Prime Minister Narendra Modi chairs a high-level meeting to review the situation related to petroleum, crude, gas, power, and fertiliser sectors in view of the evolving West Asia situation.
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“The ongoing conflict in West Asia will have significant short, medium and long-term impact on the global economy and its effect on India were assessed and counter measures, both immediate and long-term, were discussed,” a statement issued by the government post the Cabinet Committee of Security meeting chaired by Modi. The meeting was attended by 13 ministers including Home, Defence and Finance.
The meeting made a detailed assessment of availability for critical needs of the common man, including food, energy and fuel security. Accordingly measures for short term, medium term and long term were discussed. “The impact on farmers and their requirement for fertilizer for the Kharif season was assessed. The measures taken in the last few years to maintain adequate stocks of fertilizers will ensure timely availability and food security. Alternate sources of fertilizers were also discussed to ensure continued availability in the future,” the statement said.
Import sources
The meeting deliberated upon diversifying sources of imports required by chemicals, pharmaceuticals, petrochemicals and other industrial sectors. “Similarly new export destinations to promote Indian goods will be developed in the near future,” the statement said.
In the meeting, PM instructed that all arms of government should work together to ensure least inconvenience to the citizens. “PM also asked for proper coordination with state governments to ensure no black-marketing and hoarding of important commodities,” the statement added.
Published on March 22, 2026