The government assures that there is no shortage of petrol, diesel, or LPG in India, with retail outlets well-stocked and operating smoothly. India, as a major player in the global petroleum market, maintains a secure domestic supply, ensuring no need for energy emergency measures unlike other countries. Recent crowding at petrol pumps was fueled by fake videos, not actual scarcity, as oil company depots work round the clock to keep supplies steady.
India continues to receive crude oil from various global suppliers, compensating for disruptions like the situation at the Strait of Hormuz. With a reserve capacity of 74 days and current stock covering around 60 days, the country remains well-prepared. The Petroleum Ministry confirms securing crude procurement for the next 60 days, maintaining stability in the supply chain.
Domestic LPG production has surged by 40%, meeting over 60% of the daily demand and reducing the need for imports significantly. Additional LPG cargoes from the U.S., Russia, and Australia are en route to India, doubling import terminal capacity since 2014. Oil companies are delivering millions of cylinders daily, with measures in place to prevent hoarding and maintain fair distribution.
The promotion of Piped Natural Gas (PNG) as a cleaner energy source is a strategic move for the future, with a substantial increase in domestic connections and city gas distribution areas. To address working capital issues and prevent local shortages, oil companies have extended credit limits for petrol pump owners, ensuring consistent stock levels. The Petroleum Ministry warns against spreading false information about essential commodities, emphasizing legal consequences for creating public anxiety.
