The Government on Friday reiterated that India was fully secure on fuel supplies for the next many months because of which the talk of dependence on strategic reserves, meant for emergencies, is redundant and secondary.The Petroleum Ministry said needless misinformation is circulating suggesting that only six to ten days of stocks are there in the country.”India has 74 days of total reserve capacity and actual stock cover is around 60 days right now, including crude stocks, products stocks and the dedicated strategic storage in caverns even as we are on the 29th day of the Middle East crisis. Nearly two months of steady supply is available for every Indian citizen regardless of what happens globally. Next 2 months of crude procurement has also been secured. India is completely secure for next many months and the quantity in strategic cavern storage becomes secondary in such a supply situation. Therefore, any representation that India’s reserves are depleted or insufficient should be dismissed with the disdain it deserves,” Ministry said.Fuel reserves are maintained at two levels — Oil Marketing companies IOC, BPCL and HPCL have around 67 to 70 days of reserves and then there are strategic national reserves at three places in India which have 53 lakh metric tonnes of petroleum for emergencies.The Ministry said India is an oasis of energy security.”We are the world’s fourth largest refiner and fifth largest exporter of petroleum products, supplying refined fuel to over 150 countries. Because India is a net exporter to the world, domestic petrol and diesel availability is structurally assured. All 1 lakh-plus retail fuel outlets across the country are open and dispensing fuel without interruption. Not a single outlet has been asked to ration supply,” officials said.They said where isolated instances of panic buying occurred at select pumps, they were driven by deliberate misinformation spread by certain videos in social media.”Despite the surge in demand on such pumps, fuel was dispensed to all the consumers and oil company depots have been operational through the night to ramp up supplies. Steps have also been taken by oil companies to increase credit to petrol pumps to over 3 days from the earlier allowed one day in order to ensure that there is no shortage of petrol and diesel at any pump due to working capital issues of pump owners,” Ministry reiterated today.Government added that across the world countries are dealing with price increases, rationing, odd-even vehicle restrictions, and forced station closures.Few countries have declared “National Energy Emergency”.India does not feel the need to take such extreme measures, the officials said, asking people to maintain calm and not heed false news.