Page 2 - Shubhangi Mathur

Russian oil imports may hit record high in June on discounts, supply curbs

Until June 20, Russia contributed to nearly 50 per cent of India's total crude oil imports in the month, showed data from maritime intelligence firm Kpler

Upstream oil PSUs may see greater focus on exploration in evaluations

The oil ministry is considering increasing the weightage of exploration activities in the performance assessment of upstream oil PSUs to boost domestic hydrocarbon discoveries

Crude oil import bill surged 81.5% in May on elevated energy prices

India's crude oil import bill rose sharply in May as higher global energy prices outweighed stable import volumes amid supply disruptions linked to the West Asia crisis

Iranian oil may return to India as US-Iran peace boosts Chabahar project

The proposed US-Iran agreement could revive India's crude imports from Iran, improve energy security and provide renewed momentum to the strategically important Chabahar Port

Higher oil and gas costs may dent GDP growth, squeeze margins: Crisil

Ratings agency says higher oil and gas costs could moderate growth, squeeze margins and push GDP expansion lower in FY27

CEEW flags risks to India's energy security from import exposure

The think tank recommends diversifying crude and LNG suppliers, expanding strategic reserves and modernising refineries to reduce vulnerabilities to supply shocks

Strait of Hormuz traffic recovery may be slow, say industry experts

The US-Iran agreement has eased oil market fears, but experts warn it could take months for Strait of Hormuz shipping to fully normalise

Centre raises export duty on diesel, ATF amid West Asia supply concerns

The government has increased export duties on diesel and aviation turbine fuel to discourage exports and ensure adequate domestic supplies amid the ongoing West Asia conflict

US, Iran sign peace MoU to end 108-day war; Hormuz hopes set sail

Energy supplies via the Strait to resume slowly after formal deal on Friday

Oil marketing companies' underrecovery on petrol halves to ₹3 a litre

Fuel retailers see losses ease on petrol and diesel sales after Brent crude declines following US-Iran peace agreement

Back to the cradle of India's oil industry amid Northeast energy push

A tripartite pact - amid the promise of removing Afspa from almost all of the Northeast - revives hydrocarbon exploration along the Assam-Nagaland border after decades of dormancy

Govt bars bulk fuel purchases at retail outlets, caps diesel sales

The government has restricted industrial and commercial consumers from buying fuel at retail outlets and capped diesel sales to curb arbitrage and protect retail supplies

Centre exempts higher ethanol petrol from excise, rollout subject to tests

The government has extended excise-duty exemption to petrol blended with 22-30 per cent ethanol but said adoption of higher blends will follow extensive testing and stakeholder consultations

Govt restores royalty rate on crude oil from nomination blocks to 16.66%

Royalty on crude produced from onland nomination and pre-NELP blocks will again be calculated on a cum-royalty basis, reversing a key May 8 reform

OMC underrecoveries for diesel at ₹30 per litre, petrol at ₹6 per litre

State-run oil firms continue to face financial pressure from subsidised LPG sales, even as recent fuel price hikes have sharply reduced under-recoveries on petrol and diesel

Kumar Shanker takes charge as managing director of Indraprastha Gas

Former Maharashtra Natural Gas chief succeeds Kamal Kishore Chatiwal and brings more than three decades of experience across the oil and gas value chain

Household PNG needs to be cheaper to accelerate adoption: Former IGL chief

IGL's former Managing Director Kamal Kishore Chatiwal says a larger cost advantage over LPG and lower APM gas prices could accelerate household PNG adoption as India seeks to reduce import dependence

India raises Russian crude oil and US gas imports in May, shows data

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

Govt directs oil marketing companies to build 30-day LPG storage capacity

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

Reliance Industries flags 'extreme volatility' risks from West Asia crisis

Near-term retail demand may stay sensitive to macro conditions