No shortage, but ₹1,000cr/day loss is keeping fuel prices in check, explains govt after PM Modi's ‘save petrol’ appeal

The government has stated that there is no shortage of any petroleum product in the country. Public-sector oil marketing companies are absorbing losses of nearly ₹1,000 crore a day to keep pump prices from rising despite crude prices spiking. The government has informed that India has sufficient stocks of crude oil, natural gas, and LPG, with 60 days of crude oil and natural gas stocks and 45 days of LPG rolling stock.