India has sufficient fuel stocks, no rationing planned, says oil ministry official
GST
Dated:- 11-5-2026
PTI
New Delhi, May 11 (PTI) India has no plans to ration fuel supplies despite ongoing disruptions in global energy markets, a top oil ministry official said Monday, adding that the country has maintained adequate inventories of crude products and LPG while diversifying imports to manage supply risks.
“There is no need to panic. There are sufficient supplies. There is no rationing in place. It's not going to happen,” Oil Secretary Neeraj Mittal said at CII's Annual Business Summit here, noting that India had maintained around 60 days of fuel stocks and about 45 days of LPG inventories during the past 67 days of market dis
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ault mode of the government is to keep the prices and supplies stable.
Mittal said the government had secured additional energy cargoes, increased procurement from existing suppliers and absorbed part of the price shock through fiscal measures, including excise duty cuts on petrol and diesel.
India, the world's third-largest oil importer and consumer, was also accelerating efforts to expand domestic exploration, strategic reserves and alternative energy programs including green hydrogen, ethanol blending and sustainable aviation fuel, he said.
“For a country like India which consumes 5 million barrels a day, to have a 90-day reserve would be putting a lot of money in a box without using it at all,” he said, adding that the gover
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pt us going in terms of supply management in the short run,” he said.
The official said India's large refining base had helped cushion the impact of supply shocks, allowing the country not only to meet domestic demand but also continue exports of refined petroleum products.
He said the government had also undertaken calibrated demand-management measures, including prioritising LPG supplies for household cooking use and allowing 70 per cent industrial LPG supply after industry requests for easing restrictions.
Mittal said nearly 100 per cent digital delivery tracking of LPG cylinders had significantly reduced diversion and black-market sales.
“There is no need to panic. There's sufficient supplies. There is no rationing in pl
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