India Says Crude Supply Secure as Refineries Run Above Full Capacity
OIL & GAS

India Says Crude Supply Secure as Refineries Run Above Full Capacity

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri told the Lok Sabha that India’s crude supply is secure despite the West Asia crisis and disruption through the Strait of Hormuz. He said refineries are operating at high capacity utilisation, with several exceeding 100 per cent, and that there is no shortage of petrol, diesel, kerosene, aviation turbine fuel or fuel oil. He said the government's utmost priority is that kitchens of India's 330 million (mn) families do not face fuel shortage.

He said non-Hormuz sourcing has risen to approximately 70 per cent, up from 55 per cent before the conflict, and that India now sources crude from 40 countries compared with 27 in 2006-07. He added that diplomatic outreach has secured crude volumes compensating for disrupted Hormuz shipments and noted neighbouring states have taken measures such as school closures and reduced official travel. He cautioned that rumour-mongering and panic-booking distort demand rather than indicate supply failure.

He said liquefied petroleum gas (LPG) production has been increased by 28 per cent through refinery directives and procurement has been diversified to include non-Gulf suppliers such as the United States and Norway. The standard time from booking to delivery for domestic LPG cylinders remains two and a half days and hospitals and educational institutions are on uninterrupted priority supply. Delivery Authentication Code coverage is being expanded from 50 per cent to 90 per cent and minimum booking gaps of 25 days in urban areas and 45 days in rural and remote areas have been introduced.

He said the PMUY beneficiary price has fallen to Rs 613 per 14.2 kg cylinder in Delhi while the non-subsidised price stands at Rs 913 against a market price of about Rs 987, and that the government absorbed Rs 74 of a Rs 134 per cylinder adjustment. The effective additional cost for a PMUY household is under eighty paise per day. Oil marketing company compensation of Rs 300 billion (bn) has been approved against losses of approximately Rs 400 billion (bn) and alternative fuels such as kerosene and fuel oil are being activated to ease pressure on gas channels.

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri told the Lok Sabha that India’s crude supply is secure despite the West Asia crisis and disruption through the Strait of Hormuz. He said refineries are operating at high capacity utilisation, with several exceeding 100 per cent, and that there is no shortage of petrol, diesel, kerosene, aviation turbine fuel or fuel oil. He said the government's utmost priority is that kitchens of India's 330 million (mn) families do not face fuel shortage. He said non-Hormuz sourcing has risen to approximately 70 per cent, up from 55 per cent before the conflict, and that India now sources crude from 40 countries compared with 27 in 2006-07. He added that diplomatic outreach has secured crude volumes compensating for disrupted Hormuz shipments and noted neighbouring states have taken measures such as school closures and reduced official travel. He cautioned that rumour-mongering and panic-booking distort demand rather than indicate supply failure. He said liquefied petroleum gas (LPG) production has been increased by 28 per cent through refinery directives and procurement has been diversified to include non-Gulf suppliers such as the United States and Norway. The standard time from booking to delivery for domestic LPG cylinders remains two and a half days and hospitals and educational institutions are on uninterrupted priority supply. Delivery Authentication Code coverage is being expanded from 50 per cent to 90 per cent and minimum booking gaps of 25 days in urban areas and 45 days in rural and remote areas have been introduced. He said the PMUY beneficiary price has fallen to Rs 613 per 14.2 kg cylinder in Delhi while the non-subsidised price stands at Rs 913 against a market price of about Rs 987, and that the government absorbed Rs 74 of a Rs 134 per cylinder adjustment. The effective additional cost for a PMUY household is under eighty paise per day. Oil marketing company compensation of Rs 300 billion (bn) has been approved against losses of approximately Rs 400 billion (bn) and alternative fuels such as kerosene and fuel oil are being activated to ease pressure on gas channels.

Next Story
Real Estate

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Next Story
Infrastructure Energy

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Next Story
Infrastructure Urban

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement