Indian oil: The government company Indian Oil Corporation Limited (IOC), also known as Indian Oil, has taken a big decision. The company said on Monday that the company will continue the purchase of crude oil from Russia in the current quarter. The company said that it will depend on the economic situation of the company. However, the company also stated that the discount on the Russian barrel has been reduced considerably to only $ 1.5-2 per barrel.

Trump has already given this threat

The company has taken this decision at a time when India is under threat of American tariff. President Donald Trump has already said that if India continues to purchase crude oil from Russia, it will have to face 25 percent additional tariffs. Let us know that in the first quarter of 2026, the business year was 24 percent of IOCL imports, which was 22 percent in 2025. The company said, last year, we imported about 22 percent crude oil from Russia. It was about 24 percent in the first quarter of FY 2026. In this quarter, we will continue purchasing Russian crude oil based on our economic condition.

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Indian oil on fuel stocks: After the terrorist attack in Pahalgam, the stress between two countries has increased considerably due to India’s counter action. A statement has been issued by the Indian Oil Company regarding adequate availability of oil in the country. In this statement released on Friday by the Indian Oil Corporation, it has been said that oil is sufficient in the stock across the country and its operational lines are running smoothly.

IOL wrote on its social media post X that fuel and LPG are available at all outlets, so they should not worry about any kind. Along with this, the oil company has advised people to be absolutely calm and unnecessarily upset. This will help the company to supply fuel smoothly.

#Indianoil Has Ample Fuel Stocks Across the Country and Our Supply Lines are operating smoothly.

There is no need for panic buying – Fuel and lpg is readily available at all our outlets.

Help Us Serve You Better by Staying Calm and Avoiding Unnecessary rush. This will keep our…

– Indian Oil Corp Ltd (@IndianoLCL) May 9, 2025

Indian Oil released a statement

This statement from Indian Oil came at a time when long queuing photos and videos are going viral to take people’s oil in front of petrol pump on social media. On Wednesday, most people were seen getting upset in some parts of Punjab. People looked quite restless to buy essential commodities and oil in the border area. In a report, the Hindusta Times, citing a local petrol owner, said that the sales of fuel have increased three times due to India and Pakistan tension.

Significantly, on April 22, the wire of the terrorist attack in Pahalgam joined Pakistan across the border. After this, India attacked and demolished 9 terrorist bases in Pakistan and its occupied Kashmir on 7 May. The operation of the three organs of the Indian Army was jointly performed against Pakistan for the first time since 1971.

Peak stress

Since this answer of India, Pakistan has been continuously trying to attack with drones and missiles. However, India is responding to every one of its attacks. Pakistan also tried to attack India’s airbase. Along with this, targeting many locations is attacking. But already alert is giving a befitting reply to every conspiracy of India, neighboring country.

Also read: Learn what is the condition of Pakistan’s stock market today after Trahimam for four days from India’s action