India is the world's fourth largest refiner with installed capacity of 258.1 million tonnes per annum across 22 operational refineries
Domestic consumption was 243.2 million tonnes in FY 2025-26
Petroleum product exports were 61.5 million tonnes in FY 2025-26
PSU Oil Marketing Companies are absorbing losses of approximately ₹550 crore per day on sale of Petrol, diesel and domestic LPG
Private Oil Marketing Companies experiencing 38% decline in HSD offtake during current month across retail outlets and bulk customers
PSU bulk customer volumes have recorded decline of approximately 29%
Government has requested States/UTs to form special squads and take strict action against malpractice under EC Act provisions
Actions targeted against: bulk consumers and hoarders taking supplies meant for retail consumers, black marketing, unauthorised stocking, and diversion of petroleum products
Secretary (P&NG) reviewed situation with Chief Secretaries of States/UTs, FICCI and CII
