India navigated West Asia crisis efficiently, says Modi
Fuel rationing, LPG disruptions, and price surges avoided with refineries upping production and public OMCs bearing the losses, says PM; politically motivated rumour-mongering failed, he addsIndia successfully weathered the challenges triggered by the West Asia conflict through effective assessment and strategic, timely decision-making while efficiently using its domestic resources and strong diplomatic ties, Prime Minister Narendra Modi said on Saturday.
The country avoided fuel rationing, ensured cooking gas supplies, and shielded consumers and farmers from global price spikes, with state-run oil marketing firms (OMCs) bearing the losses, he said, adding that certain politically motivated entities which had engaged in rumour-mongering during the crisis had failed and “may be dwelling in an abyss of disappointment”.
‘Effective strategies’
“India took potent decisions, made correct evaluations, charted effective strategies, used its domestic resources effectively, and constructively leveraged its diplomatic power to successfully weather the challenges,” Mr. Modi said.
Speaking at the inauguration of the HPCL Rajasthan Refinery Ltd. (HRRL) in Balotra, India’s first greenfield integrated refinery-petrochemical complex, Mr. Modi credited domestic refineries for helping the country wade through the crisis by increasing their production of liquefied petroleum gas (LPG). India is currently the world’s fourth-largest refiner and would continue expanding its refining capacity, Mr. Modi said.
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