India has sufficient stocks of fuel, commodities: govt.
Centre says no reason for panic buying, conservation efforts are only aimed at boosting long-term preparedness; Rajnath asks Ministries, States to implement PM’s appeal on responsible use of fuelsIndia faces no shortage of petroleum products and commodities despite the escalating conflict in West Asia, the fifth meeting of the Informal Group of Ministers (IGoM), chaired by Defence Minister Rajnath Singh at Kartavya Bhavan in New Delhi, was informed on Monday.
According to the Ministry of Defence, India currently has 60 days of crude oil reserves, 60 days of natural gas and 45 days of LPG rolling stock, ensuring uninterrupted supply across the country.
India’s foreign exchange reserves remain strong at $703 billion, while the country continues to meet domestic fuel demand in full despite global disruptions. The Centre highlighted that India was among the few nations where petroleum prices have remained stable even after more than 70 days of conflict-driven international volatility.
In contrast, many countries have witnessed fuel price hikes ranging from 30% to 70%. However, Indian oil marketing companies are reportedly absorbing losses of nearly ₹1,000 crore daily, with under-recoveries touching almost ₹2 lakh crore in the first quarter of 2026, to protect citizens from rising international crude prices.
Supply chain stable
They were told that there was sufficient availability of essential commodities with no reason for public anxiety or panic buying. Supply chains remain stable, and conservation efforts were aimed at strengthening long-term preparedness if the crisis prolongs further, it added.
Mr. Singh directed Ministries and State governments to implement Prime Minister Narendra Modi’s appeal for responsible fuel consumption and public participation.
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