Our Bureau
New Delhi
Even with supply disruptions due to conflict in the Gulf region, Petrol and diesel prices in India will stay the same for now. Government sources say there is enough fuel stock in the country, even with tensions in the Middle East pushing up global crude oil costs.
Crude oil prices have crossed $100 per barrel due to supply worries from the West Asia conflict. But officials stress that prices here will not rise unless crude hits $130 per barrel. India has strong fuel reserves for petrol, diesel, and even aviation fuel (ATF). No shortages at pumps, they assure.
To keep supply smooth, India is bringing in more crude oil through safe routes away from risky areas like the Strait of Hormuz. The country also makes and exports ATF, which puts it ahead of many others. Some nations have even asked India for advice on handling the crisis.
For households, LPG cylinders are safe too. The government has stretched booking time from 21 to 25 days to stop hoarding. This ensures fair supply without black market tricks. No big jumps expected for home users, and industry gas can shift to homes if needed.
India follows an “India First” plan. It won’t tap strategic oil reserves with groups like the IEA or G7. Energy stocks are improving daily, say sources. This steady approach shields people from global shocks.
Millions of daily commuters can breathe easy. Stable prices mean no extra burden on pockets amid rising costs elsewhere. Government focus stays on supply chains and consumer relief.
