Folks throng the gasoline station amid rumours of gasoline scarcity within the wake of the West Asian battle, in Srinagar, Jammu and Kashmir, on March 26, 2026
| Photograph Credit score: Imran Nissar
In a bid to finish hypothesis about India’s power shares amidst the escalating tensions in West Asia, the Ministry of Petroleum and Pure Gasoline (MoPNG) on Thursday (March 26, 2026) stated that India has to date organized a month of liquefied petroleum gasoline (LPG) provides by means of imports, with fixed further procurement ongoing.
A press release stated that India has diminished its reliance on imports for LPG, with the nation producing “rather more” than it must import.
On crude oil, the federal government stated Indian oil firms have secured provides that will suffice for the subsequent 60 days, whereas the nation already holds shares sufficient for 60 days.
Sufficient shares and future imports
These 60 days of present shares, which embody crude, diesel and petrol, are a rise over the 50 days of complete shares the federal government had stated it had at first of the conflict in West Asia.
Cumulatively, India at present has a complete reserve (storage) capability of 74 days of gasoline shares, together with crude oil, petrol, and diesel.
“Practically two months of regular provide is accessible for each Indian citizen no matter what occurs globally,” the assertion stated. “Subsequent two months of crude procurement has additionally been secured. India is totally safe for the subsequent many months and the amount in strategic cavern storage turns into secondary in such a provide scenario.”
‘Producing extra LPG than we have to import’
Whereas emphasising that there isn’t a LPG scarcity within the nation, the federal government stated that India was now producing extra LPG than it must import. It stated that, for the reason that LPG management order issued earlier, home refinery manufacturing has been ramped up by 40%. This, it stated, has introduced the day by day output to 50 thousand Metric Tonnes (TMT), which is greater than 60% of home necessities.
Moreover, with respect to imports, the federal government stated that 800 TMT of LPG cargoes are enroute to India from the US, Russia, Australia, and different international locations.
“Roughly one full month of provide is firmly organized, with further procurement being finalised repeatedly,” it said.
The federal government additionally warned towards deceptive social media posts and fabricated claims of shortages, and stated motion shall be taken towards these accountable.
Earlier within the day, searching for to reassure stakeholders amidst looming issues over gasoline provides, Vikas Kaushal, chairman and managing director at state-owned Hindustan Petroleum, said there has been a sudden surge in demand for petrol and diesel throughout the nation. “Over the previous two days, gross sales have elevated by greater than 15% on an all-India foundation, with sure areas experiencing spikes of over 50% in comparison with common day by day gross sales,” he wrote on social media, including, “Our provide chains stay sturdy, our shops are totally stocked…”
Printed – March 26, 2026 03:17 pm IST
