During the CII Annual Business Summit, Union Oil Minister Hardeep Singh Puri suggested that fuel prices might increase due to the ongoing conflict in West Asia, although he clarified that there is currently no fuel supply shortage. The Indian government has ramped up Liquified Petroleum Gas (LPG) production from 36,000 to 54,000 metric tons per day to meet demand. Puri emphasized that the last fuel price hike occurred in 2022 and dismissed claims that recent elections influenced pricing decisions. He reassured that India has sufficient reserves, with 60 days of crude and 45 days of LPG stock available. Additionally, Prime Minister Narendra Modi's recent appeal for austerity measures, including postponing gold purchases and reducing fuel consumption, was characterized by Puri as a necessary response to the fiscal challenges posed by the conflict. As petrol consumption has risen by 6%, the minister confirmed that all petrol stations remain adequately supplied.