Despite rising tensions between Iran and the US causing a spike in crude oil prices, India's fuel and gas supplies remain secure until August. Indian oil companies have successfully secured stocks from the UAE and Malaysia. HPCL has purchased 4 million barrels of crude oil from the UAE for August, along with 2 million barrels from Brazil and West Africa to be processed at its Rajasthan refinery. IOCL and MRPL have also procured oil through spot tenders, ensuring no shortage in the coming months.
https://sambad.in/business/india-oil-lpg-stock-sufficient-till-august-amid-iran-us-tensions-12027642
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