Prime Minister Narendra Modi slammed critics he described as "fearmongers" who are "wallowing in the depths of despair" after India successfully navigated the global energy crisis. Speaking on 4 July 2026, Modi asserted that India has substantially expanded its refining capacity while several developed regions have failed to do so.
India's Energy Resilience
Modi highlighted that India's strategic investments in refining and energy infrastructure have paid off, ensuring energy security even as global supply chains faced disruptions. He contrasted India's performance with that of developed economies that have struggled to maintain or increase their refining capabilities.
The prime minister did not provide specific numbers during his address, but government data indicates India's refining capacity has grown by over 20% in the past five years, reaching approximately 250 million tonnes per annum. This expansion has helped the country meet domestic demand and emerge as a key exporter of refined petroleum products.
Criticism of Opponents
Modi's remarks were directed at political opponents and critics who had predicted severe energy shortages and economic collapse. "Those who spread fear are now wallowing in the depths of despair because India has proven them wrong," he said. The prime minister accused these individuals of hoping for the country's failure and attempting to undermine public confidence.
According to Modi, India's proactive approach to energy diversification, including increased use of renewables and strategic petroleum reserves, has been instrumental in weathering the crisis. He also credited the government's reforms in the oil and gas sector for attracting investment and boosting production.
Global Context
The energy crisis, triggered by geopolitical tensions and supply chain disruptions, has hit many developed nations hard. Several European countries and the United States have faced soaring fuel prices and refinery closures. In contrast, India has maintained relative stability in fuel supplies and prices, partly due to its expanded refining capacity and long-term contracts with major oil producers.
Modi's comments came during a public event in Rajasthan, where he also discussed other development initiatives. He reiterated the government's commitment to energy self-sufficiency and reducing dependence on imports.
Political Reactions
Opposition parties criticized Modi's remarks, accusing him of being out of touch with the struggles of common citizens facing high fuel prices. However, government officials defended the prime minister, citing data that shows India's inflation in fuel prices has been lower than in many developed economies.
Energy experts have noted that India's strategy of expanding refining capacity and diversifying energy sources has indeed provided a buffer against global shocks. However, they caution that challenges remain, including the need to transition to cleaner energy sources and address environmental concerns.
