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New Delhi, Apr 3 (PTI) The Centre has directed states and Union Territories to take strict action against hoarding and black marketing of petroleum products and LPG, amid supply concerns triggered by the closure of the Strait of Hormuz. Invoking provisions under the Essential Commodities Act and the LPG Control Order, the Ministry of Petroleum and Natural Gas (MoPNG) asked states to intensify enforcement, conduct daily raids and inspections in coordination with oil marketing companies, and main ...Read More >
Mysore/Mysuru: As the war between US, Israel and Iran escalates, with no sign of ending even a month after the war began on Feb. 28, autorickshaw operators in the city are largely hit. The inadequate supply of auto LPG has kept the owners and drivers of autos on tenterhooks, as they have been queuing up in front of gas stations, only to return empty handed after waiting for hours. 'No Stock' board is hung up at most of the gas stations, leaving the operators of public transportation facility i ...Read More >
Crude oil above one hundred dollars a barrel will push inflation past six percent. This could prompt interest rate hikes. Economists suggest a neutral approach for monetary and fiscal policies. Stimulating demand too early risks high inflation. Policymakers must balance growth and inflation control. Raising fuel prices can help manage the fiscal deficit. Mumbai, Crude oil sustaining above USD 100 per barrel will push the headline inflation above 6 per cent, the upper level of RBI's tolerance ba ...Read More >
Mumbai: A recent report by HSBC has warned that if crude oil prices remain above USD 100 per barrel, India's inflation could rise beyond 6 percent. This level is the upper limit of the Reserve Bank of India's (RBI) comfort range. According to HSBC economists, if oil prices stay below USD 100 on average, inflation may remain under control. However, if prices stay higher for a longer period, inflation pressure will increase sharply. Risk of Interest Rate Hikes If inflation crosses 6 percent, th ...Read More >
New Delhi, April 3 (SocialNews.XYZ) The Union Ministry of Petroleum and Natural Gas has asked all states and Union Territories to immediately step up proactive public communication on the availability of LPG and other petroleum products, citing the continued circulation of rumours and misinformation that are causing unnecessary public concern and panic buying. In a letter dated April 2, 2026, Secretary Dr Neeraj Mittal urged Chief Secretaries of all States and Union Territories to ensure daily ...Read More >
New Delhi, April 3: Indian Oil Corporation (IOC) on Friday said that it is delivering around 28 lakh LPG cylinders daily as domestic gas supply across the country remains stable and adequate. Operations remain steady amid challenges The state-run oil firm said operations remain steady and consistent with normal levels, even amid evolving geopolitical challenges. IndianOil also reassured consumers that there is no shortage and advised against panic booking or stockpiling. "IndianOil continues ...Read More >
New Delhi, April 3 (SocialNews.XYZ) Indian Oil Corporation (IOC) on Friday said that it is delivering around 28 lakh LPG cylinders daily as domestic gas supply across the country remains stable and adequate. The state-run oil firm said operations remain steady and consistent with normal levels, even amid evolving geopolitical challenges. IndianOil also reassured consumers that there is no shortage and advised against panic booking or stockpiling. "IndianOil continues to ensure uninterrupted L ...Read More >
New Delhi/Bengaluru: Union Minister for New and Renewable Energy Pralhad Joshi strongly criticised the Karnataka government over its recent electric vehicle (EV) policy decisions, alleging that the state is moving backwards on clean energy initiatives. In a recorded video statement, released on Friday by Joshi's office, reacting to the withdrawal of tax exemptions on EVs and the imposition of lifetime road tax, Joshi termed the move a "step backwards from reforms" and said it would place an add ...Read More >
Oracle India layoffs: US tech giant Oracle has been facing backlash online for filing thousands of foreign workers' petitions at a time when it laid off approximately 30,000 employees. The tech company filed for more than 3,000 petitions to employ H-1B workers in 2025 and 2026, and this has been criticised by American workers. US IT firm Oracle announced a brutal layoff impacting around 30,000 workers in an early morning email on March 31, informing the staff that it was their last working day. ...Read More >
Bhubaneswar: Today in Bhubaneswar, petrol prices were recorded at Rs 100.93 per litre, while diesel prices stood at Rs 92.51 per litre, based on the last 24 hours' data for April 03, 2026. Notably, the fuel prices in Bhubaneswar have decreased by 0.10 paise in the last 24 hours. In Cuttack, petrol prices increased by 0.35 paisa to ₹101.86 per litre, and diesel prices hiked by 0.34 paisa to ₹93.41 per litre in the last 24 hours. Prices of petrol in important cities of India have been recorded ...Read More >
Reliance Industries SEZ refinery will not face new export taxes on diesel and aviation fuel. This exemption stems from judicial pronouncements. The government reintroduced these levies on March 26 to encourage domestic fuel sales. These taxes are reviewed fortnightly. This move aims to manage global energy supply disruptions. Reliance operates two refineries in Jamnagar, Gujarat. The reimposed windfall export taxes on diesel and aviation turbine fuel (ATF) will not apply to Reliance Industries ...Read More >
New Delhi [India], April 3 (ANI): The Central Government has raised concerns over the persistence of rumours regarding LPG availability, noting that only 17 states are currently conducting regular press briefings to mitigate public anxiety. In a formal letter to all State and Union Territory Chief Secretaries, the Ministry of Petroleum & Natural Gas (MoPNG) has urged local administrations to intensify their communication strategies to prevent panic buying and hoarding across the country. "It i ...Read More >
New Delhi [India], April 3 (ANI): Vandana Bharti, AVP and Head of Commodity Research at SMC Global Securities, highlighted that the West Asian war is causing a significant disruption in global crude oil supplies, with 10 million barrels of oil missing from the market daily. Speaking with ANI on Thursday, she also shed light on the volatile shift in the global energy market. After a brief period of optimism earlier this week, the outlook for a ceasefire in the West Asian conflict has dimmed, rep ...Read More >
Visakhapatnam: Following an incremental rise of petroleum products in cargo composition summing up to a 25 percent jump, the 92-year-old Visakhapatnam Port has laid out an action plan for a Rs.3,000 crore-project with a special emphasis on 'clean cargo'. Shifting from its reliance on traditional bulk cargo, Visakhapatnam Port focuses on diversifying its compositions towards much cleaner and more varied cargo. Although petroleum products are generally handled in the harbour through direct pipel ...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 >
Amid the threat of a cross-border transport blockade, chief minister Sukhvinder Singh Sukhu on Tuesday announced a complete rollback of the recent hike in entry tax for small vehicles entering Himachal Pradesh. The decision follows agitations at key border points like Nalagarh and Barotiwala, where transporters from Punjab and Haryana had blocked arterial roads. The protesters were agitated by a steep hike that saw entry tolls for private cars jump from ₹70 to ₹170. Under the restored rates ...Read More >
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Thursday said the state government is committed to making Himachal a self-reliant economy by 2027 and a prosperous state by 2032, asserting that structural reforms initiated during the recently concluded Budget Session would accelerate growth. Addressing the media on the final day of the assembly session, Sukhu said that despite presenting a relatively smaller budget compared to the previous year, there was no financial crisis. "We have ...Read More >
Rahul Gandhi accused Assam CM Himanta Biswa Sarma of corruption and alleged that the BJP leadership is operating a "land ATM" to benefit corporates. Congress MP Rahul Gandhi on Thursday launched a sharp attack on Assam Chief Minister Himanta Biswa Sarma, alleging that he is the "most corrupt Chief Minister" in the country and accusing the BJP leadership of facilitating corporate interests at the cost of the public. Addressing an election rally in support of party candidate Raton Engti for the ...Read More >
All refineries are operating at high capacity, with adequate crude inventories in place | Image: Canva/Free The Central Government authorised on Sunday to make an ad hoc allocation of Public Distribution System (PDS) Superior Kerosene Oil (SKO) to the States and Union Territories (UTs) for distribution to households for cooking and lighting purposes, citing the ongoing West Asia conflict's disruption of energy supplies. The allocation includes the 21 states and UTs which are PDS SKO free. Ear ...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 >
Thiruvananthapuram | Ettumanoor | Chalakudy: Kerala has sprawling chains of outdoor eateries, which are closely linked to the daily life of Malayalees, both as enterprising food vendors and devout customers. Apart from the traditional chain of restaurants, "bar attached" and otherwise, the mushrooming popular 'thattukada' (small roadside food cart) chains and 'veettile oonu' (licensed homely meal outlets run from many houses) network daily cater to the local population's increasing habit of eati ...Read More >
Lucknow, April 2 (SocialNews.XYZ) In a strong crackdown on black marketing of petrol, diesel, and LPG, the Uttar Pradesh government has registered 233 FIRs and arrested 20 people since the statewide campaign was launched on March 12 on the directives of Chief Minister Yogi Adityanath. According to the Food and Civil Supplies Department, 19,882 raids were conducted across the state during this period. While 20 individuals have been arrested so far, prosecution proceedings have been initiated ag ...Read More >
New Delhi: The government on Thursday admitted that oil marketing companies (OMCs) in the country are currently incurring significant losses on fuel sales as global crude oil prices surge amid the ongoing West Asia conflict, even as retail fuel prices remain unchanged. "Oil marketing firms are facing under-recoveries of about Rs 24 per litre on petrol and Rs 104 per litre on diesel. The government has reduced excise duty to keep prices stable, and part of the burden is also being borne by our o ...Read More >
Lucknow: The state government has intensified its crackdown on black marketing and illegal sale of petrol, diesel and LPG, conducting more than 17,000 raids across districts while maintaining that fuel supply remains normal. According to official data, a total of 17,581 raids and inspections have been carried out since March 12 as part of a statewide drive to ensure uninterrupted availability of essential fuels. During the campaign ,authorities registered 33 FIRs against LPG distributors and 1 ...Read More >
New Delhi [India], April 2 (ANI): Secretary (Petroleum) chaired a meeting with Additional Chief Secretaries and Principal Secretaries (Food & Civil Supplies) of all States and Union Territories to review the fuel supply situation across the country, the government said in a release. "He briefed the states/UTs on steps taken by the Government to ease the supply of essential petroleum fuels and also appreciated respective states/UTs to work alongside the central Government to deal with the evolvi ...Read More >
New Delhi [India], April 2 (ANI): Secretary (Petroleum) chaired a meeting with Additional Chief Secretaries and Principal Secretaries (Food & Civil Supplies) of all States and Union Territories to review the fuel supply situation across the country, the government said in a release. "He briefed the states/UTs on steps taken by the Government to ease the supply of essential petroleum fuels and also appreciated respective states/UTs to work alongside the central Government to deal with the evolvi ...Read More >
Chhindwara, Apr 2 (PTI) Senior Congress leader Kamal Nath on Thursday said there is no shortage of gas in the country but the government's arrangements on the issue are lacking amid the West Asia crisis. The BJP immediately used Nath's "no shortage of gas" statement to train its guns on the Congress, accusing the opposition party of misleading the public and instilling fear to gain political mileage. While the Congress has been highlighting long queues at fuel pumps and LPG cylinder distributi ...Read More >
Patna, Apr 2 (PTI) The commercial taxes department of Bihar recorded revenues worth Rs 43,324 crore in the 2025-26 financial year, achieving 93.17 per cent of the target of Rs 46,500 crore, a senior official said on Thursday. The collection was 4.09 per cent more than the figure in 2024-25, he said. Secretary-cum-Commissioner of the department, Sanjay Kumar Singh, said it collected Rs 32,801 crore as GST in 2025-26, an increase of 11.67 per cent year-on-year. "However, after the deduction of ...Read More >
Patna, Apr 2 (PTI) The commercial taxes department of Bihar recorded revenues worth Rs 43,324 crore in the 2025-26 financial year, achieving 93.17 per cent of the target of Rs 46,500 crore, a senior official said on Thursday. The collection was 4.09 per cent more than the figure in 2024-25, he said. Secretary-cum-Commissioner of the department, Sanjay Kumar Singh, said it collected Rs 32,801 crore as GST in 2025-26, an increase of 11.67 per cent year-on-year. "However, after the deduction of ...Read More >
Shimla, April 2 (PTI) No price hike in petrol and diesel has been implemented in the state and the Legislative Assembly has merely made a provision to allow for a rate increase of up to Rs 5 in the future, should the need arise, Chief Minister Sukhvinder Singh Sukhu said on Thursday. The Himachal assembly, on March 23, passed the HP Value Added Tax (Amendment) Bill 2006, seeking the levy of "Orphan and Widow" cess on Petrol and high-speed diesel up to five rupees per litre. Interacting with th ...Read More >
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