govt on fuel stock
New Delhi, March 27 -- The petroleum ministry on Thursday said India has approximately 60 days of actual fuel stock cover and there is no shortage of petrol, diesel or LPG anywhere in the country, as it moved to counter what it called a "deliberate, coordinated misinformation campaign" driving panic buying across several states.
The ministry said all 100,000 plus retail fuel outlets are operating without interruption and that not a single outlet has been asked to ration supply - a rebuttal of social media posts citing six-day stock figures and images of queues at pumps, some of which, the ministry said, were lifted from global news footage of rationing in other countries.
On crude supply, the ministry said India is currently receiving more oil from its 41-plus suppliers than was previously arriving through the Strait of Hormuz, with higher volumes from the western hemisphere more than compensating for the disruption. Every Indian refinery is running at above 100% utilisation and crude procurement for the next 60 days has been tied up. The ministry said India has 74 days of reserve capacity; with actual stock cover of around 60 days, combining crude stocks, product stocks and dedicated cavern strategic storage....
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