Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo NEW DELHI, Mar 2 : As military conflict in the Middle East escalates, India’s Oil Ministry on Monday said it is continuously monitoring the evolving situation and will take all necessary steps to ensure availability and affordability of key petroleum products in the country. India imports 88 per cent of its crude oil needs and roughly half of its natural gas requirement. These mostly come via the Strait of Hormuz, which the Iranian authorities have threatened to shut down following attacks by the US and Israel.