All retail fuel outlets have enough supplies: Ministry of Petroleum & Natural Gas

The Ministry of Petroleum and Natural Gas has reiterated that India’s petroleum and LPG supply situation is fully secure and under control. It said all retail fuel outlets have enough supplies, and there is no shortage of petrol, diesel, or LPG anywhere in the country. The Ministry has called upon citizens not to be misled by a deliberately mischievous, coordinated campaign of misinformation that is being carried out to spread unjustified panic. India is today receiving more crude oil from its 41-plus suppliers across the world. The Ministry said, every Indian refinery is running at over 100 per cent utilisation. India has 74 days of total reserve capacity, and actual stock cover is around 60 days right now.

The Ministry has also said that there is no shortage of LPG across the country. The domestic refinery production has been ramped up by 40 per cent, bringing daily LPG output to 50 Thousand Metric Tonnes, which is more than 60 per cent of the country’s requirement. It said that approximately one full month of supply is firmly arranged, with additional procurement being finalised continuously. Oil companies are successfully delivering over 50 lakh cylinders every day.

The Ministry said, the Cylinder demand had gone up to 89 lakh cylinders due to panic ordering by consumers and has now come down to 50 lakh cylinders again. The Commercial cylinder allocations have been raised to 50 per cent in consultation with state governments to avoid hoarding or black marketing. The Ministry informed that over and above domestic production, 800 Thousand Metric Tonnes of assured inbound LPG cargoes are already secured and en route from the United States, Russia, Australia, and other countries, arriving across India’s 22 LPG import terminals.