India Assures No Retail Fuel Price Hikes Amid West Asia Tensions
Government official confirms sufficient fuel supplies and prioritizes essential sectors despite regional disruptions
L'essentiel
The Indian government has stated there are no plans to increase petrol and diesel prices, assuring citizens of sufficient fuel supplies despite disruptions caused by the West Asia crisis.
Résumé généré par IA
India has no proposal at present to increase retail fuel prices, a senior government official said, offering reassurance amid recent geopolitical developments in West Asia.
Speaking at an inter-ministerial briefing on the evolving situation in the region, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said there is currently no plan to revise petrol and diesel prices.
“LPG, petroleum and diesel are available in sufficient amount and the prices have not increased, so please do not panic,” Sharma said, underscoring that supplies remain adequate.
She added that while imports of crude, LPG and PNG have been impacted due to the West Asia crisis, the government has taken steps to minimise disruption for domestic consumers. “Accordingly, 100 per cent supply has been ensured for domestic LPG consumers, domestic PNG consumers and CNG transport,” she said.
Commercial LPG supply has been restored to about 70 per cent, with priority being given to hospitals and educational institutions. Key sectors such as pharmaceuticals, steel, seeds and agriculture are also being prioritised, she added. The supply of 5 kg FTL cylinders for migrant labour has nearly doubled.
The clarification comes at a time when global energy markets are closely tracking tensions in West Asia, a key oil-producing region, which often have a bearing on crude prices and domestic fuel rates. Officials said the government continues to closely monitor the situation while maintaining supply stability.
