Indian Energy Minister says refineries are working at high-capacity utilisation. Domestic diesel and petrol availability is secure.

The Indian Energy Minister's confirmation of high-capacity utilization at refineries provides a positive signal for domestic fuel supply, particularly diesel and petrol. This suggests that there are no immediate supply constraints that could affect prices, indicating stability in the energy market. Given India's significant role in global oil demand, this news might mitigate upward pressure on crude prices amidst ongoing geopolitical tensions.