Major oil-consuming nations are unlikely to face fuel shortages as oil-producing countries increase their supply, according to Oil Minister Hardeep Singh Puri.

Puri stated that Brazil is expected to increase its crude oil production by 300,000 to 400,000 barrels per day, while the US is anticipated to contribute an additional one million barrels.

This increase in supply is beneficial for India, which relies on imports for over 85% of its crude oil needs. Puri emphasized the importance of stable crude oil prices for India's economic decision-making and suggested that the influx of oil from these producing nations could help maintain market stability.