New Delhi, March 25 – Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) jointly asserted on Wednesday that there are no shortages of petrol, diesel, or LPG within the country. The companies urged citizens to disregard rumors circulating on social media and refrain from panic buying.
The three state-owned oil firms issued statements emphasizing the adequacy of their fuel stocks and the operational status of their outlets. IOC stated that its outlets are “well-stocked and fully operational,” while BPCL termed reports of shortages “completely unfounded.” HPCL echoed this sentiment, confirming “no shortage of petrol, diesel, or LPG across the country” and advising customers to maintain normal consumption patterns.
India is currently a net exporter of petrol and diesel, the companies confirmed. They highlighted that the nation possesses “adequate stocks of crude oil, petrol, diesel, and ATF,” and that supply chains are operating “smoothly without any disruption.”
Despite disruptions in the global markets due to the war in West Asia affecting crude oil, LNG, and LPG supply chains, India has managed to secure sufficient crude oil supplies from West Africa, Latin America, and the US. The disruption in liquefied natural gas (LNG) due to facilities in Qatar being impacted by the war has led to prioritizing fuel for domestic users and CNG, with some curtailment for industrial users like fertilizer plants.
LPG, which accounts for 60 per cent of India’s demand, has been the most affected. The majority of LPG imports originated from the Gulf countries, where supplies have been impacted. As a result, the government has prioritized domestic household kitchens and reduced commercial usage, such as in hotels and restaurants, by at least half.
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