Shubhangi Mathur

Imports of Russian crude oil rose to 1.92 million barrels per day till May 28

The government has asked state-run oil marketing companies to maintain at least 30 days of LPG reserves as supplies from West Asia remain constrained

Near-term retail demand may stay sensitive to macro conditions

The Centre has flagged rising diversion of discounted retail fuel by industrial users even as public-sector oil firms absorb heavy losses to shield consumers

New well gas constituted 17 per cent of production and 21 per cent of revenue in FY26 from ONGC nomination gas portfolio

State-run OMCs are currently absorbing losses of around Rs 550 crore per day on sale of petrol, diesel and domestic LPG

MGL discontinues subsidies for commercial users

Fuel prices were raised by ₹2.61-2.71 per litre as oil marketing companies continue to face mounting losses amid elevated global crude oil prices

Oil marketing companies have raised fuel prices again amid elevated crude prices, while under-recoveries narrow as West Asia tensions keep energy costs high

S&P said Indian Oil may receive extraordinary support from the Indian government if the company comes under financial stress

The government said panic buying and bulk diesel consumers shifting to retail outlets triggered temporary fuel shortages at some petrol pumps

The state-run upstream company is exploring overseas assets across multiple geographies while expanding domestic exploration and deepwater partnerships

State-run oil major says recent increase in retail fuel prices has eased pressure amid soaring crude prices and mounting under-recoveries

Petrol now costs ₹98.64 a litre in the national capital, from earlier ₹97.77 a litre and diesel is priced higher at ₹91.58 per litre

he US has extended sanctions waiver on Russian oil purchases till June 17, easing pressure on Indian refiners reliant on discounted crude imports

IGL's revenue from operations rose 5.6% YoY in the quarter to ₹4,584.58 crore

India will continue purchasing Russian crude oil despite the expiry of the US waiver, while fuel retailers' under-recoveries have narrowed after the recent price hike

Petrol now costs ₹97.77 per litre in Delhi, up from ₹94.77 a litre earlier, while diesel prices have been raised to ₹90.67 per litre

Under the latest US waiver, countries have been allowed to purchase Russian crude oil and petroleum products until May 16 that were loaded onto vessels on or before April 17

The state-run upstream companies have invested over $0.5 billion in seismic data acquisition in the last eight years