How many days of oil and gas are left in the country? Rajnath Singh’s high level meeting after PM Modi’s appeal, told the plan

Rajnath Singh on India Supply Chain: PM Modi has appealed to the countrymen to save petrol and diesel. After his statement, political rhetoric has intensified in the country. At the same time, this question is also arising in the minds of people whether the country is going to run out of fuel. Now Defense Minister Rajnath Singh has given information regarding this. India has sufficient reserves of fuel, i.e. petrol, diesel and gas. At present, 60 days of crude oil reserves, 60 days of natural gas reserves, and 45 days of cooking gas reserves are available in the country. Also, the country’s foreign exchange reserves remain at a strong level of $703 billion.

Along with this, the government said that India is the third largest oil refining country in the world and is also the fourth largest exporter of petroleum products. India is currently exporting to more than 150 countries and domestic demand is also being met.

Rajnath Singh held a big meeting

Let us tell you that the fifth meeting of the informal group of ministers formed on the situation in West Asia was held on Monday under the chairmanship of Defense Minister Rajnath Singh. It was told in the meeting that despite the West Asia crisis, petroleum prices have been kept stable in India for the last 70 days, whereas in many countries the prices have increased by 30 to 70 percent.

Defense Minister Rajnath Singh’s meeting (Image- IANS)

However, due to high global crude oil prices, Indian oil companies are incurring losses of around Rs 1,000 crore per day and the loss is reaching around Rs 2 lakh crore in the first quarter of FY 2026. Despite this, the government is ensuring that the entire burden of international prices does not fall on the common citizens.

Fuel conservation not just for immediate savings

In the meeting, Rajnath Singh said that currently fuel conservation is not being done only for immediate savings, but with the aim of building long-term future capacity and strengthening energy security. He said that to maintain our preparedness if the crisis continues for a long time, it is necessary to develop a culture of responsible consumption from now on.

It is noteworthy that Prime Minister Narendra Modi has appealed to the countrymen to make more use of metro and public transport, adopt shared vehicle system, avoid unnecessary foreign trips, promote domestic tourism and postpone the purchase of non-essential gold for one year. PM Modi has also urged farmers to reduce the use of chemical fertilizers by 50 percent, adopt natural farming and increase the use of solar energy-based irrigation pumps in place of diesel pumps.

Prime Minister Narendra Modi, (Design Photo/ Obnews)

What did the Defense Minister say?

Defense Minister Rajnath Singh said the government’s primary objective is to ensure that energy supplies are not disrupted and maritime trade routes remain safe. There was also talk of re-reviewing the needs of strategic oil reserves in the meeting. The government said that there is adequate availability of essential commodities and fertilizers.

The total fertilizer stock in the country as of May 11 stood at 199.65 lakh tonnes, which is more than 178.58 lakh tonnes in the same period last year. The total requirement for Kharif 2026 is estimated at 390.54 lakh tonnes, against which the current stock is more than 51 percent, whereas normally this level remains around 33 percent.

Also read- What will happen if you do not buy gold for a year, why is PM Modi making such an appeal? Understand its advantages and disadvantages

Let us inform that in the meeting, information about measures to provide relief to the industry and micro, small and medium industry sector was also given. The Union Cabinet on May 5 approved the new tranche of the Emergency Credit Guarantee Scheme, under which an additional credit flow of Rs 2.55 lakh crore is targeted. In this scheme, a provision of 100 percent loan guarantee for micro, small and medium industries and up to 90 percent for other industries and aviation sector has been made. -with agency input