Page 3 - Shubhangi Mathur

Govt raps industrial users buying cheaper retail fuel amid crisis

The Centre has flagged rising diversion of discounted retail fuel by industrial users even as public-sector oil firms absorb heavy losses to shield consumers

ONGC says gas to drive revenue growth; ₹33,000 crore projects underway

New well gas constituted 17 per cent of production and 21 per cent of revenue in FY26 from ONGC nomination gas portfolio

Govt warns industrial consumers against shifting to retail fuel outlets

State-run OMCs are currently absorbing losses of around Rs 550 crore per day on sale of petrol, diesel and domestic LPG

West Asia war: CNG prices rise by ₹2 a kg in Delhi, fourth hike in 2 weeks

MGL discontinues subsidies for commercial users

Petrol, diesel prices raised for fourth time in less than two weeks

Fuel prices were raised by ₹2.61-2.71 per litre as oil marketing companies continue to face mounting losses amid elevated global crude oil prices

Third retail fuel price hike in 10 days; losses of OMCs narrow further

Oil marketing companies have raised fuel prices again amid elevated crude prices, while under-recoveries narrow as West Asia tensions keep energy costs high

Extended West Asia tensions may hurt Indian Oil's liquidity, says S&P

S&P said Indian Oil may receive extraordinary support from the Indian government if the company comes under financial stress

West Asia war: Panic buying led to fuel crunch at some pumps, says govt

The government said panic buying and bulk diesel consumers shifting to retail outlets triggered temporary fuel shortages at some petrol pumps

Oil India exploring overseas asset acquisition, says CMD Ranjit Rath

The state-run upstream company is exploring overseas assets across multiple geographies while expanding domestic exploration and deepwater partnerships

BPCL plans ₹25,000 crore capex for FY27, calls fuel price hike respite

State-run oil major says recent increase in retail fuel prices has eased pressure amid soaring crude prices and mounting under-recoveries

OMCs raise petrol, diesel price by 90 paise per litre, 2nd hike in a week

Petrol now costs ₹98.64 a litre in the national capital, from earlier ₹97.77 a litre and diesel is priced higher at ₹91.58 per litre

West Asia crisis: Russian oil waiver extension a huge relief, say experts

he US has extended sanctions waiver on Russian oil purchases till June 17, easing pressure on Indian refiners reliant on discounted crude imports

IGL Q4 net profit falls 25% to ₹338.75 crore amid West Asia crisis

IGL's revenue from operations rose 5.6% YoY in the quarter to ₹4,584.58 crore

West Asia crisis: India to buy Russian oil despite US waiver lapse

India will continue purchasing Russian crude oil despite the expiry of the US waiver, while fuel retailers' under-recoveries have narrowed after the recent price hike

OMCs hike petrol, diesel prices by Rs 3 per litre amid mounting losses

Petrol now costs ₹97.77 per litre in Delhi, up from ₹94.77 a litre earlier, while diesel prices have been raised to ₹90.67 per litre

India's Russian oil supply likely to be hit if US waiver not extended

Under the latest US waiver, countries have been allowed to purchase Russian crude oil and petroleum products until May 16 that were loaded onto vessels on or before April 17

India to invest over $20 bn in offshore energy mapping: Hardeep Singh Puri

The state-run upstream companies have invested over $0.5 billion in seismic data acquisition in the last eight years

Indian-flagged vessel sinks off Oman coast after attack; crew members safe

India termed the attack on its vessel in the Gulf of Oman "unacceptable" after the ship caught fire and sank, while all 14 crew members were rescued safely

Oil India Q4 results: Profit jumps 62% to ₹2,424 crore, revenue rises 4%

State-run upstream company reports higher crude oil production, record drilling activity and improved profitability during FY26

IEA warns oil market deficit may persist through 2026 amid Gulf conflict

International Energy Agency says Gulf conflict and restrictions through the Strait of Hormuz have triggered unprecedented oil supply losses and tightened global markets