Overview
- The government reduced excise on Friday, cutting petrol duty from ₹13 to ₹3 per litre and setting diesel excise to zero, a move officials say will ease oil firms’ losses rather than change pump prices right away.
- Energy officials said India has roughly 60 days of crude and fuel on hand within a total storage capacity of about 74 days, with refineries running above 100% and no rationing or closures ordered at retail stations.
- Supply relief began to land as the LPG carrier Apollo Ocean docked at New Mangalore with 17,600 tonnes, and the ministry said domestic LPG output has risen about 40% with additional cargoes secured from the US, Russia and Australia.
- Across Asia, governments have imposed conservation steps because many import 70–80% of their oil via the Hormuz route, including a national energy emergency in the Philippines, work-from-home rules in Thailand, and a four-day work week in Sri Lanka and Pakistan.
- The energy crunch is set against rising security risks, with Aaj Tak citing the New York Times on reported damage to at least 13 U.S. sites from Iranian strikes and Iran’s UN letter alleging an assassination plot, as India’s all‑party briefing saw S. Jaishankar dismiss talk of Pakistani mediation.