All posts tagged: fuel shortage

Sri Lanka’s supplies hit, India sends fuel shipment | India News

Sri Lanka’s supplies hit, India sends fuel shipment | India News

3 min readNew DelhiMar 29, 2026 04:21 AM IST In a significant outreach, India has sent a shipment of fuel to Sri Lanka, days after the phone conversation between Prime Minister Narendra Modi and Sri Lankan President Anura Kumara Dissanayake. Fuel shortage and panic buying have led to queues in the island nation, which depends on imports for its energy demand. “…A shipment of 38,000 MT (metric tonnes) of petroleum, of which 20,000 MT is diesel and 18,000 MT petrol, has arrived in Colombo today 28th March, 2026,” the Indian High Commission in Colombo said in a statement. “Lanka IOC had earlier secured fuel supplies for March from the Middle East and Singapore. However, suppliers with whom the contracts were placed, expressed their inability to deliver the product and invoked force majeure, in view of supply disruptions and vessel unavailability due to the ongoing conflict in the Middle East,” it said. “Due to the above disruptions, rescue supplies were requested from India from IOCL. The current shipment of 38,000 MT is part of these supplies. …

Panic buying sees long queues at petrol pumps despite government assurances amid the US-Iran war| India News

Panic buying sees long queues at petrol pumps despite government assurances amid the US-Iran war| India News

BENGALURU/AHMEDABAD/LUCKNOW/PANAJI: Panic buying of fuel triggered long queues outside petrol pumps across several states, with some outlets resorting to rationing, amid concerns over supplies linked to the ongoing West Asia crisis. The central government, however, said on Thursday that India has about 60 days of fuel stock cover and dismissed reports of shortages as a “deliberate misinformation campaign” aimed at triggering panic buying. Vehicles in a long queue at a fuel pump amid the nationwide reports of fuel shortage, in Lucknow on Thursday. (ANI) The Ministry of Petroleum and Natural Gas, in a statement, said, “Nearly two months of steady supply is available for every Indian citizen, regardless of what happens globally. Any representation that India’s reserves are depleted or insufficient should be dismissed with the disdain it deserves.” In Gujarat, long queues were reported from cities such as Ahmedabad, Rajkot, Surat and Gandhinagar, with the state government saying fuel sales have surged four to five times since Monday. “The fuel sales have increased by four to five times due to panic buying. We want …

What’s happening in India, Pakistan, Bangladesh, China as Iran-US war disrupts oil supply

What’s happening in India, Pakistan, Bangladesh, China as Iran-US war disrupts oil supply

As crude oil prices climbed past $110 a barrel on Monday, levels last seen in 2022, people across the world began to feel the impact of the US-Iran war and the damage it has caused to global energy supply. Governments in several parts of the world moved to deal with the crisis as panic spread among the public over rising petrol, diesel and energy prices. Petrol, diesel and jet fuel are produced from crude oil. (Bloomberg) Petrol, diesel and jet fuel are produced from crude oil. When crude prices rise, the cost of these commonly used fuels also increases. These fuels are needed to run equipment, cars, buses, delivery trucks and aircraft. Follow Iran-US war live updates here. ALSO READ | Oil prices, drone attacks: Key updates as US-Iran war enters day 10 Many countries have increased efforts to avoid fuel shortages. The near closure of the Strait of Hormuz has pushed Saudi Arabia, the world’s largest oil exporter, to cut output, according to reports. Similar steps have also been taken by the United Arab …