Govt to lift petrol and diesel sales curbs from July 1 as supply concerns ease
The precautionary measures were introduced to protect domestic fuel supplies at a time when uncertainty in the global energy market was increasing.
The government has decided to remove temporary restrictions on the sale of petrol and diesel from July 1 after concerns over fuel supplies eased, reported Reuters. The curbs were introduced as the conflict in the Middle East disrupted global supply chains and raised fears of possible shortages.
The restrictions had stopped commercial buyers from purchasing petrol and diesel at retail fuel stations. The government had also placed a daily limit on diesel purchases to ensure enough fuel was available for the public if the global situation worsened.
In an official order issued on Monday, the government said the restrictions would end from July 1. This means commercial users will once again be able to buy fuel from retail outlets without the temporary limits that had been in place.
The precautionary measures were introduced to protect domestic fuel supplies at a time when uncertainty in the global energy market was increasing. India, which imports most of its crude oil, remains sensitive to international disruptions that can affect fuel availability and prices.
With the situation becoming more stable, the government has decided that the temporary restrictions are no longer required. The move is expected to bring relief to transport operators, businesses and other commercial fuel users who had been affected by the curbs.
Fuel sales across the country will now return to their normal system from the beginning of July.
The government has decided to remove temporary restrictions on the sale of petrol and diesel from July 1 after concerns over fuel supplies eased, reported Reuters. The curbs were introduced as the conflict in the Middle East disrupted global supply chains and raised fears of possible shortages.
The restrictions had stopped commercial buyers from purchasing petrol and diesel at retail fuel stations. The government had also placed a daily limit on diesel purchases to ensure enough fuel was available for the public if the global situation worsened.
In an official order issued on Monday, the government said the restrictions would end from July 1. This means commercial users will once again be able to buy fuel from retail outlets without the temporary limits that had been in place.
The precautionary measures were introduced to protect domestic fuel supplies at a time when uncertainty in the global energy market was increasing. India, which imports most of its crude oil, remains sensitive to international disruptions that can affect fuel availability and prices.
With the situation becoming more stable, the government has decided that the temporary restrictions are no longer required. The move is expected to bring relief to transport operators, businesses and other commercial fuel users who had been affected by the curbs.
Fuel sales across the country will now return to their normal system from the beginning of July.
