The government has stepped up measures to secure fuel and gas supplies amid the closure of the Strait of Hormuz, while urging citizens to avoid panic buying as sporadic rushes were reported at fuel stations.
Iran-Israel war updates on March 29, 2026
In a statement, giving an update on developments following the war in West Asia, the Oil Ministry said refineries are operating at high capacity with adequate crude inventories, and stocks of petrol and diesel remain sufficient nationwide. Retail outlets are functioning normally, even as rumours triggered temporary spikes in demand in some States.
"There were certain rumours, which led to panic buying at some retail outlets in a few States, resulting in unusually high sales and heavy crowding at retail outlets. However, it is informed that there are adequate stocks of petrol and diesel available at all petrol pumps in the country," it said.
To boost domestic availability, the government has cut excise duty on petrol and diesel by ₹10 per litre and imposed export levies of ₹21.50 per litre on diesel and ₹29.50 per litre on aviation turbine fuel (ATF).
