New Delhi May 15 2026: Indian Oil Corporation Limited has increased refinery operations beyond 100 percent capacity in an effort to ensure uninterrupted fuel availability at petrol pumps after a marginal hike in domestic petrol and diesel prices across the country.
Officials indicated that oil marketing companies have taken the step to maintain smooth supply levels and avoid any disruption at retail outlets following recent upward revisions in fuel prices. The move comes as global crude market volatility and geopolitical tensions in West Asia continue to impact supply chains and pricing dynamics.
Earlier in the day, petrol and diesel prices were increased by around ₹3 per litre across variants, reflecting cost pressures faced by oil companies. Industry sources said the revision is aimed at addressing under-recoveries while balancing retail supply stability.
The adjustment in fuel prices has drawn attention in the political space as well, with discussions ongoing around the timing of revisions following recent state assembly elections in several states. Meanwhile, companies in the sector are focusing on maintaining steady supply and meeting consumer demand without disruption at fuel stations.
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