No Tension For India 👏 No Immediate Hike In Petrol & Diesel, Fuel Stocks Safe For 50 Days
Автор: gunasekhar reddy
Загружено: 2026-03-03
Просмотров: 273373
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India currently has sufficient fuel reserves to last approximately 50 days (6–8 weeks), with 25 days of crude oil and an additional 25 days of refined products including petrol, diesel, and ATF. This ensures a stable buffer to handle any short-term supply disruptions.
Despite global crude prices rising toward $80–$82 per barrel, there is no immediate plan to increase retail fuel prices. State-run companies like Indian Oil, BPCL, and HPCL are using profits from previous quarters to absorb these price spikes, ensuring affordability for consumers.
The Union Petroleum Minister, Hardeep Singh Puri, has reviewed the situation and confirmed that all necessary steps are being taken to maintain supply. India is also exploring alternative sources for crude oil, LPG, and LNG to mitigate risks from disruptions at the Strait of Hormuz.
Indian Oil Corporation Ltd (IOC) shares are currently at ₹179.11, up 7.98% since 1 Jan 2026.
Source: The Hindu & The Economic Times
#fuelstocks #petrol #diesel #indiaupdate #energynews #ioc #pricealert #fueleconomy #hardeepsinghpuripic
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