The Ministry of Petroleum and Pure Fuel introduced on Monday (2 March 2026) that it has reviewed the availability of petroleum, pure gasoline and different petroleum merchandise. Photograph: X/@PetroleumMin
The Ministry of Commerce and Trade on Monday (March 2, 2026) held a gathering with all related ministries, key logistics and commerce facilitation companions to think about the rising geopolitical scenario attributable to conflicts in West Asia and its potential impression on India’s import and export cargo flows, together with the export ecosystem, the federal government stated.
The assembly was attended by representatives of logistics operators, delivery strains, forwarders, Central Board of Oblique Taxes and Customs, Ministry of Monetary Providers, Ministry of Petroleum and Pure Fuel, Ministry of Ports, Transport and Waterways, Reserve Financial institution of India, and numerous export promotion companies.
“The federal government reiterates its readiness to facilitate commerce operations, together with procedural flexibility in export-related approvals within the occasion of real disruption, coordination with customs authorities to make sure clean customs clearance, collaboration with monetary and insurance coverage establishments to assist the pursuits of exporters, and continued interagency collaboration,” the ministry stated in a launch.
Through the assembly, officers offered an evaluation of the evolving working setting, together with adjustments in routes and transit instances, vessel schedule changes, container and tools availability, developments in freight and insurance coverage prices, and the impression on delicate exports, the federal government stated.
“The dialogue addressed the necessity to preserve predictability of cargo actions, decrease avoidable delays, and guarantee seamless documentation and fee processes for exporters and importers,” the discharge added.
All events current on the assembly agreed to take care of shut real-time coordination to watch route and capability developments, surcharges, and tools availability.
“India has efficiently navigated a number of world disruptions lately and continues to strengthen the resilience of its provide chains,” the federal government stated. “The federal government stays dedicated to making sure that India stays a steady and dependable buying and selling companion.”
Individually, the Ministry of Petroleum and Pure Fuel additionally introduced on Monday that it had reviewed the availability of oil, pure gasoline and different petroleum merchandise.
“In view of the persevering with geopolitical developments within the Center East, the Minister of Petroleum and Pure Fuel reviewed the availability scenario of crude oil, LPG and different petroleum merchandise with senior officers of the ministry and PSUs,” the ministry stated in X. “We’re repeatedly monitoring the evolving scenario and can take all steps to make sure the provision and affordability of key petroleum merchandise within the nation.”
