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Why govt is calling for fuel conservation despite having 60 days of stock?
short by Medhaa Gupta / on Monday, 11 May, 2026
Centre asserted there's no fuel shortage, while noting 60 days of crude oil, 60 days of natural gas and 45 days of LPG rolling stock. However, there's a "huge cost being borne" by the nation as crude prices spike amid global crisis, it added. OMCs are absorbing ₹1,000 crore/day loss, with nearly ₹2,00,000 crore under-recoveries in Q1 FY26, it stated.
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