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Oil Supply Halt Amid War: Traders Warn Petrol Pumps, Restaurants May Close
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Oil Supply Crisis Looms: Petrol Pumps, Restaurants May Close; India Gets US Waiver
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News18
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06-03-2026, 18:28
Oil Supply Crisis Looms: Petrol Pumps, Restaurants May Close; India Gets US Waiver
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Businessmen fear petrol pumps and restaurants may close due to irregular oil and cooking gas supply amidst a war atmosphere.
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Restrictions already imposed on cooking gas supply, leading to potential hotel and restaurant closures.
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Petrol pumps could run out of stock and close within a day or two if oil supply stops completely.
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America granted India a 30-day waiver to purchase Russian oil to stabilize the global energy market.
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US Treasury Secretary Scott Bessent announced the temporary waiver, stating it applies to oil stuck at sea and won't significantly benefit Russia.
Read Full Article on News18 in Bengali
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