Global crude oil prices fell to six-week lows after reports of a possible extension of the Iran-US ceasefire and prospects of reopening the Strait of Hormuz. India said refineries have adequate crude stocks and fuel supplies remain stable despite regional uncertainties
Telangana Civil Supplies officials confirmed that fuel stocks in the State are sufficient and exceed demand. Daily supply data showed higher petrol and diesel distribution, ensuring stable availability across Telangana with no shortage reported.
The government said India has sufficient petrol, diesel and LPG stocks to last about two months despite supply disruptions caused by the West Asia conflict. It dismissed rumours of a lockdown, urging citizens to avoid panic buying and rely on official information.
