Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, has stated that oil prices in India are expected to remain stable despite rising geopolitical tensions. In a recent social media post, he assured the public that India has multiple options for sourcing crude oil, thereby mitigating concerns over potential supply chain disruptions.

Puri highlighted that the country has strategically positioned itself to handle supply challenges effectively, citing the influx of crude oil supplies from nations such as Brazil and Guyana. He remarked, "More supplies from countries such as Brazil and Guyana are coming into the market. Currently, the global supply of oil outpaces the consumption, ensuring a stable market." This assertion underscores his confidence in the stability of the oil market moving forward.