India Maintains Petroleum and LPG Supply Amid Global Concerns
New Delhi, March 27 – India’s supply of petroleum and LPG remains under control, with no shortages reported across the country, according to the government. Retail outlets are operating with sufficient stock and dispensing fuel without interruption.Structural Availability and Global Position
As the world’s fourth largest refiner and fifth largest exporter of petroleum products, India’s domestic availability is structurally assured, according to the Ministry of Petroleum. Despite global concerns, including the declaration of “National Energy Emergencies” in other nations and the implementation of rationing measures, India does not require such interventions.Addressing Misinformation Campaign
The government has identified a “deliberately mischievous” misinformation campaign on social media as the source of recent reports of potential shortages. Isolated instances of crowding at petrol pumps were driven by fabricated videos, rather than actual supply issues. Oil company depots have been operating continuously to ensure fuel pumps remain replenished.Crude Oil Procurement and Refinery Capacity
Despite the situation at the Strait of Hormuz, India is receiving more crude oil from its 41-plus global suppliers than before the disruption. High volumes from the western hemisphere have more than compensated for any gaps, and every Indian refinery is currently running at over 100 per cent utilization. The Ministry of Petroleum has secured crude procurement for the next 60 days.Strategic Stock Levels
Contrary to claims of a 6-day stock, India possesses a total reserve capacity of 74 days, with current actual stock cover at approximately 60 days. This includes crude stocks, product stocks, and dedicated strategic storage in caverns.LPG Supply Secured
Following the LPG Control Order, domestic refinery production has increased by 40 per cent, reaching a daily output of 50 TMT. This covers more than 60 per cent of the daily requirement, significantly reducing the net daily import requirement to only 30 TMT. Furthermore, 800 TMT of assured LPG cargoes are en route from countries including the U.S., Russia, and Australia, scheduled to arrive across 22 import terminals—double the capacity available in 2014, with one full month of supply firmly arranged.Cylinder Delivery and Commercial Allocations
Oil companies are delivering over 50 lakh cylinders daily. While panic ordering briefly spiked demand to 89 lakh cylinders, it has now stabilized back to 50 lakh. Commercial allocations remain at 50 per cent to prevent hoarding and black marketing.Promoting Piped Natural Gas
The promotion of Piped Natural Gas (PNG) is a long-term strategy for cleaner and cheaper energy, not a crisis response. Domestic PNG connections have grown from 25 lakh to over 1.5 crore, and city gas distribution now covers over 300 geographical areas.Enhanced Credit Limits for Petrol Pumps
To prevent localized shortages due to working capital issues, Oil Companies have increased credit limits for petrol pump owners from 1 day to over 3 days, ensuring they can maintain maximum stock levels at all times. The Ministry of Petroleum warns that spreading false information regarding essential commodities is an offence and legal action will be taken against those using fabricated claims to create public anxiety.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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