India’s refining resilience requires more than crude oil reserves, according to Prasad Panicker, Chairman of Nayara Energy. Speaking on the country’s energy preparedness, Panicker emphasized that critical chemicals and catalysts indispensable for refining operations—should also be part of India’s strategic stockpiles.

While India maintains emergency crude reserves, refining capacity can still be compromised if catalysts and specialized chemicals face shortages. These inputs are often imported and vulnerable to global supply chain disruptions, sanctions, or geopolitical tensions. Panicker called for greater indigenous production capabilities to reduce reliance on overseas suppliers and strengthen India’s refining independence.

Despite these challenges, Nayara Energy reassured stakeholders of uninterrupted fuel supplies to domestic retailers, underscoring its role as a reliable contributor to India’s energy market.

The message comes at a critical time, as India, the world’s third-largest oil consumer, continues to expand its refining network to meet growing demand. Experts warn that without a diversified strategy including reserves of refining inputs India’s energy security could face unforeseen risks.

By broadening its focus from crude alone to the full refining value chain, India can ensure smoother refinery operations, stronger supply security, and long-term stability for its fast-growing energy sector.