India has secured crude oil and LPG supplies for the near term, limiting the immediate impact of the renewed Strait of Hormuz closure, though prices are expected to rise
The government cited logistical challenges and investments in ethanol infrastructure while acknowledging that E20 fuel delivers 3-5 per cent lower mileage than conventional petrol
Officials say India has adequate crude oil, LNG and LPG inventories to withstand any near-term supply disruption even as renewed US-Iran tensions push up crude prices
The Indian Gas Exchange's benchmark gas price index rose sharply in April as supply constraints linked to the West Asia crisis pushed up prices despite a surge in traded volumes
Prime Minister Narendra Modi will inaugurate a refinery-cum-petrochemical complex, a semiconductor facility and other projects worth about ₹1.06 lakh crore during his visit to Rajasthan and Gujarat
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
Petrol and diesel consumption rose despite higher fuel prices, while ATF demand edged lower and LPG sales declined amid supply disruptions from West Asia
Russian crude imports rose to a record 2.58 million barrels a day in June as discounts widened and refiners diversified sourcing amid supply constraints from West Asia
The state-run oil marketer will acquire Videocon Energy Brazil's stake in IBV Brazil Petroleo, making the upstream company a wholly owned subsidiary of its overseas arm
On June 12, the government had prohibited industrial and commercial consumers from purchasing petrol and diesel from retail outlets, directing them to source fuel from designated consumer pumps
Mahanagar Gas says LPG supplies to housing societies with operational PNG infrastructure will stop after 90 days, urging residents to apply for piped gas connections
The Centre has restored non-domestic LPG supplies to pre-conflict levels and partially resumed bulk LPG allocations as energy supplies improve following the reopening of the Strait of Hormuz
Petroleum ministry says social media posts on ethanol-blended fuel are misleading and reiterates that higher blending levels follow stringent testing and evaluation
Until June 20, Russia contributed to nearly 50 per cent of India's total crude oil imports in the month, showed data from maritime intelligence firm Kpler
The oil ministry is considering increasing the weightage of exploration activities in the performance assessment of upstream oil PSUs to boost domestic hydrocarbon discoveries
India's crude oil import bill rose sharply in May as higher global energy prices outweighed stable import volumes amid supply disruptions linked to the West Asia crisis
The proposed US-Iran agreement could revive India's crude imports from Iran, improve energy security and provide renewed momentum to the strategically important Chabahar Port
