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New Delhi: India has decided to import crude oil from Venezuela after a gap of around 11 months. In April, Indian ports are expected to receive about 10 to 12 million barrels of crude oil from the South American country. This comes at a time when global energy markets are facing uncertainty. Move Driven By Supply Concerns The decision comes as tensions in West Asia, especially around the Strait of Hormuz, have disrupted oil supplies. India is now looking at alternative sources to ensure steady ...Read More >
The district administration has "begun prioritising migrant workers and labourers without LPG connections, who have been hit by skewed supplies", by rolling out 5 kg mini cylinders through gas distribution agencies, officials said on Sunday. Officials said any valid Aadhaar holder can purchase one mini cylinder at a time, with no requirement of a prior LPG connection or proof of permanent residency. Migrants can purchase the 5kg cylinders directly using Aadhaar identification by paying around ...Read More >
She was speaking at an event organised by the NIPFP) here. ShowQuick Read Summary is AI-generated, newsroom-reviewed * India has fiscal space to support sectors hit by the West Asia crisis, says Sitharaman * She said RBI has room to cut interest rates amid global economic challenges * Monetary Policy Committee will announce interest rate stance on Wednesday, the minister said Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Finance Minister Nirmala Sitharaman on Mo ...Read More >
New Delhi, Apr 7 (PTI) The government is considering a ₹2.5 lakh crore credit guarantee scheme to support businesses, especially MSMEs impacted by the West Asia crisis, sources said. Under the scheme, a credit guarantee of about 90 per cent on loans of up to ₹100 crore would be provided to lenders in case of default by borrowers due to the ongoing US-Iran conflict. The guarantee on bank loans would be provided by the National Credit Guarantee Trustee Company (NCGTC), a wholly-owned subsidiary ...Read More >
New Delhi, Apr 7 (PTI) The government is considering a Rs 2.5 lakh crore credit guarantee scheme to support businesses, especially MSMEs impacted by the West Asia crisis, sources said. Under the scheme, a credit guarantee of about 90 per cent on loans of up to Rs 100 crore would be provided to lenders in case of default by borrowers due to the ongoing US-Iran conflict. The guarantee on bank loans would be provided by the National Credit Guarantee Trustee Company (NCGTC), a wholly-owned subsidi ...Read More >
New Delhi: The Centre has decided to double the daily allocation of 5-kg free trade LPG (FTL) cylinders available for distribution to migrant labourers across states, according to an official communication. The Petroleum Ministry said in a notification that the enhanced allocation will be based on the average daily supply of cylinders provided to migrant workers. The revised allocation goes beyond the earlier cap of 20 per cent specified in the March announcement. The government also said that ...Read More >
Civil Supplies Director Nupur Ajay Kumar on Monday said the government is continuously monitoring the supply systems for gas, petrol and diesel to maintain sufficient stocks in the State. Addressing the media, Ms. Nupur Ajay Kumar said that although global conflicts have had some impact, necessary measures are in place to ensure an uninterrupted supply of Liquefied Petroleum Gas (LPG). She warned of strict action against any irregularities in the supply chain. The State's refineries currently ...Read More >
VIJAYAWADA: Civil Supplies Director S Nupur Ajay Kumar on Monday stated that there is no shortage of LPG, petrol, diesel, or fertilizers in the state and urged the public not to panic. Addressing a joint press conference at the State Civil Supplies Corporation office in Kanuru along with PIB Director G Suresh Kumar, she said the government has taken all necessary steps to ensure uninterrupted supply of essential commodities. She stated that despite global uncertainties, adequate stocks are bei ...Read More >
Srinagar, April 7 (SocialNews.XYZ) The strategic Srinagar-Jammu national highway was reopened for passenger traffic on Tuesday after it remained closed for a day due to a landslide and shooting stones in Ramban district of J&K. Traffic department officials said this morning that passenger traffic has been allowed from both sides on the Jammu-Srinagar National Highway (NH-44). Senior Superintendent of Police (SSP), Traffic National Highway, Raja Adil, told reporters that vehicular movement has ...Read More >
Aizawl: The Mizoram government on Monday said the state has adequate stocks of liquefied petroleum gas (LPG) and fuel, seeking to allay concerns over possible shortages amid the ongoing conflict in West Asia. In a statement, the Food, Civil Supplies and Consumer Affairs Department said it was monitoring supply chains to ensure there are no disruptions and urged the public not to resort to panic buying. According to official data, a total of 39,988 domestic LPG cylinders (14.2 kg) are available ...Read More >
Addressing the 'Dhanyavaad Evam Viksit Faridabad Rally' here, Saini said significant work has been carried out over the past 11.5 years in infrastructure, connectivity, industry, Smart City development, metro expansion and digital services. According to an official statement, the projects include the construction of a rest house at ₹50.61 crore, a dispensary-cum-chief medical officer office at ₹41.70 crore, laying of sewerage lines at ₹25 crore, and a school building in Old Faridabad at ...Read More >
New Delhi, April 6: The International Monetary Fund (IMF) has asked Pakistan to eliminate, at the earliest, distortions in the pricing of petroleum products due to the subsidy extended by the federal government to consumers amid the surge in global prices triggered by the Iran war, local media reports said on Monday. A senior government official has confirmed that the IMF remains concerned about existing distortions, particularly in diesel pricing, and is pushing for their early removal, the Da ...Read More >
New Delhi, April 6: Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said, it improves the counter-cyclical capacity , especially the ability to 'lean against the wind' ...Read More >
New Delhi, Apr 6 (PTI) Environment Minister Manjinder Singh Sirsa on Monday directed civic and transport agencies to expedite field trials of 22 innovations shortlisted under the Delhi government's Innovation Challenge to tackle the capital's persistent air pollution problem. The decision was taken at a high-level meeting chaired by Sirsa with officials from multiple agencies, including Delhi Transport Corporation, New Delhi Municipal Council, Municipal Corporation of Delhi, Delhi Fire Service, ...Read More >
Jaipur, Apr 6 (PTI): Adequate stocks of LPG, petrol, diesel and aviation turbine fuel (ATF) are available across Rajasthan, and supply remains uninterrupted despite pressure on global supply chains due to the conflict in West Asia, officials said on Monday. The assurance was given during a press conference organised to create awareness about the current supply situation and address consumer concerns. Addressing mediapersons, Manoj Gupta, Executive Director and State Head (Oil Industry Coordina ...Read More >
Jaipur, Apr 6 (PTI) Adequate stocks of LPG, petrol, diesel and aviation turbine fuel (ATF) are available across Rajasthan, and supply remains uninterrupted despite pressure on global supply chains due to the conflict in West Asia, officials said on Monday. The assurance was given during a press conference organised to create awareness about the current supply situation and address consumer concerns. Addressing mediapersons, Manoj Gupta, Executive Director and State Head (Oil Industry Coordinat ...Read More >
Mumbai, April 6: Maharashtra has witnessed a steady expansion in piped natural gas (PNG) connectivity, with total connections reaching 25.36 lakh, including 73,000 new additions in the past month, senior officials said on Monday. Anil Diggikar, Additional Chief Secretary of the Food, Civil Supplies and Consumer Protection Department, said the state government's decision to grant "deemed permission" for City Gas Distribution (CGD) pipelines is expected to further accelerate network expansion. H ...Read More >
Bhopal (Madhya Pradesh): Amid ongoing petrol, diesel and LPG shortages in parts of Madhya Pradesh, oil marketing companies (OMCs) have claimed that fuel supply in the state remains adequate. They said that there is a daily supply of 2.2 lakh LPG cylinders, 8,000 kilolitres of petrol and 16,000 kilolitres of diesel across Madhya Pradesh. Indian Oil Corporation CGM Ajay Kumar Shrivastava, addressing mediapersons on Monday, said, "There is adequate availability of fuel at petrol pumps to meet dema ...Read More >
New Delhi: Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for a further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said that it improves the counter-cyclical capacity, especially the ability to 'lean against the wind' in ec ...Read More >
New Delhi, Apr 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said, it improves the counter-cyclical capacity , especially the ability to 'lean against the win ...Read More >
Mumbai, Apr 6 (PTI) The Maharashtra government on Monday said there is no shortage of petroleum products in the state amid the West Asia crisis and asked people to avoid panic buying. The state had faced challenges in LPG supply due to dependence on imports from Gulf countries, but the situation is now improving with calibrated policy measures by the Union government, Additional Chief Secretary (Food and Civil Supplies) Anil Diggikar asserted. Addressing a joint press briefing, he said, "Petro ...Read More >
New Delhi, Apr 6 (PTI) Natural gas supplies to fertilizer plants have been raised to about 90 per cent of their requirement after oil companies procured liquefied natural gas (LNG) from spot market as part of a broader set of measures to manage fuel availability amid disruptions linked to the Strait of Hormuz situation, officials said. With the war in West Asia disrupting energy flows from the Gulf nations, the government initially restricted gas supply to fertiliser (urea) plants to about 60 p ...Read More >
New Delhi, Apr 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said India has fiscal space to support sectors impacted by escalating West Asia crisis, while the Reserve Bank has room to cut interest rate to deal with global challenges. The Monetary Policy Committee headed by Reserve Bank Governor will announce its stance on interest rate on Wednesday. There is a widespread speculation that RBI will maintain status quo. The rate-setting panel began its deliberations on Monday. Observing t ...Read More >
New Delhi, April 6: The International Monetary Fund (IMF) has asked Pakistan to eliminate, at the earliest, distortions in the pricing of petroleum products due to the subsidy extended by the federal government to consumers amid the surge in global prices triggered by the Iran war, local media reports said on Monday. A senior government official has confirmed that the IMF remains concerned about existing distortions, particularly in diesel pricing, and is pushing for their early removal, the Da ...Read More >
New Delhi [India], April 6 (ANI): Hindustan Petroleum Corp Ltd on Monday said it continues to ensure the uninterrupted supply of fuel and Liquefied Petroleum Gas across the country. The government-owned petroleum company has also intensified enforcement through surprise inspections to curb malpractices, with over 4,028 inspections. The company said that it sold 38,986 KL (over 3.8 Crore Litres ) of Petrol & 69,357 KL (over 6.9 Crore Litres) of Diesel on Saturday. "The Company catered to a wide ...Read More >
Bhubaneswar: The Principal Secretary of the Food Supplies & Consumer Welfare Department, Sanjay Kumar Singh, on Monday clarified that there is no shortage of fuel in Odisha and assured the public of adequate availability of LPG, petrol, and diesel across the state. Addressing a press briefing at the Annapurna Conference Hall in Lok Seva Bhawan, Singh, along with senior officials and representatives of Oil Marketing Companies (OMCs), dismissed rumours regarding the shortage of 5 kg LPG cylinders ...Read More >
Dehradun (Uttarakhand) [India], April 6 (ANI): Dhabas and small roadside eateries in Uttarakhand's Dehradun are facing the impact of the price hike in commercial LPG cylinders, leading to operational disruptions. A dhaba owner said, "The supply continues, because we cannot afford it. We have switched to other alternatives like wood fire." Also Read | 8th Pay Commission Latest News: NC JCM Demands OPS Restoration, Pension Reform and Extension for Submission Deadline. Another dhaba owner told A ...Read More >
Dehradun (Uttarakhand) [India], April 6 (ANI): Dhabas and small roadside eateries in Uttarakhand's Dehradun are facing the impact of the price hike in commercial LPG cylinders, leading to operational disruptions. A dhaba owner said, "The supply continues, because we cannot afford it. We have switched to other alternatives like wood fire." Another dhaba owner told ANI, "We are facing a severe problem. There is an issue in supplying the orders to the customers as well. There is a price rise in e ...Read More >
New Delhi: State-run oil marketing company Indian Oil Corporation Ltd (IOCL) on Monday said commercial LPG supply has recovered to around 70 per cent of pre-crisis levels amid ongoing geopolitical disruptions. The PSU firm further noted that it continues to work towards maintaining reliable and efficient energy access, aiming to support both households and businesses during the current period of uncertainty. Meanwhile, the Ministry of Petroleum and Natural Gas has said that online LPG bookings ...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 >
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