Centre has said that it is closely monitoring global energy markets as well as potential energy supply disruptions as a fall out of the evolving geopolitical situation.<br />''<br />''Ministry of Petroleum and Natural Gas said that India stands ready to take appropriate action for ensuring ongoing supplies at stable prices with a view to ensuring energy justice for its citizens and for just energy transition towards a net-zero future. It added that India is also committed to supporting initiatives for releases from Strategic Petroleum Reserves, for mitigating market volatility and calming the rise in crude oil prices.<br />''<br />''<br />