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Fuel stocks adequate, no hike in petrol, diesel prices: Govt
Sujata Sharma, joint secretary in the Ministry of Petroleum and Natural Gas, said there has been no hike in petrol and diesel prices and sufficient stocks are available nationwide
The government is prioritising the expansion of domestic PNG connections and has issued a gazette notification to streamline approval timelines
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India’s fuel supply situation remains stable, with adequate crude oil inventories and refineries operating at peak capacity, a senior petroleum ministry official said on Wednesday.
Addressing an inter-ministerial briefing on recent developments in West Asia, Sujata Sharma, joint secretary in the Ministry of Petroleum and Natural Gas, said there has been no hike in petrol and diesel prices and sufficient stocks are available nationwide.
“I want to inform my countrymen that we have the capacity to refine approximately 26 crore tons of crude oil annually. Over the past two days, we have seen lines outside retail outlets and petrol pumps in many areas, and panic buying has also been observed.
We have sufficient petrol and diesel available.
There is no shortage at any petrol pump.
The terminals supplying petrol pumps also have sufficient quantities.
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Therefore, do not believe rumours and avoid panic buying,” she said.
Sharma further stated that the government is prioritising the expansion of domestic piped natural gas (PNG) connections and has issued a gazette notification to streamline approval timelines.