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Amit Shah: India Protected from Global Oil Price Surge, No Fuel Scarcity
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India cushioned from global oil spike, no fuel shortage: Amit Shah
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CNBC TV18
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28-03-2026, 00:04
India cushioned from global oil spike, no fuel shortage: Amit Shah
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Union Home Minister Amit Shah stated India has maintained fuel supplies and prices despite global oil price spikes.
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Shah urged trust in the Narendra Modi Government, highlighting no increase in petrol and diesel prices in India unlike other nations.
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The Centre shouldered the financial burden by slashing excise duty on oil products to shield citizens.
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India has increased oil reserves and diversified procurement from 27 to 42 countries since 2014.
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The government slashed excise duty on petrol by ₹3 per litre and fully exempted diesel from duty to avert price hikes.
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