JAKARTA - India, which imports more than 85 percent of its crude oil, with Russia as the largest supplier, is feeling the pressure as fuel oil prices soar.
Citing Al Jazeera on Friday, March 27, the Indian government imposed a tax cut on fuel because the massive Israeli-US attack on Iran had disrupted global energy supplies from the Strait of Hormuz and pushed up domestic fuel prices.
The government also imposed export duties on diesel fuel and aviation to secure domestic fuel supplies.
Indian officials have informed that fuel supplies are stable despite the growing geopolitical turmoil in the Gulf countries.
However, the appeal was only a passing wind, people in a number of areas in India still panic buying, triggering long queues at many gas stations.
The Indian government has asked its people not to be influenced by news or news that cannot be held accountable for the truth of its information regarding the supply of Indian fuel.
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