India Remains Steady Amid Energy Crisis

May 6, 2026

At a time when much of the globe is grappling with the cascading effects of a conflict-triggered energy crisis, India appears relatively stable. The ongoing tensions involving the US, Israel, and Iran have sent shockwaves through global energy markets. Countries across continents are scrambling to respond to sudden shortages and rising prices of oil and gas — a situation few would have imagined before February 28 happened.

The Gulf region, long considered the epicentre of global energy supply, is itself under strain. As disruptions ripple outward, governments worldwide are being forced into emergency measures.

And in the middle of this turbulence, India finds itself in a comparatively comfortable position. For a country of 140 crore people, the availability of petrol, diesel and piped natural gas (PNG) remains largely stable. There are concerns around LPG in some pockets, but much of it appears driven by panic buying and hoarding rather than any systemic shortage.

The situation gives a sense of pride and places India high up. During the Covid-19 pandemic, when many powerful nations turned inward, shutting borders and guarding resources, India stepped up — both domestically and globally. Through the Vaccine Maitri initiative, it extended support to nearly 100 countries, reinforcing its role as a dependable partner in times of crisis.

Today’s situation, though different in nature, once again highlights contrasts across countries. Several governments have had to take harsh measures that directly affect daily life.