Petrol prices in India rose by ₹0.87 per litre, while diesel increased by ₹0.91 per litre, reports Asian Lite News Desk
India’s largest fuel retailer, the Indian Oil Corporation, has said there is no nationwide shortage of petrol or diesel, stressing that isolated reports of fuel disruption at select outlets are temporary and driven by localised demand-supply imbalances.
In a statement issued on Saturday, the company said the situation at a small number of retail stations is “highly localised” and does not reflect any systemic shortage across the country. It added that fuel stocks remain adequate across its network of more than 42,000 petrol pumps, with supply chains functioning normally in most regions.
IndianOil explained that the temporary disruptions are linked to shifting consumption patterns, including a seasonal rise in diesel demand during the agricultural harvesting period, alongside increased customer movement towards public sector fuel stations where prices are relatively lower than private outlets. Higher institutional purchases in certain areas have also contributed to uneven distribution pressures.
The company said it is actively monitoring supply conditions and taking corrective measures to ensure uninterrupted availability of fuel. “Despite sustained and exceptionally high growth in demand, IndianOil continues to consistently meet customer requirements across the country,” the statement said.
The clarification comes amid social media reports and localised complaints of fuel shortages in some parts of the country, prompting public concern. However, officials have insisted these instances are isolated and not indicative of broader supply stress.
At the same time, petrol and diesel prices were revised upwards earlier in the day, marking the third increase in retail fuel rates within just 10 days. Petrol prices rose by ₹0.87 per litre, while diesel increased by ₹0.91 per litre, reflecting ongoing pressure from global crude oil markets.
Analysts say the recent price adjustments are being influenced by sustained volatility in international energy markets, with geopolitical tensions in West Asia continuing to affect crude supply expectations. Rising demand during the agricultural season has also added pressure to domestic distribution networks in certain regions.
Despite these challenges, IndianOil emphasised that fuel availability remains stable and sufficient across the country. State-run oil marketing companies, it said, are maintaining adequate inventories and responding quickly to localised spikes in demand to prevent disruption.
