NEW DELHI, Feb 27 (NNN-PTI) – India’s federal government yesterday said, it was closely monitoring energy markets and potential supply disruptions, in the wake of a fall out of the evolving geopolitical situation.
The ministry stated that, India would support releasing strategic petroleum reserves, to mitigate market volatility and contain crude oil price hikes.
The ministry said, India stands ready to take appropriate action for ensuring ongoing supplies at stable prices.
“With a view to ensuring energy justice for its citizens, and for just energy transition towards a net zero future, India stands ready to take appropriate action for ensuring ongoing supplies at stable prices,” the ministry said.– NNN-PTI
