5th meeting of Informal Group of Ministers (IGoM) on West Asia chaired by Raksha Mantri Shri Rajnath Singh at Kartavya Bhawan-2, New Delhi on May 11, 2026
India has no shortage of any petroleum product
India maintains 60 days of crude oil reserves
India maintains 60 days of Natural Gas reserves
India maintains 45 days of LPG rolling stock
Foreign exchange reserves stand at $703 billion
India is world's third largest oil refiner
India is fourth largest exporter of petroleum products
Petroleum products exported to over 150 countries
Oil marketing companies absorbing losses of close to ₹1,000 crore per day
Under-recoveries running to nearly ₹2 lakh crore in Q1 '26
Emergency Credit Line Guarantee Scheme 5.0 approved with total additional credit flow target of ₹2,55,000 crore
Credit guarantee coverage of 100% for MSMEs
Credit guarantee coverage of 90% for non-MSMEs and airline sector
Force majeure relief measures include performance deadline extensions by 2-4 months from February 28, 2026
Fertilizer Stock Position (Lakh Tons as on 11.05.2026)
Urea: 76.65 (compared to 75.48 on 11.05.2025)
DAP: 22.52 (compared to 14.87 on 11.05.2025)
NPKs: 60.42 (compared to 48.32 on 11.05.2025)
SSP: 26.99 (compared to 26.92 on 11.05.2025)
MOP: 13.07 (compared to 12.99 on 11.05.2025)
Total: 199.65 (compared to 178.58 on 11.05.2025)
Fertilizer Requirements and Availability
Kharif 2026 fertilizer requirement assessed at 390.54 LMT
Current stock represents more than 51% of requirement (significantly higher than usual 33%)
Domestic Fertilizer Production (Lakh Tons, 01.03.2026 to 10.05.26)
Urea: 46.28 (compared to 54.98 in same period 2025)
DAP: 6.20 (compared to 5.56 in same period 2025)
NPKs: 15.57 (compared to 22.03 in same period 2025)
SSP: 8.73 (compared to 9.44 in same period 2025)
Total: 76.78 (compared to 92.01 in same period 2025)
Fertilizer Sales (Lakh Tons, 01.03.26 to 10.05.26)
Urea: 38.94 (compared to 34.60 in same period 2025)
DAP: 9.40 (compared to 6.17 in same period 2025)
NPKs: 14.25 (compared to 11.71 in same period 2025)
SSP: 5.52 (compared to 4.28 in same period 2025)
MOP: 3.08 (compared to 2.89 in same period 2025)
Total: 71.19 (compared to 59.65 in same period 2025)
