Speaking at the NXT Summit 2026 in New Delhi on Thursday, Narendra Modi said his government has taken a comprehensive approach to make India self-reliant in the energy sector. He said these efforts are already resulting in major savings for the country.
Modi noted that before 2014, India had very limited storage capacity for strategic petroleum reserves. According to him, the country now has significant reserves in place. The remarks were reported by Press Trust of India.
He also said the government is determined to ensure that Indian citizens do not face difficulties because of conflicts taking place in different parts of the world.
Modi criticises attempts to create panic over LPG
The prime minister also addressed the controversy over liquefied petroleum gas supply and said that some individuals are trying to create unnecessary panic about LPG availability in India. Without naming anyone, Modi said such actions not only expose those responsible but also harm the country.
He said some people are spreading fear about LPG supply, and although he did not want to make it a political issue, such actions damage national interests.
Modi also warned that strict action would be taken against anyone trying to take advantage of the current situation by engaging in black market trading of essential commodities.
A crisis is a test for the nation
Referring to the ongoing conflict involving Iran, the United States, and Israel, which has contributed to a global energy crisis, Modi said such situations act as a test for the entire nation.
He said a country’s development often depends on how it responds to challenges and pointed to several major crises that the world has faced in recent years.
Modi said global circumstances can change suddenly, noting that the world recently experienced the COVID-19 pandemic followed by the Russia-Ukraine war. He added that another major war is now unfolding close to India and has pushed the world into a severe energy crisis.
According to Modi, in such difficult times it becomes crucial how a country responds. He said crises often test the strength of a nation and emphasised the need to face such challenges calmly and patiently. He added that strengthening public trust and increasing awareness among citizens will help the country move forward together, with everyone playing a role in overcoming the situation.
