India Clarifies Oil Stock Levels Amid US-Iran Tensions

The ministry said all 100,000 plus retail fuel outlets are operating without interruption.| India News

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New Delhi: India has approximately 60 days of actual fuel stock cover and there is no shortage of petrol, diesel or LPG anywhere in the country, the petroleum ministry said.

All 100,000 plus retail fuel outlets are operating without interruption, and not a single outlet has been asked to ration supply.

India is currently receiving more oil from its 41-plus suppliers than was previously arriving through the Strait of Hormuz, with higher volumes from the western hemisphere more than compensating for the disruption.

Every Indian refinery is running at above 100% utilisation and crude procurement for the next 60 days has been tied up.

India has 74 days of total reserve capacity; with actual stock cover is around 60 days, combining crude stocks, product stocks and dedicated cavern strategic storage.