The Centre stated on Tuesday that there are currently no intentions to raise retail fuel prices, aiming to allay fears amidst escalating tensions in West Asia affecting global energy markets. Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, confirmed that petrol and diesel prices will stay stable for now, with ongoing monitoring by the government. Sharma emphasized the ample availability of LPG, petroleum, and diesel, reassuring the public not to panic over price hikes.
Amid the crisis in West Asia impacting imports of crude oil, LPG, and PNG, Sharma highlighted that measures have been implemented to minimize disruptions. She assured that there is a 100% supply guarantee for domestic LPG, PNG, and CNG for transportation purposes. Although commercial LPG supplies have been partially affected, Sharma noted that availability has been restored to about 70%, with priority given to critical sectors like healthcare and education. Essential industries such as pharmaceuticals, steel, seeds, and agriculture are receiving special attention to prevent significant supply shortages.
To support vulnerable groups, the distribution of 5-kg free trade LPG cylinders, commonly used by migrant workers, has nearly doubled. The government’s efforts come at a time of volatility in global oil markets due to uncertainties in West Asia, a major oil-producing region. Officials are closely monitoring the situation to ensure supply stability and avert immediate impacts on domestic fuel prices.
