Government Confirms No Price Increase on Standard Petrol, Focus on Securing LPG Supplies
Synopsis
The government reassured consumers that there will be no price hike on regular petrol, while premium fuel prices have increased due to global crude oil market fluctuations. Efforts are ongoing to ensure stable LPG supplies amidst rising demand.
Key Takeaways
No hike in regular petrol prices confirmed by the government.
Price increase limited to premium fuel category.
Domestic LPG supplies remain stable with no shortages.
Efforts ongoing to secure LPG supplies and expand sources.
Government urges states to enhance distribution monitoring.
New Delhi, March 20 (NationPress) The government announced on Friday that there will be no increase in the price of standard petrol for consumers, with the price hike confined to the premium fuel segment, which constitutes only 3-4% of overall petrol sales.
During a daily press briefing, Sujata Sharma, Joint Secretary of the Petroleum and Natural Gas Ministry, clarified that petrol and diesel prices are deregulated and set by oil marketing companies (OMCs).
OMCs have raised the price of premium petrol by over Rs 2 per litre with immediate effect due to rising global crude oil prices stemming from heightened tensions in West Asia. However, prices for regular petrol remain unchanged for now.
Sharma also emphasized that domestic LPG supplies are stable, with no reported shortages, as production levels have been increased.
Nevertheless, she acknowledged that India's energy situation is "not self-sufficient" and still heavily relies on imports.
To alleviate the demand on LPG, over 13,700 PNG connections have been established. "Panic bookings have decreased, and in the past week, we supplied 11,300 tonnes of commercial LPG to customers," she stated.
"Approximately 7,500 users have transitioned from LPG to PNG. The ongoing war situation is concerning, but no shortages have been reported among our distributors. Panic booking has significantly decreased, with about 55 lakh refill requests received yesterday," Sharma added.
The government is making concerted efforts to secure LPG supplies and is actively seeking to expand its sources to ensure stability. She urged state governments to enhance monitoring and enforcement systems for smooth distribution.
When asked about the possibility of India purchasing Iranian oil following recent comments from US Treasury Secretary Scott Bessent about "unsanctioning" Iranian oil at sea, Sharma remarked that it is currently "difficult to provide an answer."
In the meantime, Rajesh Kumar Sinha, Special Secretary for Ports, Shipping, and Waterways, reported that there have been no maritime incidents in the last 24 hours, with all 22 Indian vessels and their crew remaining safe near the Strait of Hormuz.
Point of View
The government's commitment to maintaining stable petrol prices while addressing LPG supply concerns represents a balanced approach to energy management. This strategy underscores the importance of securing domestic energy resources amid global uncertainties.
NationPress
12 May 2026
Frequently Asked Questions
Will there be a rise in regular petrol prices soon?
Currently, the government has confirmed that there will be no increase in regular petrol prices for consumers.
Why have premium petrol prices increased?
Premium petrol prices have risen due to escalating global crude oil prices attributed to geopolitical tensions in West Asia.
Are there any concerns regarding LPG supply?
No shortages have been reported in domestic LPG supplies, and production has been increased to meet demand.
What measures are being taken to secure LPG supplies?
The government is actively working to broaden its supply sources and has urged state governments to improve monitoring systems.
Is India considering purchasing Iranian oil?
The government has stated that it is difficult to answer whether India will purchase Iranian oil at this time.
