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April 6 (Reuters) - Indian refiners have postponed maintenance shutdowns of their units to meet local fuel demand, a government official said on Monday. Indian Oil Corporation (IOC.NS), opens new tab and Bharat Petroleum Corporation (BPCL.NS), opens new tab were among the companies that had planned to shut units at some of their refineries for routine maintenance, Sujata Sharma, joint secretary in the federal oil ministry said. However, Nayara Energy will shut its 400,000 barrels per day Vadi ...Read More >
NEW DELHI: The government is considering building liquefied petroleum gas (LPG) reserves as a buffer against potential supply disruptions, a government official said on Monday.The move comes as Nayara Energy is set to shut its Vadinar refinery from April 9-10, a development that is expected to impact LPG supplies in the country, the official added.With the temporary shutdown likely to tighten availability, the government is evaluating options to ensure supply stability, including the creation of ...Read More >
Summary The Bureau of Energy Efficiency (BEE) started consultations with electric two-wheeler makers on 2 April, as it looks to rev up its five-year-old 'Go Electric' campaign, eyeing a micro-level awareness on EV benefits, two people aware of the matter said. The West Asia war-triggered energy supply shocks are pushing India to speed up its shift to electric mobility to cut its oil import dependence and cushion the economy from volatility. Towards this, the Bureau of Energy Efficiency (BEE) s ...Read More >
New Delhi: The government on Sunday said that sale of small 5-kg LPG cylinders has been stepped up significantly as easy access to 5 kg FTL cylinders without address proof is available across-the-counter at LPG distributorships. In order to ramp up supplies to meet demand, the government also said that over 90,000 such cylinders have been sold on Saturday alone. Unlike the subsidised domestic 14.2-kg cylinders, the 5 kg bottles, called FTL cylinders, are priced at market rates and do not requir ...Read More >
The oil marketing companies (OMCs) on March 26 fixed rates for petroleum products that are at a discount of up to ₹60 per litre to their imported cost. In a first since fuel price deregulation, Indian state-run oil marketing companies will pay refineries a discounted price for petrol, diesel, aviation turbine fuel (ATF) and kerosene to limit mounting losses from a self-imposed freeze on retail fuel prices, sources said. The oil marketing companies (OMCs) on March 26 fixed rates for petroleum ...Read More >
The oil marketing companies (OMCs) on March 26 fixed rates for petroleum products that are at a discount of up to ₹60 per litre to their imported cost. In a first since fuel price deregulation, Indian state-run oil marketing companies will pay refineries a discounted price for petrol, diesel, aviation turbine fuel (ATF) and kerosene to limit mounting losses from a self-imposed freeze on retail fuel prices, sources said. The oil marketing companies (OMCs) on March 26 fixed rates for petroleum p ...Read More >
Prices at petrol pumps for diesel car owners have been left unchanged. New Delhi: State-run oil marketing companies have raised the price of industrial diesel by Rs 28.22 per litre, an increase of more than 25 per cent, with the new rate set at Rs 137.81 per litre. The adjustment was made on Wednesday, by companies including the Indian Oil Corporation Ltd and Bharat Petroleum Corporation Ltd. According to internal communication seen by NDTV Profit, it applies to high-speed diesel, known as HS ...Read More >
CHENNAI: With oil marketing companies (OMCs) in Tamil Nadu instructing dealers to restrict diesel sales to commercial buyers in view of the Gulf conflict, the bulk consumers are forced to forego discounts and shell out market-linked rates, which currently stands at Rs 141 per litre, the Tamil Nadu Petroleum Dealers Association stated. According to industry sources, bulk consumers like industries, transport operators and commercial establishments were buying high-speed diesel (HSD) at Rs 82/litr ...Read More >
New Delhi [India], April 4 (ANI): The Centre continues to take necessary steps to ensure preparedness and smooth functioning across key sectors in view of the West Asia crisis, with 3700 raids conducted across the country to wipe out LPG black marketing, the Ministry of Petroleum and Natural Gas said in a release on Saturday. It said the government is taking proactive steps to ensure the uninterrupted availability of petroleum products and LPG across the country, in the context of the ongoing c ...Read More >
New Delhi [India], April 4 (ANI): The Centre continues to take necessary steps to ensure preparedness and smooth functioning across key sectors in view of the West Asia crisis, with 3700 raids conducted across the country to wipe out LPG black marketing, the Ministry of Petroleum and Natural Gas said in a release on Saturday. It said the government is taking proactive steps to ensure the uninterrupted availability of petroleum products and LPG across the country, in the context of the ongoing c ...Read More >
Indore: In view of the ongoing nationwide LPG supply constraints triggered by global geopolitical tensions, the Indore district administration, on Saturday, temporarily suspended the supply of commercial LPG cylinders to ensure uninterrupted availability for domestic households. The decision aims to conserve existing stocks and channel them exclusively towards meeting the cooking needs of ordinary families. This move aligns with similar measures taken across several states to safeguard domesti ...Read More >
Hyderabad: India-flagged liquefied petroleum gas (LPG) tanker, Green Sanvi, on early Saturday, April 4, successfully crossed the strategic Strait of Hormuz, providing a boost to India's energy supply chain as global shipping remains under pressure due to the ongoing West Asia conflict. The Very Large Gas Carrier (VLGC), carrying approximately 44,000-46,000 metric tonnes of LPG, is currently en route and is expected to reach Mumbai by April 6. State-run Bharat Petroleum Corporation Limited (BPCL ...Read More >
A tanker with Iranian crude oil has been flashing India's west coast as its destination, according to maritime tracking sites, in what could be the first such import in nearly seven years. The Eswatini-flagged Ping Shun's transponders and AIS (automatic identity system) have signalled it is headed for the Vadinar offshore terminal and is expected to reach the facility by April 4, according to the Kpler-owned MarineTraffic and Winward, both providers of global commodity and ship data. At an int ...Read More >
Hyderabad: Telangana Civil Supplies Department seized 3,699 domestic LPG cylinders and 70 small cylinders between March 12 to April 3, in a crackdown against black marketeers and hoarders, reports said. The cylinders are estimated to be valued at Rs 1.20 crore. The department has booked 1,275 cases under Section 6A of Essential Commodities Act and lodged 216 FIRs for several violations. The district collectors are empowered to seize essential commodities when black-marketing and hoarding is su ...Read More >
Following the action, Chief Minister Rekha Gupta said in a statement that "any attempt to exploit consumers or manipulate LPG distribution will invite the strictest possible action". Gupta reiterated the government's "zero-tolerance policy towards black marketing and hoarding" and said it will continue to act decisively against offenders, while assuring that there is no shortage of LPG supply in the national capital. According to the statement, Thursday's action followed inputs from a sting op ...Read More >
Hyderabad: Delays in domestic LPG cylinder delivery have been reported across the city, even as the civil supplies department maintained that there is no shortage of supply amid concerns linked to the West Asian crisis. According to data from the Telangana civil supplies department on April 1, a total of 2,49,099 domestic LPG cylinders were supplied. Of these, Indian Oil Corporation (IOCL) accounted for 1,06,722 cylinders, Hindustan Petroleum Corporation Limited (HPCL) for 90,633, and Bharat Pe ...Read More >
The government is taking several measures to reduce India's dependence on imported Liquefied Petroleum Gas (LPG) and enhance energy security in the medium to long term, including prioritising piped natural gas (PNG) and renewable energy development such as solar, wind, bioenergy and green hydrogen, minister of state for environment Suresh Gopi informed the Lok Sabha on Thursday. He said that India imports about 60% of its LPG needs, with nearly 90% of supplies transiting through the Strait of H ...Read More >
Hyderabad, April 3: Acting against hoarding and black-marketing of LPG, the Telangana civil supplies department has so far seized 3,699 illegal domestic LPG cylinders, officials said on Friday. The department also seized 70 small cylinders. All the cylinders have been seized from March 12 to April 3. According to an official statement, the value of seized property is Rs. 1.10 crore. A total of 1,275 cases have been filed under Section 6A of the Essential Commodities Act. Officials said 216 FIRs ...Read More >
Hyderabad, April 3 (SocialNews.XYZ) Acting against hoarding and black-marketing of LPG, the Telangana civil supplies department has so far seized 3,699 illegal domestic LPG cylinders, officials said on Friday. The department also seized 70 small cylinders. All the cylinders have been seized from March 12 to April 3. According to an official statement, the value of seized property is Rs. 1.10 crore. A total of 1,275 cases have been filed under Section 6A of the Essential Commodities Act. Offic ...Read More >
NEW DELHI: A liquefied petroleum gas (LPG) carrier transporting around 44,000 tonnes (kt) of LPG is currently en route to India after crossing the Strait of Hormuz, according to ship-tracking firm Kpler. The firm also indicated that two additional vessels -- Green Asha and Jag Vikram -- are expected to follow in the coming days. The Very Large Gas Carrier (VLGC) Green Sanvi is expected to arrive at an Indian port on April 12, with Bharat Petroleum Corporation Limited (BPCL) listed as the buyer. ...Read More >
Seven BPCL customers in Indore are under investigation for allegedly misappropriating over Rs 5.7 crore in mistakenly deposited funds, prompting a police probe into widespread digital wallet errors. Key PointsSeven BPCL customers in Indore are accused of misappropriating over Rs 5.7 crore in erroneously deposited funds.Police are investigating how a total of Rs 129.55 crore was wrongly credited to approximately 1,000 BPCL 'Smart Fleet' customers' digital wallets.The case was registered under In ...Read More >
Indore (Madhya Pradesh) [India], April 3 (ANI): A major financial fraud involving Bharat Petroleum Corporation Limited (BPCL) has come to light, with allegations of cheating amounting to nearly Rs 129.55 crore by 1093 individuals across the country over the past few years. Of these, seven such individuals from Madhya Pradesh's Indore district are accused of cheating the company of approximately Rs 5.72 crore, and a case has been registered against them at Kshipra police station in the district. ...Read More >
Indore (Madhya Pradesh) [India], April 3 (ANI): A major financial fraud involving Bharat Petroleum Corporation Limited (BPCL) has come to light, with allegations of cheating amounting to nearly Rs 129.55 crore by 1093 individuals across the country over the past few years. Of these, seven such individuals from Madhya Pradesh's Indore district are accused of cheating the company of approximately Rs 5.72 crore, and a case has been registered against them at Kshipra police station in the district. ...Read More >
Maharashtra's Food and Civil Supplies minister Chhagan Bhujbal Monday asked consumers in areas with piped gas availability to start applying for the service, warning that their LPG connection can be discontinued if they do not. The minister's advisory comes amid the ongoing LPG cylinder crisis due to the West Asia conflict. "In the coming three months, domestic and commercial consumers should make their applications for the pipeline gas. I want to direct our officers to expedite these applicat ...Read More >
Amid ongoing global energy supply disruptions, state-run oil marketing companies on Wednesday raised prices of commercial LPG and aviation turbine fuel (ATF), marking a significant increase across key fuel segments. The price of a 19kg commercial LPG cylinder was hiked by ₹195.5, taking the rate in Delhi from ₹1,883 on March 7 to ₹2,078.50 on Wednesday, a 10.4% increase. Commercial LPG is widely used by hotels, hostels and restaurants, and this is the second price hike in less than a month ...Read More >
Bengaluru: Private fuel retailers Nayara Energy and Shell have increased petrol and diesel prices across major Indian cities, including Bengaluru in Karnataka, triggering fresh concern among consumers already grappling with rising living costs. The hike comes at a time when global crude oil prices are surging due to escalating geopolitical tensions in West Asia, even as public sector oil companies, owned by the Karnataka government, continue to hold retail prices steady. In Bengaluru, petrol p ...Read More >
Mumbai : Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company, and one of India's leading oil and gas companies, announced today that Shri Subhankar Sen, Director (Marketing), has taken over the additional charge of Director (Human Resources) of the company. Shri Subhankar Sen is a graduate of the University of Calcutta and holds a Post Graduate Diploma in Executive Management from S. P. Jain Institute of Management & Research, Mumbai. With over three decades of rich and di ...Read More >
New Delhi, April 2 (SocialNews.XYZ) The government's calibrated 8.5 per cent hike in aviation turbine fuel (ATF) prices for domestic airlines may offer short-term relief to oil marketing companies (OMCs), according to analysts. Analysts at global brokerage firm Nomura have estimated that state-owned fuel retailers continue to lose heavily on ATF sales amid a war-driven surge in global oil prices. At current prices, the brokerage has estimated that OMCs are losing around Rs 64 per litre on dome ...Read More >
New Delhi, April 2 (SocialNews.XYZ) Delhi Police have arrested three individuals for allegedly operating an illegal LPG gas storage and refilling racket in the Palam area, recovering 45 Bharat Gas cylinders from the spot, officials said on Thursday. In a significant crackdown, a team from Palam Village Police Station dismantled the illegal operation that was being run from a residential locality in Palam. The accused have been identified as Anaar Singh, a resident of Najafgarh, who worked as a ...Read More >
India's LPG supply situation may seem to have stabilised after weeks of disruption, but the crisis is not fully over yet, with experts warning that risks remain high due to ongoing geopolitical tensions and structural dependence on imports. There are early signs of possible de-escalation in the conflict. Iran's President Masoud Pezeshkian has said Tehran is willing to end the conflict with the United States and Israel, but only if it gets credible guarantees that such attacks will not happen ag ...Read More >
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