Shubhangi Mathur

Hike in pump prices unlikely for now even as Brent tests $120 per barrel

Oil prices spike past $100 amid Iran war and supply cuts, raising fears of a sharply higher import bill, inflation and current account deficit for India

West Asia war: Refiners asked to maximise LPG output for local consumption

Facing supply risks from the West Asia conflict, the government has ordered all refiners to channel full C3-C4 streams into LPG production to ensure adequate supply for households

US waiver unlocks Lukoil, Rosneft crude oil for India amid West Asia crisis

Alternative routes for LPG, LNG supplies being explored, say officials

West Asia crisis: India bulks up Russia oil; US allows 30-day waiver

Now at a premium, Russian crude imports surge after start of war in West Asia

Govt orders refiners to boost LPG output as Hormuz disruption worsens

Government directs refiners to maximise LPG production and supply extra volumes only to state-run OMCs for domestic use, as Hormuz closure tightens India's already import-heavy LPG supply

Indian gas firms may cut industrial supply if Qatar halt persists

QatarEnergy has halted production of liquefied natural gas (LNG) amid attacks on its facilities as tensions rise in West Asia

Petronet LNG issues force majeure after QatarEnergy halts production

Petronet LNG issued force majeure to QatarEnergy and its off-takers after LNG production was halted amid the West Asia crisis, saying the impact cannot be estimated at this point

India 'well stocked' with crude oil to meet supply disruptions: Puri

India holds around 25 days of crude and petroleum products and may diversify crude sourcing as the Strait of Hormuz faces disruptions, Oil Minister Puri said

Amid Hormuz closure, Indian refiners look at other crude oil sources

Indian refiners are diversifying crude sourcing to bypass the Strait of Hormuz and tapping inventories as the West Asia crisis disrupts key routes that handle over half of India's oil and gas imports

India faces oil shock as Iran war intensifies and supply risks grow

US and Israeli strikes that killed Ayatollah Ali Khamenei have deepened open conflict with Iran and rattled West Asia, disrupting sea routes via Strait of Hormuz, fuelling oil price spike

Russia remains India's top crude oil supplier despite Trump pressure

India's crude oil purchases from Russia remain strong at 1.1 million barrels per day (bpd) in February, showed data from maritime intelligence firm Kpler

MOL in talks with Indian OMCs for joint ownership of oil carrier vessels

Mitsui O.S.K. Lines is holding talks with Indian OMCs for joint ownership of oil carriers as it plans to expand its India-flagged fleet by 60-70% amid rising focus on domestic shipbuilding

Shell projects India's gas demand rising over 50% in the next decade

Shell expects demand to continue accelerating, with India's energy consumption projected to surpass that of the US in the 2040s and China in the 2060s

Govt mandates sale of petrol with up to 20% ethanol blending from April 1

Ethanol blending programme was introduced to reduce reliance on fossil fuels and cut energy imports

Govt to raise ₹16.3K cr by monetising oil and gas assets in next four years

The Centre plans to monetise DSFs, storage assets, GAIL Gas equity and dark fibre leases to raise Rs 16,300 crore by FY30 as part of NMP 2.0, targeting both midstream and upstream segments

India's oil PSUs spent 81% of FY26 capital expenditure target until January

Of the ₹1.32 trn capex target for FY26, state-run oil firms have already spent ₹1.07 trn in the first 10 months

India's crude oil import bill drops 19% in January on softer global prices

India's crude oil import bill fell sharply in January as the Indian basket price averaged $63.08/bbl - $17 lower than last year - easing the country's overall energy burden

BPCL unfazed by geopolitics, to buy crude on techno-commercial merit: CMD

BPCL will source crude purely on techno-commercial merit amid geopolitical flux, with talks on Saudi investment in its Andhra refinery, says CMD Sanjay Khanna

Reliance Industries gets US licence to directly buy Venezuela crude oil

India's largest private refiner gets US general licence to purchase Venezuelan crude directly, potentially diversifying its crude slate and resuming imports after previous sanctions eased

US LNG imports hinge on pricing: Petronet LNG CEO Akshay Kumar Singh

Petronet LNG chief says any additional US LNG imports will hinge on pricing; Q3 consolidated net profit declines 2.4% to Rs 845.50 crore