‘We have 60 days of LNG and 45 days of LPG stock’: Hardeep Singh Puri

Union Petroleum Minister Hardeep Singh Puri said India has enough crude and LPG in its stock.

“We have 60 days of crude, which is the max we need. We have 60 days of LNG and 45 days of LPG,” the minister said while speaking at the CII Annual Business Summit 2026.

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Puri said oil marketing companies are losing Rs 1,000 crore per day, and these firms are making Rs 198,000 crore under recoveries and losses stood at Rs 1 lakh crore for this quarter.

“When this crisis began, there were some concerns, but we converted the challenge into an opportunity. We have ramped up our domestic production of LPG, which used to be 36,000 metric tonnes per day. We have now taken it up to 54,000 metric tonnes per day,” he said.

The minister further highlighted that the LPG demand had also moderated to 75,000 metric tonnes from 90,000 metric tonnes, partly due to weather conditions, and noted that prudent supply and demand management had helped maintain stability.

Earlier on Monday, the central government addressed concerns related to India’s energy supplies and reiterated Prime Minister Narendra Modi’s appeal to all citizens to reduce their petrol and diesel consumption.

Sujata Sharma, Joint Secretary in the Ministry of Petroleum & Natural Gas, said, “I would like to convey to you that the Prime Minister has urged all citizens of the country to reduce their consumption of petrol and diesel. Wherever possible, utilise the Metro and public transportation; opt for carpooling; prioritise railways as a mode of transportation for goods; and wherever feasible, increase the usage of electric vehicles. Let us all come together and make every possible effort to conserve energy in our daily lives, so that the economic burden currently weighing upon the nation may be alleviated.”

Sharma said, “Our refineries are operating at optimum levels. There are no instances of dry-outs at any retail outlets. Nor have any dry-outs been reported at LPG distributorships. Adequate stocks of petrol and diesel are available, and LPG supplies for domestic cooking purposes are being maintained. Over the past three days, 1.26 crore LPG cylinders have been delivered to households against 1.14 crore bookings. Similarly, sales of commercial LPG have exceeded 17,000 tonnes over the last three days. Sales of Auto LPG have also surpassed 762 tonnes.”

On Tuesday, the Brent Crude Oil prices extended their rally. Brent crude futures were up 30 cents, or 0.29%, at $104.51 a barrel, while US West Texas Intermediate rose 31 cents, or 0.32%, to $98.38.