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-49.85
-220.00
-3,189.00
-16,091.00
-116.67
-49.85
-49.85
-220.00
-220.00
-3,189.00
Updated - March 27, 2026 at 07:55 AM.
The government on Thursday said India’s energy supplies are fully secure, with about two months of crude oil stocks and additional cargoes already arranged. The Petroleum Ministry said LPG production has been ramped up to 50,000 tonnes per day, cutting imports, and assured there is no shortage of petrol, diesel or gas, urging citizens not to panic amid misinformation during the ongoing West Asia crisis.
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Nayara Energy on Thursday raised petrol prices by ₹5 per litre and diesel by ₹3, partly passing on higher global oil costs after the Middle East war, sources said. The move affects its nearly 7,000 outlets, while other private and state-run retailers have kept prices largely unchanged despite mounting losses, highlighting pressure on India’s fuel sector amid rising crude prices.
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Iran has said it will allow India, along with China, Russia and others, to continue commercial shipping through the Strait of Hormuz despite the ongoing West Asia war. The move comes as Iran restricts access for adversary-linked ships, raising global concerns over oil and gas supplies, while India steps up diplomatic efforts to secure energy flows and avoid disruptions to fuel and fertiliser supplies.
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India’s economy is facing pressure as Iran rejected a US ceasefire, escalating the West Asia conflict and pushing crude prices higher. The rupee has weakened near ₹93.9 per dollar, while rising oil costs are expected to increase inflation, widen the current account deficit and slow growth. Analysts warn prolonged tensions could further weaken the currency and disrupt energy supplies, prompting downgraded growth forecasts and higher inflation projections.
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Published on March 27, 2026
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