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India has sufficient petroleum product reserves, including 60 days of crude oil and 45 days of LPG. The Ministry of Defence assures no shortage and advises against panic, noting strong forex reserves and India's significant refining capacity.
India calls reports on Iranian crude diversion “Factually Incorrect”
The Ministry of Petroleum and Natural Gas also advised consumers against storing fuel in loose or unsuitable containers, citing safety concerns.
LPG bookings have risen sharply to 75.7 lakh.
The Centre has also instructed refineries and petrochemical units to maximise the production of LPG.
Suresh Gopi was at Kalpathy to seek votes for BJP's candidate C Krishnakumar for the Palakkad byelection.
India's crude oil imports from Russia have jumped over 50 times since April and now it makes up for 10 per cent of all crude bought from overseas.
Consumption of diesel, which accounts for about 40% of India's refined fuel sales, fell 12.8% month-on-month to 6.37 million tonnes.
The energy major's director for HR will hold the additional role henceforth.
Taxes and duties account for roughly 60% of the retail price of petrol and diesel in the country, the world's third biggest consumer of crude oil.
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