Oil supply to Indian refineries is adequate: Government


Oil supply to Indian refineries is adequate: Government

The government has worked out a contingency plan to ensure that there is adequate supply of crude oil to Indian oil refineries from May onwards when the US lifts the waivers from its Iran sanctions given earlier to major oil importing countries, including India.

“The government of India has put in place a robust plan to ensure that there is adequate supply of crude oil to Indian oil refineries from May 2019 onwards. There will be additional supplies from other major oil producing countries from different parts of the world,” a Petroleum Ministry statement said on Tuesday.

“The Indian refineries are fully prepared without any problem to meet the national demand for petrol, diesel and other petroleum products in the country.” Read more

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