India Assures Stable Fuel Supply, Cautions Against Panic Buying Amid Crude Oil Volatility

The Strait of Hormuz, a key artery for global energy trade, remains under watch following recent geopolitical tensions, as per news reports. Around 20% of the world’s oil shipments pass through this route. 

According to the Ministry of Shipping, 15 Indian-flagged vessels are currently positioned in the strait and have not yet crossed.  

The situation follows a conflict triggered on 28 February involving the United States and Israel, with a ceasefire holding until at least 22 April. 

No Visible Disruption to Movement 

Despite heightened tensions, there has been no confirmed disruption to vessel movement through the strait.  

The United States has indicated it can manage maritime traffic in the region, including enforcement around Iranian ports. 

Available updates suggest shipping activity continues, even as the situation remains sensitive. The route’s stability is being closely monitored due to its importance for global crude flows. 

Fuel Supplies Remain Stable 

Separately, the Ministry of Petroleum and Natural Gas said domestic fuel supplies are unaffected by recent volatility in global crude prices.  

The country has adequate crude inventories, and the availability of petrol and diesel remains unchanged. 

Oil marketing companies are securing crude cargoes after the expiry of a US waiver on Russian oil. The ministry said supply chains are functioning normally despite higher international prices. 

LPG Demand Tracks Seasonal Trends 

Daily LPG bookings have eased to about 4.6-5 million from around 5 million during winter months. The change shows seasonal demand patterns, while cylinder deliveries continue as usual. 

Domestic LPG output ranges between 40,000 and 50,000 tonnes per day, compared with an estimated requirement of about 80,000 tonnes. Imports continue to bridge the gap. Around 37,000 piped natural gas users have given up LPG connections since March. 

Advisory on Consumption 

The government has advised consumers to avoid excess purchases. It said petrol, diesel and LPG should be used as required, noting that supplies remain sufficient across the country. 

Read More: Premium Segment Holds as India Smartphone Shipments Fall in Q1 2026! 

Conclusion 

Supply conditions remain stable across fuels, with inventories in place and imports bridging demand. Distribution systems are functioning as usual. 

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