Indian Minister of Petroleum Hardeep Singh Puri stated that India has sufficient refining capacity and does not face a global crude oil shortage.

Indian Minister of Petroleum Hardeep Singh Puri assured that there is no global crude oil shortage and India has sufficient refining capacity, set to increase from 270 to 310 million metric tonnes annually. He acknowledged geopolitical tensions in the Middle East may affect fuel price predictions but remains optimistic about stability. India's diversified procurement from 39 suppliers supports its energy needs, contributing to relatively low petrol and diesel prices.

October 29, 2024
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