Page 7 - Shubhangi Mathur

Petronet LNG plans to build 7 LNG storage tanks amid supply disruptions

The move comes as India faces critical challenges in meeting the country's energy requirements amid the West Asia crisis, highlighting high energy import dependency and lack of storage infrastructure

West Asia conflict: Govt looks to tap deepwater oil amid Hormuz squeeze

Focus likely to be on collecting seismic data in unexplored blocks

19-kg commercial LPG cylinder price raised by ₹993; steepest increase

OMCs raise commercial LPG prices sharply amid rising crude costs, while domestic LPG and petrol-diesel rates remain unchanged; ATF for international flights also revised

Govt cuts export duty on diesel, ATF; retail petrol prices unchanged

The export duty has been introduced to ensure domestic availability of petroleum products amid the West Asia crisis

Venezuela, Brazil among India's top 5 crude oil suppliers in April

Supply disruptions in West Asia and Strait of Hormuz closure prompt India to recalibrate sourcing, with Venezuela and Brazil replacing Iraq and the US in April

India's oil trade deficit rises despite softer crude prices: Crisil

Rating agency flags divergence between global and domestic oil demand trends as imports outpace exports, putting pressure on India's overall trade balance

OMCs may face LPG under-recovery of around ₹80,000 crore in FY27: Icra

State-run oil firms may face steep LPG under-recoveries in FY27 due to high global prices and supply disruptions, with broader cost pressures seen across energy-linked sectors

UAE to walk out of Opec, Opec+; India may gain from supply shifts

The UAE, with capacity of around 4.8 million barrels per day, has long been one of the most influential and compliant members of Opec+, and is currently the fourth-largest producer in the alliance

No plan to raise petrol, diesel prices after polls, govt assures supply

Centre says petrol, diesel supplies remain adequate and outlines measures to manage natural gas allocation amid West Asia crisis disruptions

West Asia crisis: India expects FY27 fertiliser subsidy bill to rise 20%

The jump in subsidies is expected as the country plans to import 6.4 million tonnes of urea and 1.9 million tonnes of other fertilisers this kharif season at high prices

West Asia conflict: India leans on US for LPG amid Gulf supply crunch

Highest LPG volumes sourced from US, as imports from key West Asian suppliers decline

West Asia crisis: 527,000 PNG connections gasified since March, says govt

More than 42,000 PNG consumers have surrendered their liquefied petroleum gas (LPG) connections till April 23

IEA reduces outlook for global LNG supply growth amid Iran-US war

International Energy Agency flags LNG supply hit from US-Iran conflict, delaying global supply growth by up to two years

Govt dismisses reports on possible petrol, diesel price hike as 'fake news'

Centre says no proposal to raise petrol and diesel prices despite rising crude, calls reports misleading and aimed at creating panic among consumers

Indian seafarers safe after Iran firing in the Strait of Hormuz: Govt

Government confirms safety of 22 Indian seafarers after Iranian forces fired on foreign vessels in the Strait of Hormuz; Indian tanker Desh Garima reaches Mumbai

Govt working on flex-fuel vehicle policy amid push for alternate fuels

Policy discussions on flex-fuel vehicles gather pace as supply disruptions from West Asia underscore the need to expand ethanol blending and reduce fuel import dependence

ONGC: Tender to hire jack-up rigs cancelled due to steep surge in price

ONGC has cancelled four tenders to hire 15 jack-up rigs since 2014, according to a report

Govt permits blending of synthetic hydrocarbons with aviation turbine fuel

India has expanded ATF norms to allow blending with synthetic hydrocarbons, supporting alternate fuels and reducing reliance on crude imports amid energy concerns

India's crude oil import bill fell 5% in March amid West Asia conflict

Natural gas consumption up 7% as government promotes usage

10 Indian vessels have transited via Hormuz since conflict began: Govt

Government prioritises LPG tanker movement through Strait of Hormuz even as cooking gas shortage persists and regional tensions disrupt supply chains