Page 4 - Shubhangi Mathur

Fuel sales jumped in June despite price hikes, shows PPAC data

Petrol and diesel consumption rose despite higher fuel prices, while ATF demand edged lower and LPG sales declined amid supply disruptions from West Asia

Russian crude oil imports reach record high in June as discounts widen

Russian crude imports rose to a record 2.58 million barrels a day in June as discounts widened and refiners diversified sourcing amid supply constraints from West Asia

BPCL signs pact to acquire full control of Brazilian upstream oil venture

The state-run oil marketer will acquire Videocon Energy Brazil's stake in IBV Brazil Petroleo, making the upstream company a wholly owned subsidiary of its overseas arm

40-day oil buffer plan enters action phase with five new SPR projects

The West Asia crisis has intensified concerns over India's ability to withstand global oil supply disruptions

Govt to lift curbs on petrol, diesel sales to commercial buyers from July 1

On June 12, the government had prohibited industrial and commercial consumers from purchasing petrol and diesel from retail outlets, directing them to source fuel from designated consumer pumps

MGL urges residents in gasified societies to apply for PNG connections

Mahanagar Gas says LPG supplies to housing societies with operational PNG infrastructure will stop after 90 days, urging residents to apply for piped gas connections

Govt relaxes LPG distribution curbs for industrial users as Hormuz reopens

The Centre has restored non-domestic LPG supplies to pre-conflict levels and partially resumed bulk LPG allocations as energy supplies improve following the reopening of the Strait of Hormuz

India must diversify energy routes, not just suppliers: S&P Global Energy

India's energy security depends on diversifying both suppliers and transport routes as West Asia tensions expose risks linked to the Strait of Hormuz

Govt dismisses claims on ethanol-blended petrol as misleading, baseless

Petroleum ministry says social media posts on ethanol-blended fuel are misleading and reiterates that higher blending levels follow stringent testing and evaluation

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