In light of the fuel crisis caused by the conflict in Iran, the government must increase its crude oil reserves to meet the worldwide standard of 90 days' buffer stock, according to the Parliamentary Standing Committee on Petroleum and Natural Gas.
In its seventh report on "Demand for Grants (2026-27)," the committee further suggested that the Ministry make every effort to meet the worldwide standard. The committee has suggested that it investigate the possibilities of constructing new caverns wherever geological conditions are favorable.

Because the target for PNG connections by 2034 is more than 12 crore, and the number of PNG connections is now substantially lower, the committee suggested that the ministry look into prioritizing PNG connections as part of the City Gas Distribution network.
Given the reduced number of LPG refills by rural poor under the Pradhan Mantri Ujjwala Yojana, the committee recommended that the ministry investigate whether additional subsidies may be provided to regions with the lowest refill rates.The committee recommends making LPG cheap for existing recipients, especially in rural and low-income areas.As the world's third largest energy consumer, India's need for hydrocarbons continues to increase. Its overall primary energy demand is predicted to nearly double, rising from around 22 million barrels of oil equivalent per day in 2024 to around 43.6 million barrels of oil equivalent per day by 2050. According to the International Energy Agency (IEA), India would account for more than 40% of the worldwide increase in oil demand and around 8% of the growth in natural gas consumption between 2024 and 2025," the committee stated in its report.