Print

India’s fuel supply steady amid West Asia tensions, says govt; urges against panic buying

The government on Sunday said the country’s fuel and LPG supply situation remains stable despite the evolving geopolitical situation in West Asia, while advising citizens against panic buying of petrol, diesel and cooking gas. It said adequate stocks are available across the country and supply chains are operating without disruption.

The Ministry of Petroleum and Natural Gas said around 47 lakh domestic LPG cylinders were delivered on May 2 against bookings of 47.4 lakh cylinders, with no reports of dry-outs at distributorships. It added that refineries are functioning at high capacity and crude inventories remain sufficient. A Marshall Islands-flagged LPG carrier, MT Sarv Shakti, carrying over 46,000 tonnes of LPG, has safely crossed the Strait of Hormuz and is expected to reach Visakhapatnam on May 13. Retail fuel outlets across the country are operating normally, with petrol and diesel prices unchanged at PSU-run outlets.

The government has prioritised supply to households, along with domestic PNG and CNG users, while maintaining enhanced allocation for essential commercial sectors such as hospitals and agriculture. It said commercial LPG supply has been increased to about 70 per cent of pre-crisis levels. Authorities have also stepped up enforcement against hoarding and misinformation, conducting over 1,900 raids and penalising several LPG distributorships.

The Ministry of External Affairs said Indian nationals in West Asia remain safe and that coordination with Indian missions continues. It added that airspace restrictions in parts of the region are easing, with several Gulf carriers resuming normal operations to India.

RELATED ARTICLES

07/11/26 | 4:16 pm | beginning of Samvat 2083

Muhurat trading: Experts favour selective buying, caution against aggressive bets

Investors and traders should adopt a cautious, stock-specific approach during the annual Muhurat trading session on Sunday which marks the beginning of Samvat 2083, as equity benchmark indices approach key resistance levels and limited liquidity coul...

07/11/26 | 3:30 pm | Confederation of All India Traders (CAIT)

Diwali sales set to cross Rs 7 lakh crore nationwide, Delhi records Rs 1 lakh crore: CAIT

Diwali-related trade across India is expected to exceed Rs 7 lakh crore, while sales in the national capital have crossed the Rs 1 lakh crore mark, amid a surge in festive shopping that peaked on Dhanteras, according to the Confederation of All India...

07/11/26 | 1:08 pm | India's chemicals and petrochemicals sector

India’s chemicals and petrochemicals sector expands manufacturing capacity, investment potential

India's chemicals and petrochemicals sector is expanding its manufacturing capabilities, attracting investments and strengthening its global presence through dedicated industrial parks, research initiatives and infrastructure development. The sector...