Center Clarity on Petrol Price Hike

The central government has clarified that petrol prices will not be increased immediately in the country. Officials said that oil companies currently have sufficient fuel reserves. Although the government is closely monitoring global crude oil markets, there are no plans to raise petrol prices for now. Oil companies are expected to bear the current pressure for some time.

According to officials, the country has adequate reserves of crude oil and refined petroleum products to meet demand for the next six to eight weeks. Meanwhile, the government has extended the LPG cylinder booking interval. The existing 21-day booking gap has been increased to 25 days, according to a decision announced on Monday. The move aims to manage LPG stock efficiently and ensure equal distribution among consumers.

Government sources said that an average household in India uses about seven to eight LPG cylinders per year. It is unlikely that most families would need another cylinder before six weeks. Officials also confirmed that LPG reserves are currently sufficient.

The Fertiliser Association of India (FAI) stated that adequate fertiliser stocks are available for the upcoming Kharif season. However, reduced gas supply and ongoing geopolitical tensions are raising concerns about domestic urea production. The cost of importing fertilisers is also becoming challenging.

FAI Director General Suresh Kumar Choudhari said that the fertilisers currently available should meet the requirements of the Kharif season. According to official data, the country currently has a total fertiliser stock of 177.31 lakh tonnes, including 59.30 lakh tonnes of urea, 25.13 lakh tonnes of DAP, and 55.87 lakh tonnes of NPKS.