ONGC Chairman and CEO Arun Kumar Singh highlighted the growing volatility in global markets and said the economics of refining are becoming more unpredictable. File | Photo credit: Reuters
As the world tries to recover from the biggest energy shock in decades it caused West Asian conflictIndia should be cautious about relying on traditional supply assumptions, especially its proximity to West Asia for oil and gas, Oil and Natural Gas Corporation (ONGC) Chairman and CEO Arun Kumar Singh said on Friday (Apr 10, 2026).
Relying on West Asia for almost half of its oil imports, 30% of its gas and 85-90% of its LPG, India needs to invest in building strategic storage as a hedge against price and supply disruptions, he said.
Published – 10 Apr 2026 16:06 IST
