Fuel Supply Remains Stable Amid Global Uncertainties: IOC

New Delhi, April 4: Indian Oil Corporation Limited (IOCL), a government oil marketing company, assured on Saturday that fuel supplies, including petrol, diesel, and LPG, remain sufficient across the country despite global uncertainties. The company emphasized that it is closely monitoring its nationwide distribution network and taking necessary steps to prevent hoarding and black marketing of LPG cylinders.

In a post on the social media platform ‘X’, the company urged consumers not to panic buy or make unnecessary LPG bookings. Concerns about disruptions in major shipping routes, such as the Strait of Hormuz, due to tensions in West Asia have not affected the stability of supply chains.

“At IndianOil, we are ensuring the adequate availability of petrol, diesel, and LPG across the country. Necessary measures are being taken to prevent hoarding and black marketing of LPG cylinders, and our supply network is under continuous monitoring,” the company stated.

This assurance comes amid worries about disruptions in global oil supply due to rising geopolitical tensions in the Middle East. Officials noted that Indian refining companies have actively secured crude oil supplies for the coming months to ensure continuity in domestic fuel availability.

They further mentioned that refiners have the capability to source crude oil from various geographical regions based on commercial considerations, helping to mitigate the impact of global instability.

The Petroleum Ministry confirmed that India has recently imported a shipment of LPG from Iran, which has arrived at the western port of Mangaluru and is currently being offloaded.

Officials reiterated that domestic fuel availability remains stable, and coordinated efforts are ongoing to ensure uninterrupted distribution and prevent any artificial shortages.

Additionally, 21 states and union territories are holding press briefings to dispel misinformation and reassure citizens about the adequate availability and smooth distribution of LPG. The government has instructed chief secretaries of all states and union territories to disseminate timely and accurate information.

OMCs are also providing 5-kilogram LPG cylinders at distributors and petrol pumps upon showing valid ID, without requiring proof of address. The Ministry of Petroleum and Natural Gas stated, “5-kilogram FTL cylinders are available at nearby LPG distributors and can be purchased by showing any valid identification. No proof of address is required.”

Since March 23, approximately 570,000 such cylinders have been sold, with over 71,000 units sold in a single day recently.

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