'Using Fuel With Restraint Is Need Of Hour': PM Modi Says India Committed Towards Energy Security

Last Updated:May 10, 2026, 17:13 IST

The Prime Minister underscored the need for restraint in using energy imports to conserve reserves and counter the adverse impact of the ongoing war.

Prime Minister Narendra Modi on Sunday emphasised that every person across the world realised the importance of energy security, adding that the Central government was making unprecedented investments in that direction.

While inaugurating several development projects in Hyderabad, PM Modi said, “The inauguration of the new Indian Oil terminal in Malkapur is a major step in India’s energy security. This terminal will help strengthen supply chains and meet the growing energy needs of Telangana."

“In the last few years, India has reached among the top countries in solar power. Unprecedented progress has been made in ethanol blending with petrol. We have focused extensively on LPG coverage and CNG to combat the global energy crisis. However, the need of the hour is to use petrol, diesel and gas with utmost restraint."

The Prime Minister underscored the need for restraint in using energy imports to conserve reserves and counter the adverse impact of the ongoing war. PM Modi also reaffirmed his government’s commitment to modern infrastructure and investment in Telangana.

His remarks came as the ongoing war between the United States and Iran have created a global energy crisis, with the strategic Strait of Hormuz, which carries one-fifth of the world’s energy supplies, remaining virtually shut since February 28.

Iran has largely blocked non-Iranian shipping through the narrow waterway. The US naval blockade of Iranian ports has further compounded the problem.

The stakes are higher for India as the world’s third-largest importer. India imports 90% of its LPG needs from the Gulf region and a prolonged conflict risks heightened inflation in the country.

Oil Marketing Companies (OMCs) are bracing for harder times as supplies are limited from Gulf nations, and demand across the country remains. Reports suggest that petrol and diesel prices in India will be hiked before May 15 as companies are facing major financial losses.

India is the only major economy that has not passed the higher petroleum cost on to consumers despite higher crude oil prices. China, the UK, Norway, Germany and the Netherlands have already increased petrol prices by up to 27 per cent, while Japan, South Korea, Spain, and Italy have raised the rates by 30 per cent and more.

News india 'Using Fuel With Restraint Is Need Of Hour': PM Modi Says India Committed Towards Energy Security

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