New Delhi, May 24 (IANS). Amid growing concerns over fuel in the country, Bharat Petroleum Corporation Limited (BPCL) Marketing Director Sukhmal Kumar Jain said on Sunday that there is no shortage of petrol and diesel in the country and government oil companies are easily managing the supply and consumption of fuel.
Speaking to news agency IANS, Jain said that out of about one lakh fuel pumps present in the country, 85,000 are managed by government oil companies and fuel supply remains normal at all of them.
However, Jain said, “There could be sporadic cases due to various other reasons, but as per my knowledge there is no shortage of fuel in the country.”
Commenting on the current market situation, Jain said global crude oil prices and other related costs remain highly volatile.
He said that shipping costs, insurance expenses and fluctuations in exchange rates have greatly affected oil companies.
“The situation at present is extremely volatile and has many aspects. If you have carefully observed the changes in crude oil, shipping costs, insurance and even exchange rates, you will understand,” he said.
According to Jain, exchange rates which were earlier around 89-90, have now reached around 96, increasing the burden on oil marketing companies.
He said that due to the combined effect of all these factors, oil companies are currently incurring losses ranging from Rs 600 crore to Rs 700 crore per day.
Despite pressure on margins, Jain said public sector oil companies continue to ensure uninterrupted fuel supply across the country.
Earlier, BPCL Director Finance VRK Gupta said that amid the Middle East crisis, the government oil company is increasing its purchase of crude oil from Russia and at present the share of Russian crude oil in the company’s total imports has reached about 41 percent, which was 31 percent in the fourth quarter (January to March) of FY 26.
Talking to the media, Gupta said that due to tension in the Middle East, the company has increased the purchase of crude oil from various sources, especially Russia.
Earlier, in the third quarter of FY26 (October to December 2025), the share of Russian crude oil in the company’s import basket was about 25 percent.
–IANS
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