The Indian government Wednesday  said the country has more than adequate supplies of petrol and diesel to meet both retail and industrial demand, while warning against hoarding, black marketing and the misuse of subsidized retail fuel channels amid tensions in West Asia.

In a statement issued Wednesday, the government said India, the world’s fourth-largest oil refiner, has an annual refining capacity of 258.1 million tonnes across 22 operational refineries. Domestic consumption in the 2025-26 fiscal year stood at 243.2 million tonnes, while exports of petroleum products reached 61.5 million tonnes, making India one of the world’s largest exporters of refined fuels.

The Ministry of Petroleum and Natural Gas said there are no supply-related concerns and emphasized that petroleum products remain widely available across the country.

Union Petroleum and Natural Gas Minister Hardeep Singh Puri is in regular contact with public sector oil marketing companies, state governments and industry associations to ensure uninterrupted fuel supplies, the statement said.

Officials, including the petroleum secretary, also held a review meeting Wednesday with chief secretaries of states and union territories, as well as representatives from industry bodies FICCI and CII.

The government said reports from across the country indicate there is no actual shortage of petroleum products, though “artificial scarcity” has emerged in some areas due to arbitrage practices, where industrial consumers purchase fuel through retail outlets to take advantage of lower subsidized prices.

According to the government, public sector oil marketing companies are currently absorbing losses of about 5.5 billion rupees per day on the sale of petrol, diesel and domestic liquefied petroleum gas in an effort to shield ordinary consumers from rising international energy prices linked to the West Asia crisis.