Indian Oil says domestic petrol and diesel rose only marginally—about Rs 3 per litre—after global pressures, with the company maintaining supply security by running its refineries at more than 100% capacity. IOCL Director (Refineries) Arvind Kumar said 10 refineries are operating round the clock to avoid any “crisis” at retail outlets. Separately, IOCL is backing long-term energy shifts, including providing two hydrogen-powered buses to Delhi Metro that run with green hydrogen from its Faridabad R&D centre.
Fuel sales across India have surged by about 13% as motorists stock up on petrol and diesel, fearing prices may rise after state polls conclude. Indian Oil Corporation reported a sharp jump in sales, while the government denied any intention to hike fuel rates. Even with assurances, panic buying continues in some areas, raising concerns about supply and pricing stability.
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