“No Fuel Crisis”: Govt Secures 60-Day Crude Supply, Prices Stable Despite Global Turmoil

“No Fuel Crisis”: Govt Secures 60-Day Crude Supply, Prices Stable Despite Global Turmoil

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Business Today
  • Updated Apr 2, 2026 5:40 PM IST

India has assured fuel stability despite global volatility, with crude supplies secured for the next 60 days and refineries running at full capacity. According to Sujata Sharma, there is no shortage of petrol, diesel, or natural gas, and retail outlets are functioning normally across the country. The government has reduced excise duty to keep prices stable, while Oil Marketing Companies are absorbing part of the cost burden. With 100% assured domestic gas supply and strong inventory levels, India is maintaining energy security even as global markets remain uncertain due to ongoing geopolitical tensions.

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