Page 2 - Hardeep Singh Puri

Govt may soon assess oil firms' ₹2 trillion under-recoveries: Hardeep Puri

Oil Minister Hardeep Singh Puri said state-run oil companies are facing mounting losses from frozen fuel prices amid rising crude oil costs and geopolitical tensions

India has ample fuel stocks, but OMC losses may hit ₹1 trillion: Puri

With two months of fuel stockpiles, India faces no supply concerns despite disruptions to global energy flows, Oil Minister Hardeep Singh Puri on Tuesday said, while warning that state-run fuel retailers face losses of as much as Rs 1 lakh crore in a single quarter if elevated crude prices persist and retail fuel prices remain unchanged. He said that at some stage an assessment needs to be made on how long retailers can sustain losses from selling petrol, diesel and cooking gas LPG below cost, but refused to speculate if rates would be raised anytime soon. "We have no supply-side problems," the minister said at CII's Annual Business Summit here, adding that India began the crisis with "more than enough" crude oil and LPG inventories and had since ramped up domestic LPG production to 54,000 tonnes per day from about 36,000 tonnes previously. At the same time, the minister acknowledged growing fiscal stress from keeping retail fuel prices unchanged. "My oil companies are losing Rs 1,

Oil Minister Puri rules out fuel shortage as LPG production raised sharply

Oil Minister Hardeep Singh Puri On Tuesday assured that there is no fuel supply issue and said the government has ramped up LPG production from 35,000-36,000 tonnes/day to 54,000 tonnes amid West Asia conflict. Speaking at the CII Annual Business Summit, Puri said there is no LPG supply issue and the country has 69 days of crude oil, LNG stock and 45 days of LPG stock. "LPG production has been ramped up from 35,000-36,000 tonnes/day to 54,000 tonnes amid West Asia conflict," he said. The Oil Minister said PM Narendra Modi's austerity appeal should be taken as a wake up call and urged to start thinking of "measures" to lessen fiscal strain from West Asia conflict. "PM Narendra Modi's austerity appeal is a wake up call to start thinking of measures to lessen fiscal strain from West Asia conflict," Puri said at the summit. Modi on Sunday called for judicious use of fuel, postponement of gold purchases and foreign travel, among other measures, to strengthen the economy. Addressing a

Govt assures adequate fuel stock amid PM Modi's energy conservation push

The government said India has adequate fuel supplies and stable prices despite rising global energy costs and mounting losses for oil marketing companies

Sergio Gor, Hardeep Puri discuss 'expanding access to American energy'

US envoy Sergio Gor and Hardeep Singh Puri discussed access to American energy and strengthening bilateral ties, a day after PM Narendra Modi's call with US President Donald Trump

Hardeep Puri heads to Qatar as LNG supplies disrupt amid US-Iran war

Oil minister visits Qatar after US-Iran ceasefire, as LNG disruptions from QatarEnergy raise concerns over India's energy supplies and gas allocation priorities

India's crude supply secure, LPG production increased: Hardeep Puri

Minister says India secured alternative energy supplies amid West Asia crisis

India 'well stocked' with crude oil to meet supply disruptions: Puri

India holds around 25 days of crude and petroleum products and may diversify crude sourcing as the Strait of Hormuz faces disruptions, Oil Minister Puri said

Petroleum reserves can sustain India for 74 days in crisis: Minister Puri

India's strategic petroleum reserve can last 74 days to meet the demand arising out of any global turbulence, Oil Minister Hardeep Singh Puri informed the Rajya Sabha on Monday. Replying to supplementaries during Question Hour, the minister said for any country like India, which is growing at a phenomenal pace, there must be a very viable and secure reserve, so that it is not in a vulnerable situation in the case of global turbulence. He said India has several refineries both in the West coast as well as the East. "According to the International Energy Agency (IEA), today we are the world's third largest consumer of crude oil. We have the world's fourth largest refining capacity - currently around 260 million metric tonne per annum going on to 320 million metric tonne per annum. And, we are also the world's fifth largest exporter of petroleum products. "The strategic petroleum reserve is designed to ensure that in case of total global turbulence, we must have enough stock left to

Indian refineries to be configured to meet rising petchem demand: Puri

The greenfield refineries being built in India have a stronger focus on petrochemical production

Govt issued over 1.1 million job letters since Rozgar Mela launch: Minister

Union Minister Hardeep Singh Puri on Saturday said that more than 11 lakh appointment letters have been issued nationwide since the launch of the Rozgar Mela, reinforcing the government's commitment to mission-mode recruitment. Puri highlighted India's strong development vision, advancement in global standing and expansion in manufacturing, exports, logistics, renewable energy and digital infrastructure. Emphasising the inclusive nature of growth, he said, "We are not just pursuing development, but development with social inclusion." Promoting the resolve of a developed India with the power of the youth, Prime Minister Narendra Modi addressed Rozgar Melas at 45 different locations across the country through a video message, during which more than 61,000 appointment letters were distributed to newly recruited youths, an official statement said here. As part of this initiative, the Transport Battalion, Indo-Tibetan Border Police Force, Behlana Camp, Chandigarh, organised the 18th ...

Viksit Bharat not just a target for 2047, but part of process: Puri

He urged the youth to draw strength from history to rebuild the nation and work toward creating a strong, great India based on its own values, rights, and beliefs

Ethanol-blended petrol environment-friendly, benefits farmers: Gadkari

Ethanol-blended petrol has greatly benefitted farmers and resulted in saving of over Rs 1.40 lakh crore of foreign exchange, Lok Sabha was informed on Thursday. Amid concerns over the use of ethanol-blended petrol, Union Minister of Road Transport and Highways Nitin Gadkari said after extensive testing, no adverse impact has been found in cars where ethanol mixed petrol is used. "Use of E-20 petrol (Ethanol Blended Petrol) is a healthy trend. It is a green transition. It is less polluted and also saves foreign exchange," he said in Lok Sabha during Question Hour. Gadkari said due to the mixing of ethanol in petrol, Rs 40,000 crore has been given to the farmers for the raw materials used -- sugarcane, maize etc. -- in ethanol. Petroleum Minister Hardeep Singh Puri said following the implementation of the ethanol blending programme, money which was earlier spent on crude oil imports is now going to farmers, who have become "Urjadaatas" apart from being "Annadatas". He said during th

LPG deal with US likely to shield India from geopolitical shocks

India's decision to import LPG from the US helps it to diversify sources as it reduces almost full reliance on West Asian countries for supply of the country's primary cooking fuel

India signs first LPG term deal with US to import 2.2 mt of cooking gas

Development comes at a time when negotiations for India-US BTA gather steam

India's maritime sector to create 15 mn jobs by 2047: Hardeep Singh Puri

The maritime sector is expected to attract Rs 8 trillion in investment and create around 1.5 crore jobs by 2047, said Hardeep Singh Puri, Minister of Petroleum and Natural Gas

New GST reforms could boost India's GDP by 0.8%, says Hardeep Puri

He said all sections, particularly lower middle class, economically weaker sections will benefit

Will 'assess' ethanol-blending plan before setting higher targets: Puri

Hardeep Singh Puri said India has met the 20 per cent ethanol blending target six years ahead of schedule but further increases will be reviewed amid concerns over vehicle efficiency

ONGC, BP to drill stratigraphic wells for India's energy security

State-owned ONGC has signed an agreement with global energy giant BP to collaborate on drilling multiple stratigraphic wells in India. This partnership will enhance geological understanding and unlock untapped hydrocarbon potential, strengthening India's long-term energy security, Oil and Natural Gas Corporation Limited (ONGC) said in a post on X. "#ONGC has signed a strategic Memorandum of Understanding (MoU) with @bp_plc on 17 July 2025, to collaborate on drilling stratigraphic wells in India's Category II & III offshore sedimentary basins: Andaman, Mahanadi, Saurashtra, and Bengal," the oil major said. The MoU was signed in the presence of Union Ministry of Petroleum and Natural Gas Hardeep Singh Puri on the sidelines of Urja Varta 2025 event in the national capital. Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas, said this was one of the initiatives that "we have been talking about sometime ... called stratigraphic wells." This is the first of the series of such

India has weeks of oil supply, imports continue via many routes: Puri

India, the world's third-largest oil importer and fourth-biggest gas buyer, has enough energy supplies to meet requirements for several weeks and continues to receive supplies from several routes, Oil Minister Hardeep Singh Puri said amid escalating tensions in the globe's biggest energy supply regions. In a post on X, the minister said the government has been "closely monitoring the evolving geopolitical situation in the Middle East since the past two weeks." "Under the leadership of PM @narendramodi Ji, we have diversified our supplies in the past few years and a large volume of our supplies do not come through the Strait of Hormuz now," he said. The Strait of Hormuz, which Iran is threatening to shut down following US strikes on its nuclear facilities, is an important transit for oil coming from the Middle East. About 2 million barrels per day (bpd) of crude oil out of India's total import of 5.5 million bpd transits through the narrow waterway. However, India has diversified ..