Fuel supplies stable, prices unchanged amid West Asia crisis: Ministry
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India's oil reserves remain stable amid the West Asia crisis, with the government ensuring sufficient supplies for the next two months. The country has maintained petrol and diesel prices despite rising global rates, with the government defending against price volatility and supporting oil companies facing under-recoveries.
India's strategic crude oil reserves are stable, with sufficient supplies for the next two months. The government has secured adequate crude reserves amidst the West Asia crisis. Refineries are operating at peak capacity without disruptions. Domestic petrol and diesel rates remain unchanged since April 2022. The government has implemented an export levy on ATF and diesel to ensure domestic fuel availability. India has a 100 percent gas supply for household consumption and CNG transport, with LPG imports benefiting from government subsidies.
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