Source TOI
New Delhi:
The Government of India has assured that the country’s energy stock position is improving and that there is no immediate plan to increase petrol and diesel prices. The statement comes amid concerns about global oil supply disruptions due to rising geopolitical tensions in West Asia.
According to officials, recent assessments show that India currently has sufficient energy reserves, which will help maintain a stable supply of fuel across the country. Authorities said the improving stock levels have strengthened the nation’s ability to handle possible disruptions in international crude oil supply.
The government also dismissed speculation about an imminent hike in petrol and diesel prices. Officials clarified that the current fuel pricing situation remains stable and that consumers should not be worried about sudden increases.
To strengthen energy security, India has also been diversifying its crude oil import sources. By expanding supply routes and increasing procurement from different regions, the country aims to reduce dependence on vulnerable shipping routes and ensure uninterrupted fuel availability.
Officials added that the situation in global energy markets is being closely monitored. Regular reviews are being conducted with oil companies and relevant ministries to ensure adequate stock levels and stable fuel distribution.
With improved reserves and diversified supply chains, the government remains confident that India will be able to maintain steady fuel supplies despite ongoing global uncertainties.
