India Has Sufficient Fuel Stocks: Oil Companies Quash Shortage Rumors, Urge No Panic

• Indian Oil, BPCL, HPCL confirm sufficient petrol, diesel, and LPG stocks, dismissing social media rumors of shortages as baseless.
• Companies assure that fuel supply and distribution networks across India are functioning normally and urge citizens not to panic or crowd fuel stations.
• Statements come amid global energy concerns due to escalating West Asia conflict, which has raised fears of disruptions to oil supply via the Strait of Hormuz.
• India, which imports 40% of crude from the Middle East, is prepared to source from other regions if needed, maintaining comfortable stock levels.
• India's reliance on Russian oil has significantly increased to 20% by February this year, supported by a recent 30-day US waiver to stabilize global supply.