No immediate hike in petrol, diesel prices; India has adequate fuel stocks

No immediate hike in petrol, diesel prices; India has adequate fuel stocks

Mangalore Today News Network

New Delhi, Mar 10, 2026: There will be no immediate increase in petrol and diesel prices in India, and the country has sufficient fuel stocks to meet any emergency situation, government sources said on Monday.

Despite international crude oil prices crossing $100 per barrel, petrol and diesel prices will not be raised for now, the sources said. Authorities have intensified efforts to maintain uninterrupted fuel supply chains across the country.

The conflict in West Asia has entered its tenth day, significantly impacting global markets. The international benchmark Brent crude has risen to around $120 per barrel, nearly 65 percent higher than the price when the conflict began.

Senior government sources said the situation in the global oil market is being closely monitored, but there is no immediate plan to increase retail fuel prices. Oil marketing companies are expected to absorb the current cost pressures for the time being.

India currently has adequate stocks of both crude oil and refined petroleum products to meet demand for the next six to eight weeks. However, the government has made a policy change regarding LPG refilling.

The minimum gap for booking domestic LPG refills has been increased from 21 days to 25 days. The move aims to prevent hoarding and ensure equitable distribution of LPG cylinders.

Officials said an average household typically consumes 7–8 LPG cylinders of 14.2 kg per year, and refilling is usually not required within six weeks. The extended booking interval is intended to prevent hoarding and artificial shortages in the market. Oil companies have confirmed that adequate LPG stocks are available.