The Indian government has decided to reduce the equity infusion for state-owned fuel retailers to INR 15,000 crore, down from the initially announced INR 30,000 crore. The funds were intended to support Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) in their energy transition projects. Additionally, the proposed INR 5,000 crore allocation for purchasing crude oil to fill strategic storages has been deferred. The adjustments align with emerging trends in oil markets and may be linked to the government’s efforts to limit fiscal deficits amid revenue shortfalls.