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Government Eases Panic: Fuel Supply Normal Despite Rising Crude Prices and West Asia Tensions
Global crude oil prices are rising due to the West Asian crisis, but the Indian government has maintained stable fuel supplies in the country. Decisions such as reducing excise duty on petrol and diesel, increasing export levies, and expanding refinery capacity have prevented domestic prices from rising. Efforts are also underway to safely rescue Indian sailors stranded at sea.
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Sangri Today
BREAKING
Muskan Kumawat
5 hours ago
Government Eases Panic: Fuel Supply Normal Despite Rising Crude Prices and West Asia Tensions
Global crude oil prices are rising due to the West Asian crisis, but the Indian government has maintained stable fuel supplies in the country. Decisions such as reducing excise duty on petrol and diesel, increasing export levies, and expanding refinery capacity have prevented domestic prices from rising. Efforts are also underway to safely rescue Indian sailors stranded at sea.
Full Story: https://www.sangritoday.com/government-eases-panic-fuel-supply-normal-despite-rising-crude-prices-and-west-asia-tensions
Considering the increase in global crude oil prices, along with an immediate crisis in West Asia, the Government of India has offered some respite to its citizens. According to the Ministry of Petroleum and Natural Gas, petrol, diesel, and Liquefied Petroleum Gas (LPG) availability in the country is completely normal.
According to an official statement issued by the ministry, all oil refineries in the country are operating at full capacity. The government has sufficient crude oil reserves. Furthermore, the reserves of petrol and diesel are sufficient to prevent any shortage in the market. Despite the unusual surge in global crude oil prices, the government has maintained stable domestic oil prices.
