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The Economic Times

Economy / The Economic Times

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Government assures 78 days of oil amid MPs' concerns

Concerns over fuel, shipping, and fertilizer supplies dominated a Parliamentary panel meeting. Officials assured adequate fuel reserves and fertilizer availability for the Kharif season. However, 37 Indian ships are stranded in West Asia due to the Strait of Hormuz closure. Cargo insurance premiums have risen sharply. The government is addressing these issues amid ongoing global challenges.

25 May 2026 11:52 pm