Oil Minister Hardeep Singh Puri said India has adequate fuel supplies for two months despite global disruptions, but warned that state-run oil companies could face losses of up to Rs 1 lakh crore in a quarter if crude prices remain elevated and fuel prices unchanged
Defence Minister Rajnath Singh chaired a high-level meeting to review risks to energy supply chains amid the West Asia conflict. The government assured uninterrupted availability of petrol, diesel and LPG, while public sector oil companies continued inspections to curb hoarding and black marketing
The government has urged citizens not to panic buy fuel, assuring that petrol, diesel and LPG supplies remain adequate despite disruptions in the Strait of Hormuz. Measures are in place to ensure availability, control demand and prevent hoarding
