Page 3 - Shubhangi Mathur

Higher-grade fuel gets costlier amid spike in oil prices; OMCs hike rates

Benchmark Brent prices slipped to around $105 per barrel on Friday, from the highs of $119 a day earlier

IEA suggests work from home, avoid air travel amid rising energy costs

Agency outlines measures such as remote work, reduced travel and public transport use to ease demand as oil prices surge amid West Asia conflict

Oil surges to $108 per barrel amid West Asia war; India denounces strikes

To secure supplies, 13 tankers carrying around 3.5 lakh tonnes of LPG are currently headed from the US to India

Centre offers extra 10% commercial LPG to states committing to PNG shift

At least 8 oil tankers, including 7 with Russian crude, diverted mid-voyage from China to India

Petrol dealers may face cash crunch as OMCs seek advance payments

Dealers warn of reduced fuel orders as refiners end credit supply amid losses on petrol and diesel sales with retail prices unchanged

Asian spot LNG prices likely to rise 40 % in 2026, says Rystad Energy

Asian LNG spot prices may rise to $14/mmbtu in 2026 amid West Asia conflict, with Strait of Hormuz disruptions curbing supply and keeping shipping traffic constrained

LPG shortage in Delhi-NCR leaves consumers scrambling for refills

Long queues and limited stock show a system not firing on all cylinders

LPG supplies remain a concern for India amid West Asia crisis: Govt

An LPG vessel Nanda Devi arrived at Kandla port early Tuesday, safely crossing the Strait of Hormuz, offering some relief amid ongoing supply concerns

CGD firms offer incentives for domestic PNG connections amid LPG shortage

IGL and GAIL Gas offer free gas worth ₹500, while other CGD firms waive charges to encourage domestic PNG adoption as LPG supplies tighten due to the West Asia crisis

Govt says exports moving smoothly; 2,600 containers shipped to West Asia

Government says exports to West Asia continue smoothly amid crisis as LPG tanker reaches Mundra and two more vessels carrying crude oil and LPG are set to arrive

India stares at steep rise in oil import bill amid West Asia conflict

India's net oil import bill could rise by $56-64 billion annually assuming global crude averages $110-115 per barrel in FY27

Govt prohibits PNG users to hold LPG cylinders amid supply shortage

India is facing tightening of LPG supplies as nearly 90 per cent of the country's LPG imports originate from the West Asia

West Asia conflict: US expands India-like waiver on Russian crude oil

India was also granted a similar 30-day waiver on March 5 for purchase of Russian oil

India dials Iran for safe transit of its vessels through Strait of Hormuz

Government engages Tehran to ensure safe transit for Indian-flagged vessels amid West Asia conflict as concerns mount over oil, gas and fertiliser supplies

RIL to invest in US' first major refinery in 50 years, says Trump

US President Donald Trump announces a Reliance-backed refinery project in Texas under a $300 billion deal, months after India and the US signed a major bilateral trade pact

Don't panic, fuel cargoes on the way, says govt as supplies tighten

India will soon receive two cargoes each of crude oil and LNG via routes bypassing the Strait of Hormuz as refiners boost LPG production to ease supply pressures

India secures additional LPG, LNG supplies from non-Hormuz routes

Indian refiners report 10 per cent increase in LPG production since government order

RIL to maximise LPG output, divert KG-D6 gas to priority sectors

Reliance Industries says it will maximise LPG output at its Jamnagar refinery complex and divert KG-D6 basin gas to priority sectors to support stable domestic fuel supplies

India faces LNG, LPG supply crunch after 10 days of West Asia war

Government prioritises LPG and LNG supply for domestic use as West Asia conflict disrupts shipments; India also secures alternative supplies that bypass the Strait of Hormuz

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