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India Dismisses Fuel Shortage Fears as Geopolitical Tensions Spark Panic Buying at the Pump
India’s Petroleum Ministry has assured citizens of ample fuel stocks for eight weeks following a wave of panic buying triggered by Israel-Iran tensions. Despite Brent crude rising above $80, officials confirmed no planned price hikes and noted that PESO rules allow limited diesel storage for farms. Authorities are urging calm to prevent artificial shortages at petrol pumps.
