.

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He said that India has ramped up kerosene production so that, in the event of any delays in LPG supplies, there will be an alternate cooking medium for the common man. "Incidentally, we are also covering through imports from diversified sources the requirements of LPG and LNG," he said.

"The shipping times were barely three or four days, at best seven days, when these shipments of gas came into India, he said, adding that “Now we have to diversify to sources which are significantly far away from India... Canada, the U.S., and possibly Russia, we are looking at various alternate sources which will feed the requirements of India," he said.