Indian Oil Corporation, the nation’s largest oil firm, stated that “there is no shortage of petrol or diesel,” emphasising that its outlets are “well-stocked and fully operational”
The ongoing conflict in West Asia has disrupted crude oil, LNG, and LPG supply chains. Representational Pic/File
India's oil companies on Wednesday reassured the public that there is no shortage of petrol, diesel, or LPG across the country, urging citizens not to be misled by rumours circulating on social media or engage in panic buying, reported the PTI.
Indian Oil Corporation, the nation’s largest oil firm, stated that “there is no shortage of petrol or diesel,” emphasising that its outlets are “well-stocked and fully operational.”
The company warned that rumours “can create unnecessary concern and disrupt normal supply patterns” and urged citizens to “avoid panic buying and rely only on verified information.”
BPCL denies localised sshortages
Bharat Petroleum Corporation Ltd described reports of fuel shortages in certain areas as “completely unfounded,” asserting that there is “no shortage of fuel across the nation.”
BPCL added that India is a net exporter of petrol and diesel and maintains “adequate stocks of crude oil, petrol, diesel and ATF,” with supply chains operating “smoothly without any disruption.” The company emphasised that it is “fully operational and committed to ensuring uninterrupted fuel supply”, according to the PTI.
HPCL affirms stable supplies, adequate stocks
The news agency reported, Hindustan Petroleum Corporation Ltd stated that there is “no shortage of petrol, diesel or LPG across the country.” It advised customers not to be influenced by rumours or resort to panic buying and to “continue with normal consumption patterns.” HPCL reiterated its commitment to providing “an uninterrupted and seamless fuel supply” throughout its network.
Impact of West Asia war on energy imports
The ongoing conflict in West Asia has disrupted crude oil, LNG, and LPG supply chains. However, India’s diversified sourcing strategy has ensured sufficient supplies of crude oil from regions including West Africa, Latin America, and the United States, according to the PTI.
Liquefied natural gas (LNG) supplies have been affected due to damage to facilities in Qatar, India’s largest supplier, leading to prioritisation for domestic users and CNG, while some curtailment has been applied to industrial users, such as fertiliser plants.
LPG has been the most affected, as India imports around 60 per cent of its requirements, mostly from Gulf countries.
The government has prioritised supply to domestic households while restricting usage by commercial establishments, including hotels and restaurants, by at least 50 per cent.
(with PTI inputs)
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