New Delhi, May 12 -- India has no plans to ration fuel supplies despite ongoing disruptions in global energy markets, a top oil ministry official said Monday, adding that the country has maintained adequate inventories of crude products and LPG while diversifying imports to manage supply risks.
"There is no need to panic. There are sufficient supplies. There is no rationing in place. It's not going to happen," Oil Secretary Neeraj Mittal said at CII's Annual Business Summit here, noting that India had maintained around 60 days of fuel stocks and about 45 days of LPG inventories during the past 67 days of market disruption.
The comments came a day after Prime Minister Narendra Modi urged for fuel conservation and lower imports as surging g...