The government on Saturday urged citizens to avoid panic buying of petrol, diesel and LPG, saying fuel supplies remain adequate despite disruptions linked to the closure of the Strait of Hormuz. The Ministry of Petroleum and Natural Gas said the government is taking proactive steps to ensure the uninterrupted availability of petroleum products and cooking gas, while advising people to rely only on official information and conserve energy. The government has prioritised domestic LPG and piped natural gas (PNG) supplies, particularly for households, hospitals and essential services, and has implemented measures to boost refinery output and manage demand, including extending LPG refill intervals. Authorities have also stepped up enforcement against hoarding and black marketing, conducting more than 3,700 raids and issuing around 1,000 show-cause notices to LPG distributors, with 27 dealerships suspended so far. Despite supply pressures from the geopolitical situation, there are no ...
Hormuz tensions strain India's fuel supply despite efficiency gains
The strict enforcement of certain provisions amid supply disruptions from the West Asia war may impact companies, the regulator said
IMF, IEA and World Bank form coordination group to assess and manage energy and economic fallout of West Asia crisis, focusing on supply disruptions and global stability
Defence Minister Rajnath Singh on Thursday said that there is "no dearth of fuel or gas in the country" and India was ready to deal with any energy crisis resulting out of the West Asia conflict. Singh, speaking at a Sainik Samman Sammelan in poll-bound Kerala, said that Indian Navy ships were safely escorting the country's tankers through the Strait of Hormuz. The defence minister further said that Prime Minister Narendra Modi was using his diplomatic skills to protect Indian interests in the Gulf region. "We are closely monitoring the state of affairs in West Asia and are prepared to deal with any situation," he said. Singh, during his speech, urged everyone to choose the BJP in the assembly polls as it was the correct political party to bring changes to the state, as it came with "Modiyude guarantees" (Modi's guarantees). "His leadership is like 24-carat gold -- it is tried and tested," he contended. The elections to the Kerala Assembly, which has 140 seats, will be held on Ap
The war could result in huge geoeconomic shifts. The big immediate winner is Russia, benefitting from higher oil prices and the removal of sanctions
Crude oil imports alone in 2025-26 are around 225 Mt. At $120 per barrel, the annual import bill for crude oil will be around $160 billion, compared with $80 billion at a crude price of $60 per barrel
Coal demand in India is rising as the West Asia crisis disrupts gas supplies, prompting higher auctions by Coal India and pushing industries to reconsider fuel choices amid tightening energy markets
As West Asia tensions strain energy supplies, industry backs bio-isobutanol blending in diesel to boost energy security without affecting mileage, using existing distilleries with minimal investment
Government launches OALP-XI offering 21 blocks across 80,228 sq km to fast-track exploration and strengthen energy security amid rising import dependence
Outstanding credit to renewable energy sector nearly doubles in 2025, reflecting stronger banking support for energy transition and infrastructure expansion
The Ministry said that the measures would enable the ad-hoc distribution of kerosene to households for cooking and lighting in 21 states and federal territories
Prime Minister Narendra Modi on Friday said the global situation arising out of the West Asia conflict remains dynamic, and asserted that maintaining economic and trade stability, ensuring energy security, strengthening industry and supply chains, and safeguarding citizens' interests remain the government's top priorities. Chairing a meeting of chief ministers virtually, Modi said the situation necessitates continuous monitoring and adaptive strategies, as he called for constant communication and coordination between the Centre and the states, along with timely sharing of information and joint decision-making, so that the responses are swift and well-aligned. Urging the chief ministers to ensure the smooth functioning of supply chains and to take strict measures against hoarding and profiteering, Modi cautioned against the spread of misinformation and rumours, asserting that timely dissemination of accurate and credible information is essential to prevent panic. Referring to the ...
The demand for LPG cylinders had risen to 89 lakh due to panic ordering by consumers and has now come down to 50 lakh cylinders again
India is better prepared to meet a record 270 Gw peak power demand this summer, supported by strong coal stocks and renewables, though geopolitical tensions and grid constraints pose risks
ONGC plans to spend $18-20 billion to hire deepwater rigs in its largest exploration push, seeking drillships and semi-submersibles for up to five years to boost production
Power Grid's strong capex pipeline and improved execution support growth outlook, but elevated valuations temper upside for the regulated utility
India is better prepared to meet a record 270 Gw peak power demand this summer, supported by strong coal stocks and renewables, though geopolitical tensions and grid constraints pose risks
Petronet LNG (PLNG) gets 8.5 mmtpa of LNG from Qatar (50 per cent of its volume) and PLNG has issued a press release in response to QatarEnergy's notice of force majeure
This new phase of the war began Wednesday, when Iran carried out a retaliatory missile strike on Ras Laffan, Qatar's vast energy complex