Gas Prices

Government-funded affordability support and a wider domestic gas pool will cushion consumers from the impact of higher procurement prices paid to CBG producers

Conflict in West Asia has choked a fifth of global LNG supply, but that hasn't resulted in extreme price spikes seen during previous energy crises, mainly due to weak Chinese imports

The steep hike in 19 kg commercial LPG prices from May 1 marks the third increase since late February, raising costs for eateries and businesses, while petrol, diesel remain steady

India's domestic production supplies about 41 per cent of the country's LPG demand, while the remaining volumes are imported

Since oil and gas prices did not join other commodities in their run up in the last few months, analysts believe they are likely to remain sideways at best, unless geopolitical events trigger a rally

Torrent Gas on Friday announced a reduction of up to Rs 3.50 per kg in the retail price of CNG and up to Rs 2 per standard cubic metre in domestic PNG in its areas of operation connected to the National Gas Grid across the country. "This will make CNG cheaper by up to 43 per cent vis-a-vis petrol," the company said in a statement. This reduction in prices of CNG and PNG comes on the back of the implementation of the Unified Tariff order by PNGRB, effective from January 1, 2026. "This reduction in CNG and PNG prices will bring great relief to households using it as cooking fuel and to CNG vehicle owners by reducing household expenses for the common man. This bold step, along with the nationwide PNGRB Campaign for promoting the usage of Natural Gas, is also expected to give an impetus to the offtake of new PNG connections amongst households and encourage the sale of new CNG vehicles, including passenger and commercial segments," it said. Torrent Gas has always been at the forefront o

On the bourses, IGL share price rallied up to 5.54 per cent to an intraday high of ₹193.35 per share, while MGL share price rose up to 4.22 per cent to an intraday high of ₹1,159.25.

The attacks, according to analysts at Rabobank International, expose wider risks to crude and natural gas supplies from the region despite the initial quick reversal of price gains for both markets

Downstream businesses like the oil marketing companies (OMCs) and gas players gain

Chairman also expected that the Union Budget would give relief on compression charges on CNG and some steps are taken to bring natural gas under the GST coverage

Oil prices climbed this week as tensions in the Middle East escalated. Iran launched missiles at Israel and the Israelis threatened retaliation, raising the possibility of a disruption to the flow of oil from the region. A jump in oil prices automatically spurs fear of a spike in gas prices, but experts see reasons that may not happen. Here's a look at the current situation and the outlook for oil and gas prices: Familiar tensions, different times Oil prices rose than USD 6 per barrel this week and prices at the pump moved higher as well. The average price for a gallon of gas rose 5 cents from last week. Any major escalation of tensions in the Middle East conjures up memories of the oil embargo that followed the start of the Yom Kippur war in 1973, which quadrupled oil prices. However, the global supply of oil has been altered radically since the 1970s, with the US becoming the world's largest oil producer. Months of war between Israel and Hamas and Hezbollah, two Iranian proxies,

Increasing global gas prices, and an extended winter in March led to the sudden fall

Stocks to Watch on March 7: Indraprastha Gas, on Wednesday, reduced the prices of compressed natural gas (CNG) in the national capital by Rs 2.5 per kilogram

Falling freight rates for LNG shipments have reduced gas prices in India

Last month, before Budget 2024, the price of commercial LPG cylinders was hiked by Rs 14 in Delhi to Rs 1,770

The Qatari announcement comes as U.S. gas prices trade near an all-time low if adjusted to inflation after a decade of meteoric rises in output which made the U.S. one of the top oil and gas exporters

Still, having scraped through the crisis, Europe has emerged into a new reality that has its own list of challenges

Exxon's oil and gas pumping business was hurt by a 60% drop in natural gas prices compared with a year ago

Prime Minister Narendra Modi on Tuesday said that the reduction in prices of cooking gas cylinders will make the lives of women easier

Tripura State Electricity Corporation Ltd has submitted a representation to the state regulatory commission, seeking a hike in power tariff to bridge its revenue gap, a senior official said on Saturday. There has been no tariff increase in Tripura since 2014, causing a huge loss to the state government-run power corporation, he said. There has been an average 196 per cent increase in natural gas price in the past one year and the introduction of uniform transmission cost has hit the corporation's fiscal position. While the uniform transmission cost appears good for big states like Assam, it harms small states such as Manipur, Tripura and Mizoram, TSECL Managing Director Debasish Sarkar told PTI. The corporation will have a revenue gap of Rs 1,100.60 crore if the tariff remains unchanged for the 2023-24 financial year, he said. Projected revenue stands at Rs 868.04 crore for 2023-24, while TSECL needs to spend Rs 1,968.64 crore for the current fiscal, leading to a gap of Rs 1,100.6