- Commercial fuel buying restrictions lifted from July 1.
- Measures imposed due to West Asia war disruptions.
- Industrial, commercial customers can now buy from retail.
In a major relief, the central government on Monday announced to completely lift all restrictions on commercial buying of petrol and diesel from retail outlets from July 1. A government order issued on Monday stated that these restrictions were imposed as an emergency measure and will end on July 1.
The said restrictions were imposed on June 12 amid disruptions to the global supply chain due to the war in West Asia.
In a press release, the Ministry of Petroleum and Natural Gas said, "The Ministry of Petroleum and Natural Gas has withdrawn the temporary regulatory measures governing the sale and distribution of Motor Spirit (MS) and High Speed Diesel (HSD) through retail outlets of Public Sector Oil Marketing Companies with effect from 1st July, 2026".
"Following a review of the supply situation of petroleum products in the country, the Government has concluded that the temporary regulatory measures are no longer required in the public interest. Accordingly, the Order dated June 12, 2026 stands withdrawn with effect from July 1, 2026," the release added.
ALSO READ: Acquisition Update! BPCL To Acquire 40% Stake In Tiki Tar And Shell India; Stock Falls
The release added that the temporary measures helped to ensure adequate availability of petrol and diesel for consumers across the country while safeguarding the interests of retail consumers.
As part of the restriction orders, the Ministry of Petroleum and Natural Gas barred industrial, commercial and institutional customers from purchasing petrol and diesel from retail fuel stations and directed them to buy fuel from authorised bulk suppliers.
The ministry had issued the "Motor Spirit and High Speed Diesel Order, 2026," directing oil marketing companies (OMCs) and fuel retailers to limit bulk purchases from retail outlets for 90 days.
ALSO READ: Increased Petrol Prices Stressing You Out? Check Out 5 CNG Cars With The Highest ARAI Mileage
The Centre had stated that the decision was taken in view of the "current geopolitical situation affecting parts of the world," which had disrupted the international petroleum supply chain, shipping logistics, and availability of petroleum products.
(With ANI Inputs)