<h2>Overview</h2>
<p>The Ministry of <span class="key-term" data-definition="Ministry of Petroleum and Natural Gas (MoPNG) – the central government body that formulates India’s oil, gas and petrochemical policies (GS3: Economy)">Petroleum and Natural Gas</span> (MoPNG) announced that the <span class="key-term" data-definition="Nayara Refinery – a major oil‑refining complex in Gujarat, contributing to India’s domestic fuel supply (GS3: Economy)">Nayara Refinery</span> is expected to restart operations by mid‑May after a brief shutdown. Simultaneously, the ministry confirmed that there is no proposal to raise <span class="key-term" data-definition="Petrol and diesel pricing policy – the mechanism through which the government regulates fuel prices, often linked to international crude oil rates (GS3: Economy)">petrol or diesel</span> prices for premium variants after 1 April. The announcement comes against the backdrop of heightened <span class="key-term" data-definition="U.S.-Iran war – the ongoing military confrontation between the United States and Iran, affecting global energy security (GS2: International Relations)">U.S.-Iran tensions</span>, with Iran’s blockade of the <span class="key-term" data-definition="Strait of Hormuz – a narrow maritime chokepoint through which a large share of the world’s oil passes, making it strategically vital (GS3: Energy security)">Strait of Hormuz</span> disrupting oil shipments worldwide.</p>
<h3>Key Developments</h3>
<ul>
<li>Joint Secretary <strong>Sujata Sharma</strong> (MoPNG) said the <span class="key-term" data-definition="Nayara Refinery – a major oil‑refining complex in Gujarat, contributing to India’s domestic fuel supply (GS3: Economy)">Nayara Refinery</span> will likely resume by mid‑May.</li>
<li>No increase in <span class="key-term" data-definition="Petrol and diesel pricing policy – the mechanism through which the government regulates fuel prices, often linked to international crude oil rates (GS3: Economy)">petrol or diesel</span> prices for premium grades after 1 April.</li>
<li>Iran continues to block the <span class="key-term" data-definition="Strait of Hormuz – a narrow maritime chokepoint through which a large share of the world’s oil passes, making it strategically vital (GS3: Energy security)">Strait of Hormuz</span>, a move that began with the U.S.-Israeli offensive two months ago.</li>
<li>The White House is reviewing Tehran’s latest proposal to unblock the waterway, while Iran’s <span class="key-term" data-definition="Defence Ministry (Iran) – the governmental department responsible for national defence and foreign policy statements (GS2: International Relations)">Defence Ministry</span> claims the U.S. can no longer dictate policy to independent nations.</li>
</ul>
<h3>Important Facts</h3>
<ul>
<li>Shutdown period of the <span class="key-term" data-definition="Nayara Refinery – a major oil‑refining complex in Gujarat, contributing to India’s domestic fuel supply (GS3: Economy)">refine
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