No need for panic buying of LPG, India well prepared to handle supply chain disruptions: Piyush Goyal

Union Minister Piyush Goyal has urged citizens to remain calm amid the ongoing tensions in West Asia, saying India is prepared to manage any potential disruptions to global supply chains.

In an interview with CNBC-TV18, Goyal said geopolitical conflicts often create uncertainty in trade and logistics, but assured that the government has built adequate reserves of essential commodities to shield the domestic market from external shocks.

#IBL21 | India’s Trade Minister @PiyushGoyal at #IndiaBusinessLeadersAwards

On the #Gasshortage & #LPGsupply crisis
* No need to panic, India is absolutely secure on the #crude & #LPG front
* #Aviationfuel lines are secure, #Kerosene production has been ramped up
* Looking at… pic.twitter.com/zcfUhvKeUq

— CNBC-TV18 (@CNBCTV18News) March 14, 2026

The minister stressed that India currently holds sufficient stocks of crude oil, fuel and liquefied petroleum gas (LPG), dismissing fears of shortages. He said the government is also working to diversify its sourcing strategy to maintain steady supplies of energy and gas even if traditional shipping routes face disruptions.

Goyal also cautioned against panic buying, particularly of LPG cylinders, saying there was no reason for consumers to hoard supplies. According to him, the country’s current reserves are adequate to meet demand across households and industries.

“There is no need for panic or hoarding,” he said, adding that authorities are closely monitoring developments in the region and taking steps to ensure uninterrupted supply of key commodities.

Govt monitoring global situation

The minister acknowledged that the ongoing geopolitical tensions in the Middle East could affect energy markets and shipping routes, but said India has contingency plans in place. These include exploring alternative supply sources and adjusting procurement strategies when necessary.

Officials are also tracking developments affecting major maritime corridors and global energy prices to ensure that domestic supply chains remain stable.

Goyal expressed optimism that the current conflict may not last long, suggesting that the situation could stabilise sooner rather than later. However, he said the government remains vigilant and ready to respond if the crisis escalates.

Confidence in India’s economic resilience

Beyond the immediate concerns linked to the conflict, Goyal reiterated confidence in India’s long-term economic trajectory. He said the country is expected to maintain its position as the world’s fastest-growing major economy for years to come.

According to the minister, India’s economic resilience stems from strong domestic policies and the government’s proactive approach to dealing with global volatility. By maintaining stable supply chains and reassuring consumers, authorities aim to prevent market panic and avoid inflationary pressures triggered by uncertainty.

Goyal’s remarks come as the government continues to monitor developments in the Middle East while working to safeguard India’s energy security and economic stability.