Indian Government reduced oil prices, no shortage of oil and gas

After the Iran war in gulf nation, the crude oil price in the international market has increased from 70$ to 100$ per barrel. This change has caused oil companies a loss of 30$ per liter.

The price of oil has been rising in India, the pricing is set by Oil Companies. To reduce the financial stress on the citizens, the government has reduced the Excise Duty (Petrol tax) by 10 rupees.

Petrol duty has been reduced to 13 rupees per liter from 3 rupee per liter. Diesel price has been reduced to rupee 0 from rupee 10.







From UP, Surat, Maharashtra at many places in India long queues have formed at petrol pumps. Apart from bringing their vehicle with them people have brought containers and tanks to stock petrol. People are responding to the crisis with panic.

In response to this, the petroleum ministry said India's petroleum and LPG supply situation if fully secure and under control. There is no shortage of petrol, diesel, or LPG anywhere in the country. 

The government also said alternative arrangements have been made to offset reliance on imports, particularly from West Asia. 

The ministry added, "Nearly to months of steady supply is available for every Indian Citizen, regardless of what happened globally. The next two months of crude procurement have also been secured".  

The claim that PNG is being pushed because LPG is running out is misinformation. LPG supply is secure, the government said. 

Prime Minister Modi also addressed in the parliament that India is fully prepared to handle this crisis. Citizens should also act responsibly and not promote any kind of hoarding, and should never consider rumors and misinformation.

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