Brief by Shorts91 Newsdesk / 06:43pm on 14 May 2026,Thursday India
Long queues and panic buying were reported at petrol pumps across several Indian cities after rumours of a sharp petrol and diesel price hike spread amid rising global crude oil prices linked to the West Asia crisis. Many fuel stations witnessed heavy rushes, with some temporarily running out of stock due to sudden demand. Reports suggested state-run oil companies are facing major losses while keeping fuel prices unchanged, increasing speculation about an imminent hike. However, government officials urged citizens not to panic, assuring that fuel supplies remain adequate and distribution systems are functioning normally despite temporary delays caused by hoarding and increased demand. (PC: India Today)
