Petrol News
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The move comes as geopolitical tensions in West Asia continue to disrupt global energy supply chains, pushing up crude oil prices and heightening inflation risks for import-dependent economies like India.
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According to data published by National Geographic and Bloomberg, the breakdown of a standard crude oil barrel has remained remarkably stable over decades of industrial refining.
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In a public advisory shared on X, the company urged consumers not to resort to panic buying or place unnecessary LPG bookings, stressing that supply lines remain stable despite concerns arising from tensions in West Asia and disruptions around key shipping routes such as the Strait of Hormuz.
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The Finance Ministry has outlined steps spanning customs duty cuts for key raw materials, export incentives, fuel price controls, and financial support mechanisms, with a focus on ensuring stability across key sectors.
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Petroleum and Natural Gas Ministry's Joint Secretary, Marketing and Refinery, Sujata Sharma, said all refineries are operating at optimal capacity, and no instances of fuel shortages have been reported at retail outlets.
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The April 1 price increase in commercial cylinder price is due to a 44 per cent surge in the Saudi Contract Price: from $542/MT in March to $780/MT for April, as 20-30 per cent of global LPG supplies are stuck in Strait of Hormuz, the statement added.
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Prices of ATF (Aviation Turbine Fuel) increased in metros with effect from 1st April 2026.
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The latest additional allocation prioritises industries such as steel, automobile, textile, chemicals and plastics, especially process industries requiring specialised heating.
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The Ministry of Petroleum and Natural Gas has clarified that the supply situation of petroleum and LPG in the country is completely safe and under control.
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No Shortage Of Petrol In India: The company further clarified that the expansion of Piped Natural Gas (PNG) infrastructure is part of India’s long-term clean energy strategy.
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India has 74 days of total reserve capacity, and actual stock cover is around 60 days right now (including crude stocks, products stocks and the dedicated strategic storage in caverns), even as "we are on the 27th day of the Middle East crisis", the Petroleum Ministry said, adding that all retail fuel outlets have enough supplies.
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The government has issued a Natural Gas Control Order on March 9 under the Essential Commodities Act, directing 100 per cent supply of PNG and CNG without any cuts.
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The petrol prices are revised at 6 AM on a daily basis in line with benchmark international price and foreign exchange rates.
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The petrol prices are revised at 6 AM on a daily basis in line with benchmark international price and foreign exchange rates.
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The petrol prices are revised at 6 AM on a daily basis in line with benchmark international price and foreign exchange rates.
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US President Donald Trump has defended the spike in oil prices, saying higher oil prices were a temporary cost tied to confronting Iran’s nuclear threat.
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In the GST implemented in July 2017, products like petrol, diesel, and alcoholic beverages were kept outside its ambit since then.
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Diesel, which is the most widely used fuel in the country as an input in both the farm and transport sectors, registered a 1.6% increase to 8.11 million metric tons in June this year compared to the same month in the previous year.
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The lower crude oil prices will reduce the cost of production for oil refining and marketing companies such as Indian Oil and Bharat Petroleum and increase their retail margins. This will enable the government to raise more revenue from an excise duty hike without increasing the burden on consumers.
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Petrol Diesel Price: Moreover, the government has also withdrawn the Road and Infrastructure Cess (RIC) on the export of petrol and diesel.
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