State-run oil companies have dismissed reports of petrol and diesel shortages in India, stating that fuel supplies remain stable, retail outlets are operating normally, and adequate stocks are available across the country.
This comes against the backdrop of the West Asia war, now in its fourth week, with the passage of oil tankers through the Strait of Hormuz remaining limited.
- IOC, BPCL and HPCL dismiss rumours, urge public to avoid panic buying
- Fuel supplies remain stable with adequate stocks nationwide
- Diversified sourcing supports supply amid global disruptions
Oil companies dismiss shortage rumours
IOC, BPCL, HPCL issue clarifications
Indian Oil Corporation (IOC) said there is “no shortage of petrol or diesel”, adding that rumours circulating online can create unnecessary concern and disrupt normal supply patterns.
Bharat Petroleum Corporation Limited (BPCL) termed reports of shortages “completely unfounded” and said India is a net exporter of petrol and diesel and has "adequate stocks of crude oil, petrol, diesel and ATF", with supply chains operating "smoothly without any disruption".
Hindustan Petroleum Corporation Limited (HPCL) said supplies of petrol, diesel and LPG remain “stable”.
The companies also advised customers to avoid panic buying.
Fuel prices remain largely unchanged
Diversified sourcing supports supply stability
Fuel prices in India have remained largely unchanged, despite global supply disruptions caused by tensions in West Asia affecting oil, LNG and LPG supply chains.
As of March 26, in New Delhi, petrol is priced at Rs 94.77 per litre and diesel at Rs 87.67. In Mumbai, petrol costs Rs 103.50 per litre and diesel Rs 90.03.
Prices of regular petrol and diesel remain unchanged. However, oil marketing companies last week increased prices of premium petrol by nearly Rs 2 per litre and industrial diesel by Rs 22 per litre.
The premium petrol segment accounts for less than 5 percent of total users.
India has been able to maintain supply through diversified crude sourcing from over 40 countries, including Russia and Iran, helping manage availability and costs.