‘Oil Geopolitics No Longer Episodic, India Faces Era Of Permanent Energy Volatility,’ Warns Minister
India is entering an era where oil shocks are no longer temporary disruptions but a structural feature of global politics. Petroleum Minister Hardeep Singh Puri has warned that conflicts in West Asia, sanctions regimes and unilateral trade actions now outweigh traditional supply-demand logic. Despite sufficient global oil availability, prices remain fragile and reactive. For an import-dependent economy like India, this means sustained pressure on inflation and growth. Puri said New Delhi is diversifying crude sources and strengthening strategic reserves, but future security will also depend on access to critical minerals for the energy transition. Highlighting the Samudramanthan deep-sea mission, he said minerals beneath the ocean could shape the next phase of geopolitical competition. As energy markets shift from economics to strategy, India is being forced to think beyond oil wells and look toward long-term resource sovereignty.TOI Bharat delivers the latest news, biggest voices, sharpest views and in-depth coverage of India’s political, social and economic landscape. Stay updated will all things making news in India and the subcontinent. We keep you informed. Your Nation. Your Voice .
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