Shubhangi Mathur

Avg India oil prices hit 15-year high: Threaten OMC margins, strain Centre

The oil price surge is putting pressure on fuel retailers and government finances, raising concerns over inflation and a widening fiscal deficit

BPCL Q2 net profit falls 21.5% to ₹4,863 crore on weak marketing margins

BPCL's Q2 FY27 net profit fell 21.5% YoY to ₹4,863 crore as weak marketing margins weighed on earnings, even as revenue rose 30% and refinery throughput increased 6%

Oil India discovers natural gas in KG Basin's shallow offshore waters

The discovery at the Godavari-1 well in the Matsyapuri formation recorded natural gas flow of up to 2 lakh standard cubic metres per day during continuous testing

Jamnagar's unique refinery draws US attention to sell Venezuelan oil

Economic, strategic goals in region got a fillip, says US Secretary of State Marco Rubio

India's crude oil import bill rises 47% to $15.4 billion in September

India's crude oil import bill surged 47% in September as the Indian basket price averaged $116.09 a barrel, while import volumes rose just 7% to 21.7 million tonnes

Diesel exports offer Indian refiners gains amid rising crude import bill

Indian refiners are increasing diesel exports as the West Asia conflict and restrictions by Russia and China tighten supplies, although higher crude import costs and export duties could limit gains

Biodiesel enters fuel mix as govt OMCs face growing margin squeeze

With retail diesel prices frozen, state-run oil firms are blending up to 5% biodiesel at select outlets as crude costs rise and marketing margins come under pressure

ONGC weighs standalone, joint venture models for new greenfield refinery

The state-run oil major is evaluating standalone, subsidiary and foreign partnership models for its proposed refinery, with capacity, investment and location yet to be finalised

IGX receives regulator's approval for LNG capacity booking platform

The platform will allow LNG terminal operators to list unused regasification capacity and enable buyers to book available slots, improving transparency and infrastructure utilisation

PNGRB proposes up to 5% hydrogen blending in domestic piped natural gas

The regulator's draft guidelines cap hydrogen blending in domestic piped natural gas at 5 per cent, with strict requirements for safety, gas quality, billing and consumer protection

Oilmax-Eleven consortium wins Kutch offshore oil & gas block in DSF round

Oilmax Energy and Eleven will each hold a 50 per cent participating interest in the Kutch offshore block as India seeks to boost domestic oil and gas production and cut import dependence

Technip Energies wins EPC contract for HPCL's Mumbai refinery modernisation

The contract covers new hydrocracker and solvent deasphalting units at HPCL's Mumbai refinery, aimed at boosting lube oil base stock output and upgrading heavier petroleum streams.

No fuel supply restrictions imposed across retail network: Nayara Energy

The company said it was ensuring fuel availability across its network after Petroleum Secretary Neeraj Mittal said private retailers would be told to stop capping sales.

Nobody is allowed to put cap on sales: Oil Secretary Neeraj Mittal

'Phase of anxiety' not over for India, but consumers remain insulated from energy price shock: Puri

India's petrol, diesel demand grows in September; LPG consumption falls

Petrol sales rose 7.21 per cent and diesel sales 4.86 per cent in September, while LPG consumption fell 9.15 per cent amid import dependence and West Asia supply disruptions

Commercial LPG price up ₹62.50, ATF rises ₹16/litre from October 1

Domestic LPG prices remain unchanged, while the government has cut windfall taxes on diesel and ATF exports for the fortnight ending October 15

ONGC's KG basin struggles to live up to deepwater production promise

Oil output from flagship KG-DWN-98/2 has slipped to around 20,000 bpd against a 45,000-bpd peak target, with complex reservoir geology posing a challenge to sustaining production

Russia remains India's top crude supplier in September amid supply squeeze

Russia supplied 1.74 million barrels per day of crude to India in September through September 27, as constrained West Asian supplies limited alternatives for refiners

West Asia troubles may exacerbate: Oil minister Hardeep Singh Puri

Oil Minister Hardeep Singh Puri said India has navigated the crisis so far, but closure of key chokepoints could create supply challenges if the conflict escalates

High crude leaves OMCs losing ₹530 crore a day on fuel sales: Icra

Underrecoveries reach Rs 8/litre on petrol and Rs 9/litre on diesel in September