Latest Updates on LPG Crisis

Best of BS Opinion: Hope is not a strategy, capacity is

From geopolitics and women's empowerment to manufacturing, the rupee and technology, lasting progress depends less on hope and more on building capacity

Indian households pay among lowest cooking gas prices globally: Govt

The government said India was among few countries able to maintain uninterrupted energy shipments through Hormuz during the crisis, ensuring there was no shortage of LPG or other petroleum products

Commercial LPG prices raised by ₹42; ATF prices for int'l airlines cut 27%

Prices of 5 kg FTL (Free Trade LPG) cylinders have been increased by ₹11, and will cost ₹821.50 in Delhi

Govt directs oil marketing companies to build 30-day LPG storage capacity

The government has asked state-run oil marketing companies to maintain at least 30 days of LPG reserves as supplies from West Asia remain constrained

US seeks to boost energy exports to India as Iran war disrupts supplies

India is struggling with an energy crisis caused by the nearly three-month-long war against Iran that the US and Israel launched in late February

Could water-based fuel tech be answer to India's ₹1.7 trn energy crisis?

As India battles soaring energy import costs and a weakening rupee amid global oil turmoil, a Monaco-based fuel technology company says it may have found an answer hiding in plain sight: water. FOWE Eco Solutions, through its patented Cavitech fuel emulsion technology, claims industries can slash fuel consumption by up to 10 per cent, reduce harmful emissions dramatically, and improve equipment performance - all without modifying engines or shutting plants down. The pitch comes at a critical time for India. The country imports nearly 88 per cent of its crude oil needs, while state-run oil firms are reportedly bleeding Rs 1,000 crore a day to shield consumers from global price shocks. Prime Minister Narendra Modi has also publicly urged industries to conserve fuel as a national economic priority. Now, FOWE says its technology can do exactly that. At the heart of the system is a fuel-oil-water emulsion created using Controlled Cavitation Technology (CCT), which disperses microscopic

Modi's UAE visit secures $5 bn investments, key energy and defence pacts

India and the UAE signed multiple agreements on energy, defence, shipbuilding and AI cooperation, alongside investment commitments worth $5 billion

Indian-flagged vessel sinks off Oman coast after attack; crew members safe

India termed the attack on its vessel in the Gulf of Oman "unacceptable" after the ship caught fire and sank, while all 14 crew members were rescued safely

Two India bound LPG tankers transit Strait of Hormuz amid energy crisis

One of the LPG carriers, Symi, emerged in the Gulf of Oman on Thursday after turning off its transponder, with the other - NV Sunshine, went dark just after making it through the strait

India has 60 days of crude, LNG, 45 days of LPG, no supply issues: Puri

Speaking at the CII Annual Summit, Union Minister Hardeep Singh Puri said India's oil companies are losing ₹1,000 crore every day and the under recovery is going to be ₹1,98,000 crore

West Asia conflict: Govt may rework strategic oil and gas reserves

Amid the West Asia crisis, the government is considering expanding India's crude oil, gas and LPG reserves to strengthen long-term energy security

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

₹1 trn in 10 weeks: Cost of insulating India from global energy shock

About Rs 1,600-1,700 crore per day, over Rs 1 lakh crore in 10 weeks. That's the cost that state-owned oil firms incur for insulating Indian consumers from the global energy shock but ever-widening losses are now raising questions on how long they can continue bearing the cost without financially capitulating. Since the war broke out in the Middle East 10 weeks ago, state-owned oil marketing companies (OMCs) have ensured uninterrupted supplies of petrol, diesel and cooking gas LPG at rates that are way below cost, unlike many global energy systems that imposed rationing or passed through steep price increases. This has resulted in the three OMCs - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) - running record high under-recoveries (the difference between cost and retail selling price), two sources with direct knowledge of the matter said. The combined under-recovery on petrol, diesel and cooking gas LPG is Rs 1,6

Under-recovery of ₹30K crore per month on LPG and fuel sales: Govt

State-run oil marketing companies are facing mounting under-recoveries as retail fuel prices remain largely unchanged despite crude oil hovering around $100 a barrel

Delhi to Bhubaneswar: Soaring LPG costs burn deeper into restaurant margins

Soaring commercial LPG prices are squeezing restaurant margins, forcing eateries to consider menu hikes, switch fuels or absorb rising costs