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Petroleum minister says E20 has been used safely for nearly two years and argues higher ethanol blending will reduce crude imports, support farmers and strengthen India's energy security
Analysts and the government differ on fuel under-recoveries as crude prices ease, highlighting contrasting views on OMC margins and India's fuel pricing formula
High crude oil prices pushed state-run oil retailers into massive under-recoveries despite fuel price hikes, while LPG sales continued to remain loss-making, Petroleum Minister Hardeep Singh Puri said
Petroleum Minister Hardeep Singh Puri said rising crude prices during the West Asia conflict led to ₹74,781 crore in losses for state-run OMCs till June 30
The launch of E85 fuel and flex-fuel vehicles has revived debate on the future of ethanol blending in India, but questions remain over incentives, infrastructure and consumer acceptance
A tripartite pact - amid the promise of removing Afspa from almost all of the Northeast - revives hydrocarbon exploration along the Assam-Nagaland border after decades of dormancy
Royalty on crude produced from onland nomination and pre-NELP blocks will again be calculated on a cum-royalty basis, reversing a key May 8 reform
It may remain a conflict not confined to that theater ... you know, you could have problems elsewhere, Hardeep Singh Puri said
E85 fuel will initially be available at 48 outlets and is planned to reach 5,000 retail pumps by December 2027, supporting higher ethanol blending levels
The new fuel enters the market amid lingering concerns over the impact of ethanol blends on mileage and engine durability
He said Indian oil and gas companies already have existing investments in Venezuela and are seeking new collaboration opportunities to enhance the bilateral energy partnership
Oil marketing companies will begin selling flex fuel at select outlets in NCR and the Mumbai-Pune-Nagpur corridor before expanding nationwide
Puri asserted that the Flex Fuel Vehicles offer India a practical solution to reduce crude oil imports, strengthen the rural economy through ethanol demand, and advance low-carbon mobility
The state-run upstream companies have invested over $0.5 billion in seismic data acquisition in the last eight years
Speaking at the CII Annual Summit, Union Minister Hardeep Singh Puri said India's oil companies are losing ₹1,000 crore every day and the under recovery is going to be ₹1,98,000 crore
Amid the West Asia crisis, the government is considering expanding India's crude oil, gas and LPG reserves to strengthen long-term energy security
Oil Minister Hardeep Singh Puri said state-run oil companies are facing mounting losses from frozen fuel prices amid rising crude oil costs and geopolitical tensions
At the same time, the minister acknowledged growing fiscal stress from keeping retail fuel prices unchanged
Oil Minister said PM Narendra Modi's austerity appeal should be taken as a wake-up call and urged to start thinking of "measures" to lessen fiscal strain from West Asia conflict
The government said India has adequate fuel supplies and stable prices despite rising global energy costs and mounting losses for oil marketing companies