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No petrol, diesel shortage: Indian Oil Chairman asks citizens to ignore rumoursIndian Oil Chairman Arvinder Singh Sahney said there is no petrol or diesel shortage, urging citizens to avoid panic buying, while BPCL and HPCL also dismissed rumours of supply disruption.By Sheersh Kapoor  March 25, 2026, 5:52:10 PM IST (Published)2 Min ReadIndian Oil Corporation Chairman Arvinder Singh Sahney on Wednesday assured that there is no shortage of petrol or diesel in the country, urging citizens to avoid panic buying amid circulating rumours.

Sahney said IndianOil outlets across the country are well-stocked and functioning normally, cautioning that unverified information can trigger unnecessary panic and disrupt supply chains. He urged consumers to rely only on official communication and maintain normal consumption patterns.

We would like to assure all citizens that there is no shortage of petrol or diesel.

IndianOil outlets nationwide are well-stocked and functioning normally.

Unverified rumours can lead to unnecessary panic and supply disruptions.

Please avoid panic buying and trust only official…

— ChairmanIOC (@ChairmanIOCL) March 25, 2026

The company, in a separate statement, reiterated that fuel supplies remain stable and that rumours circulating online are unfounded. It said such speculation can create avoidable concern and impact smooth distribution.

State-run oil marketing companies BPCL and HPCL also issued similar clarifications. BPCL said there is no shortage of fuel across the country and that supply chains are operating without disruption. It added that India remains a net exporter of petrol and diesel, with adequate availability of crude oil, petrol, diesel and aviation turbine fuel.

HPCL echoed the reassurance, stating that sufficient stocks of petrol, diesel and LPG are available nationwide and advising customers not to resort to panic buying.

Also Read: LPG supply to cease for households not shifting to PNG in 90 days where available: Govt order

The statements come days after Indian Oil raised prices of its premium petrol variant XP-95 by about ₹2 per litre, while keeping regular fuel prices unchanged despite elevated global crude costs. The company also revised industrial diesel prices sharply higher, reflecting rising input costs linked to geopolitical tensions.

On Wednesday, shares of oil marketing companies, including Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited and Indian Oil Corporation, rose up to 2% as Brent crude slipped below $100 per barrel.Continue ReadingTagsIndian Oil Corporation IOCIOCLpetrol pricesshare market todaywest asia