Editorial photo #13494303 Economy, Business and Finance
Fear Of Fuel Shortage Triggers Panic Buying In Kashmir, India
People queue to fill petrol in their two-wheelers at an Indian Oil Corporation fuel station in Srinagar, Jammu and Kashmir, on March 25, 2026, amid concerns over potential supply disruptions linked to the ongoing conflict involving the United States, Israel, and Iran. Authorities state there are no shortages. Long queues are observed at petrol pumps across Kashmir amid rumors of a possible lockdown due to fears of fuel shortages in India. The panic buying is driven by concerns over disruptions in global oil supply, particularly through the Strait of Hormuz, a key transit route for a significant share of India's crude imports. Recent data suggests that roughly 40% of India's oil imports have traditionally passed through this route, making it highly sensitive to geopolitical tensions. (Photo by Firdous Nazir/NurPhoto)
