LPG

India has signed its first-ever one-year LPG import deal with the US — a major shift in its energy strategy.

India plans to raise energy imports from the US to cut its trade surplus with Washington, a key irritant for President Donald Trump, who has imposed a 50% import levy on Indian goods

23 Indian crew members onboard MV Falcon, which caught fire and was adrift off the Yemen coast following an explosion, have been rescued and safely handed over to the Djiboutian Coast Guard. The Cameroon-flagged MV Falcon, which was sailing southeast of the port of Aden, Yemen, with destination Djibouti, caught fire after an explosion onboard on Saturday. The vessel was fully loaded with liquefied petroleum gas (LPG). Upon receipt of an urgent distress request from the vessel's master, UNAVFOR ASPIDES, a purely defensive operation that protects civilian ships and crews navigating the Red Sea and the Gulf of Aden, initiated a search operation. EUNAVFOR ASPIDES, under the coordination of Rear Admiral Andrea Quondamatteo, Force Commander of ASPIDES, has successfully coordinated a SAR (SEARCH AND RESCUE) operation," a statement released by ASPIDES said. MV MEDA successfully rescued 24 crewmembers of MV FALCON (1 Ukrainian and 23 Indians), it added. The MV Falcon was escorted to the P

Over 40 LPG cylinders exploded one after another on the busy Jaipur-Ajmer highway on Tuesday night after a chemical-laden tanker rammed into a parked truck carrying them, triggering panic in the area. Officials said on Wednesday that the tanker driver was burnt alive in the incident and one man was injured. The explosions and flames were visible and audible from several kilometers away and scrap of the exploded cylinders were found metres away. Jaipur Collector Dr Jitendra Soni said that a team of Hindustan Petroleum removed all the cylinders while following safety protocol and mechanism. "Scrap of 42 cylinders was found around the area. They were all exploded cylinders. A total of 120 cylinders were safe. All of them were removed by the team of Hindustan Petroleum that followed all safety measures and protocols to sanitise the area," he told PTI. The truck transporting the cylinders was parked outside a roadside hotel and its driver had stepped out for a meal when the tanker hit

India's state oil companies plan to import up to three large US LPG cargoes per month in 2026, marking the country's first long-term US supply deal

Oil marketing companies have increased the price of the 19 kg commercial LPG cylinder by up to ₹15 starting October 1

Unhappy with your LPG provider? Relief may be around the corner. In a move similar to mobile number portability, cooking gas consumers will soon be allowed to change their supplier without altering their existing connection, offering more choice and improved service. Oil regulator PNGRB has invited stakeholder and consumer comments on the LPG Interoperability Framework. The Petroleum and Natural Gas Regulatory Board (PNGRB), in the notice inviting comments, stated that in situations where a local distributor faces operational constraints, consumers often have limited alternatives, leading to hardship. "There may be other reasons, too, and the consumer needs to have the freedom of choice on the LPG company/dealer, especially when the cylinder price is the same," it said. The then UPA government had, in October 2013, launched a pilot Portability of LPG connections in 24 districts, covering 13 states, and extended it pan-India in January 2014, covering 480 districts. However, unlike

Aviation turbine fuel (ATF) prices were cut by 1.4 per cent on Monday, while commercial LPG cylinders became cheaper by Rs 51.50, reflecting a drop in global benchmark rates. Jet fuel (ATF) price was reduced by Rs 1,308.41 per kilolitre, or 1.4 per cent, to Rs 90,713.52 per kl in the national capital -- home to one of the busiest airports in the country, according to state-owned fuel retailers. The reduction comes after two back-to-back monthly increases in prices since July 1. In all, prices were hiked by Rs 8,949.38 per kl in line with the spurt in international oil rates that followed geopolitical tensions and trade wars. This price cut will reduce the burden on commercial airlines, for whom fuel makes up for almost 40 per cent of the operating cost. No immediate comments could be obtained from the airlines on the impact of the price change. The ATF price in Mumbai was cut to Rs 84,832.83 per kl from Rs 86,077.14, while those in Chennai and Kolkata were increased to Rs 94,151.9

The Cabinet approved ₹30,000 crore compensation for IOCL, BPCL and HPCL to cover domestic LPG losses, ensuring affordable supply and financial stability for PSU oil firms

SBI Card discontinues complimentary air accident insurance for some of its products and PNB requests customers to complete identity verification

The company said its proposed merger with AG&P Pratham will be completed by the first half of 2026

The government is set to compensate OMCs for ₹30,000 crore LPG losses through excise duty collections, easing subsidy burden without straining the expenditure budget

India had rarely bought U.S. LPG in the past due to higher freight costs, but state retailers began buying U.S. LPG in May after China imposed retaliatory import tariffs on U.S. propane

A wage-related dispute between LPG transporters and their drivers at Indian Oil Corporation Ltd's bottling plant at Budge Budge in West Bengal's South 24 Parganas district escalated into a protest. The agitation, which occurred on Tuesday night, temporarily disrupted production and triggered sharp political reactions. Senior BJP leader Suvendu Adhikari, who is also the leader of the opposition in the state assembly, in a post on X, alleged that the incident reflected the growing lawlessness and "syndicate culture" under the Trinamool Congress (TMC) regime. He also shared two videos showing protesters releasing LPG from cylinders, triggering panic in the area. PTI could not independently verify the authenticity of the videos. "Yesterday's protest, where enraged workers released gas from cylinders onto the streets, could have turned catastrophic. A single spark could have ignited a massive fire, potentially engulfing the entire bottling plant, the nearby Budge Budge Institute of ...

Adani Group shares came under pressure on reports of a US probe into alleged Iranian LPG imports in violation of sanctions

Crude oil purchases are facing hurdles, LNG imports are crashing and potential LPG purchases are falling hostage to tariff and geopolitics, according to industry sources and ship tracking data

The initial public offer of Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, received a 26 per cent subscription on Monday, the first day of bidding. The initial share sale received bids for 1,77,71,355 shares against 6,90,58,296 shares on offer, according to NSE data. The portion for Qualified Institutional Buyers (QIBs) fetched 39 per cent subscription while the category for Retail Individual Investors (RIIs) got subscribed 19 per cent. Non-institutional investors part received a 3 per cent subscription. Aegis Vopak Terminals has raised Rs 1,260 crore from anchor investors. The issue, with a price band of Rs 223 to Rs 235 per share, will conclude on May 28. The company is valued at around Rs 26,000 crore at the upper end of the price band. The IPO is entirely a fresh issue of equity shares worth Rs 2,800 crore with no offer-for-sale (OFS) component, according to the red herring prospectus (RHP). Proceeds worth Rs 2,016 crore will be used for payment of debt, Rs 671.

Vegetarian and non-vegetarian thalis became cheaper in April due to lower prices of onion, potato and broiler, although oil and LPG costs curtailed a deeper drop

Advent of US LPG will enhance India's security of supply

The price of commercial LPG used in hotels and restaurants was lowered by ₹14.50 per cylinder today