The government has restricted industrial, commercial and institutional users from buying petrol and diesel from petrol pumps and instead asked them to source their requirements from bulk sale points, according to an official order. The restrictions, which will be in place for up to 90 days, follows abnormal demand growth, particularly that of diesel, in some pockets after bulk users started buying fuel from petrol pumps due to the pricing difference. While diesel at petrol pumps costs Rs 95.20 a litre in Delhi, bulk sales are priced at Rs 134.50. The differential arose as state-owned oil companies modulated retail prices to insulate common users from the spike in cost that followed the West Asia crisis in late February. While bulk users such as telecom towers and industries using diesel for power generation and other feedstock needs are charged market price, the retail pump rates are way lower than cost. The Ministry of Petroleum and Natural Gas on June 11 issued the Motor Spirit an
India is likely to bring a mandate on blending isobutanol with diesel as early as this year to improve energy security in the country and decarbonise the road and highways sector, Ministry of Roads, Transport and Highways (MoRTH) Secretary V Umashankar said on Friday. Addressing the 'CII Multimodal Transportation and Logistics Summit', Umashankar further said that the highways ministry may bring a draft notification on truck-trailers interchangeability soon to build an ecosystem that needs battery-swapping and battery charging for electric heavy duty commercial vehicles. "Blending of diesel has been looked into with great seriousness. Bharat Petroleum is already undertaking strategic research for isobutanol blending with diesel. And the results are very encouraging. "It is quite likely that the blending mandate will start coming in somewhere later this year," he said. Umashankar said since diesel consumption is almost two times that of petrol, the impact on blending in terms of die
The consumer affairs ministry has amended legal metrology rules to allow government-approved testing centres to verify hydrogen, LPG, LNG and CNG fuel dispensers, expanding the country's measurement oversight framework as cleaner fuel adoption grows. The Ministry of Consumer Affairs, Food and Public Distribution amended the Legal Metrology (Government Approved Test Centre) Rules, 2013, bringing the total number of instrument categories verifiable through Government Approved Test Centres (GATCs) to 23 from 18. Verification fees for petrol and diesel dispensers have been set at Rs 5,000 per nozzle, while CNG, LPG, LNG and hydrogen dispensers will attract a higher fee of Rs 10,000 per nozzle. "The move is expected to enhance the availability of verification services, improve efficiency and support the growing adoption of cleaner fuels across the country," the ministry said in a statement. GATCs are approved private facilities with the technical expertise to carry out verification and
The government said panic buying and bulk diesel consumers shifting to retail outlets triggered temporary fuel shortages at some petrol pumps
Odisha plans dedicated fuel outlets for buses and trucks after transport operators warned of disruptions amid diesel shortages and panic buying across the state
Petrol and diesel prices have been increased by ₹3 per litre, while CNG rates have also gone up by ₹2 per kg in Delhi and Mumbai.
The oil marketing companies have raised the prices of non-branded petrol and diesel at fuel retail outlets across the nation by an average of Rs 3 per litre.
Rajesh Bhosale, technical analyst at Angel One highlights that BPCL and IOC have consistently faced resistance around their respective 50-day EMAs on the charts in recent past.
Petrol pump dealers in Rajasthan have alleged that oil marketing companies have reduced fuel supplies to retail outlets and imposed informal limits on sale of petrol and diesel to consumers. They warned that the move could lead to law and order problems at fuel stations. In a representation submitted to oil companies on Thursday, Rajasthan Petroleum Dealers Association said dealers were being informed through mobile messages and verbal instructions to restrict fuel sales to individual consumers. According to the association general secretary Shashank Korani, Indian Oil Corporation Ltd (IOCL) allegedly directed dealers to limit diesel sales up to Rs 50,000 and petrol sales up to Rs 5,000 per consumer, while Bharat Petroleum Corporation Ltd (BPCL) allegedly capped sales at 49 litres of petrol and 200 litres of diesel. Similar restrictions were allegedly communicated by Hindustan Petroleum Corporation Ltd (HPCL), it said. The association alleged that fuel supply to pumps was being ...
There is no change in excise duty on petrol and diesel meant for domestic consumption
Asia typically sources most of its diesel from plants within the region, which in turn rely on flows of crude from West Asia for a substantial share of their input
The Finance Ministry effected the hike through five notifications by raising the Special Additional Excise Duty on diesel to ₹24 per litre and adjusting the Road and Infrastructure Cess
As per the notification, export duty on diesel has been raised to ₹55.5 per litre from ₹21.5 per litre, while duty on ATF has been increased to ₹42 per litre from ₹29.5 per litre
Bangladesh Foreign Minister Khalilur Rahman meets External Affairs Minister S Jaishankar, Petroleum Minister Hardeep Singh Puri and National Security Advisor Ajit Doval
Share price of Reliance Industries hit an over 10-month low at ₹1,300.20 in Monday's intra-day trade and has corrected by 19% from its 52-week high of ₹1,611.80 touched on January 5, 2026.
The inputs were shared by the Ministry of External Affairs Spokesperson Randhir Jaiwal during a weekly presser
The surge in exports could boost spot sale margins for Indian refiners who have purchased large volumes of prompt Russian crude to replace West Asia supply disrupted by the war
China, a major Asian fuel exporter, halted overseas oil product sales, forcing refiners to cancel or renegotiate shipments to prioritise domestic supply
Move to cost exchequer ₹1.3 trn in FY27; export duty reimposed
The move comes against the backdrop of a global energy crisis triggered by the US-Israel conflict with Iran and Tehran's blockade of the Strait of Hormuz