Stay updated with the latest ministry-of-petroleum-and-natural-gas news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on ministry-of-petroleum-and-natural-gas topics.
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 >
New Delhi [India], April 2 (ANI): Congress Member of Parliament Manish Tewari on Thursday questioned the long-term effectiveness of the Government's decision to slash excise and customs duties, calling it a 'band-aid approach' for a much larger global energy crisis. Tewari, while speaking to the reporters, said, "... One can only manage a contingency by reducing excise and customs duty. The main point is up to what extent this band-aid approach would work, if we do not get sufficient crude oil ...Read More >
NEW DELHI, April 2 (Reuters) - India is using a cooking gas crisis triggered by the Iran war to plug leaks in its local distribution chain and strengthen infrastructure to expedite a shift towards piped gas as it looks to reduce liquefied petroleum gas imports and spending on subsidies. The government has invoked emergency powers to ensure that limited LPG supplies are directed toward actual household use and will halt supplies after three months for customers linked to piped gas connections. ...Read More >
NEW DELHI, April 2 (Reuters) - India is using a cooking gas crisis triggered by the Iran war to plug leaks in its local distribution chain and strengthen infrastructure to expedite a shift towards piped gas as it looks to reduce liquefied petroleum gas imports and spending on subsidies. The government has invoked emergency powers to ensure that limited LPG supplies are directed toward actual household use and will halt supplies after three months for customers linked to piped gas connections. ...Read More >
A 19-kg commercial LPG now costs Rs 2,078.50 in Delhi, according to state-owned oil companies. Prices of commercial LPG were hiked by Rs 195.50 on Wednesday, on back of surge in global oil prices linked to the widening West Asia conflict. A 19-kg commercial LPG now costs Rs 2,078.50 in Delhi, according to state-owned oil companies. Rates were last increased by Rs 114.5 per 19-kg cylinder on March 1. Domestic cooking gas LPG rates, which were last hiked by Rs 60 per 14.2-kg cylinder on March ...Read More >
New Delhi, April 1 (SocialNews.XYZ) More than 3.9 lakh 5 kg FTL (free trade LPG) cylinders have been sold since March 23, and over 65,000 5 kg FTL cylinders were sold yesterday, the government said on Wednesday. Supply of LPG continues to be affected due to the prevailing geopolitical situation, but there has been no increase in price for domestic LPG consumers, said the government during the inter-ministerial briefing. "No dry-out has been reported at LPG distributorships. Online LPG bookings ...Read More >
Mumbai, Apr 1 (PTI) The Maharashtra government has ordered fast-tracking the expansion of the City Gas Distribution (CGD) network across the state in line with instructions from the Centre amid concerns over global energy supply disruptions. City Gas Distribution (CGD) networks are an interconnected system of underground natural gas pipelines for supplying Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) to domestic and industrial customers. According to a Government Resolution (GR) is ...Read More >
New Delhi [India], April 1 (ANI): Shiv Sena (UBT) MP Anil Desai on Wednesday criticised the central government for the recent hike in commercial LPG prices and underlined the need to control the prices. "The government has been saying that there would be no problems, but with the way there has been a price hike in both domestic and commercial LPG cylinders, it was important to control the prices," Desai told ANI. Meanwhile, Union Minister Ramdas Athawale said that ensuring a steady supply of p ...Read More >
NEW DELHI, April 1 (Xinhua) -- The price of commercial cooking gas, or Liquefied Petroleum Gas (LPG), was hiked by 195.50 Indian Rupees (around 2.09 U.S. dollars) per cylinder of 19 kg in India with effect from Wednesday, owing to rising global oil prices amid the Middle East conflicts. The commercial LPG was used for cooking purposes in hotels and restaurants. The price of a domestic LPG cylinder of 14.2 kg, however, remained unchanged at 913 Indian Rupees (around 9.77 U.S. dollars). After th ...Read More >
NEW DELHI, April 1 (Xinhua) -- India on Wednesday announced plans to raise the price of jet fuel amid a surge in global prices due to the U.S.-Israeli strike on Iran, officials said. Domestic fuel retailers have raised prices of aviation turbine fuel (ATF) to 104,927 Indian rupees (1,123.72 U.S. dollars) per kiloliter. The federal government defended the hike, saying that the increase passed on to domestic airlines is only a "partial and staggered" adjustment, aimed at cushioning the impact of ...Read More >
New Delhi, April 1 (SocialNews.XYZ) India's crude inventory is adequate, and all necessary arrangements have been made to ensure sufficient crude supply for the next two months, the government said on Wednesday. Petroleum and Natural Gas Ministry's Joint Secretary, Marketing and Refinery, Sujata Sharma, said all refineries are operating at optimal capacity, and no instances of fuel shortages have been reported at retail outlets. "I would also like to highlight that about two months ago, Brent ...Read More >
New Delhi [India], April 1 (ANI): Civil Aviation Ministry Joint Secretary Asangba Chuba Ao on Wednesday said that the government's decision to allow only a partial increase of 25% on Aviation Turbine Fuel (ATF) prices for domestic airlines provides "critical relief", and the move will "prevent a potential industry-wide crisis". "This morning, there was a very significant announcement by the Ministry of Petroleum and Natural Gas regarding prices of ATF, that is, aviation turbine fuel. The Indian ...Read More >
New Delhi, Apr 1 (PTI) Aviation turbine fuel (ATF) prices for domestic airlines were raised by a calibrated 8.5 per cent on Wednesday, instead of more than doubling as warranted by a war-driven surge in global oil prices, even as rates for commercial LPG and premium petrol were also increased amid firm energy trends. ATF or jet fuel for domestic carriers was hiked by Rs 8,289.04 per kilolitre, or 8.56 per cent, to Rs 1,04,927.18 per kl from Rs 96,638.14 per kl last month, according to state-own ...Read More >
New Delhi, Apr 1 (PTI) The government's decision on limited hike of jet fuel price ensures that carriers' domestic operational costs remain manageable and will not lead to additional fuel surcharge, an official said on Wednesday. Asangba Chuba Ao, joint secretary at the civil aviation ministry, said with the partial hike in aviation turbine fuel (ATF) price, airlines would recalibrate their pricing and the move prevents a potential industry-wide crisis. ATF accounts for around 40 per cent of a ...Read More >
New Delhi [India], April 1 (ANI): India's crude oil inventories remain adequate, with the government securing sufficient supplies for the next two months, said Sujata Sharma, Joint Secretary, Ministry of Petroleum and Natural Gas, on Wednesday during an inter-ministerial briefing amid the ongoing West Asia crisis. Assuring stability in fuel supply, Sharma said, "Our refineries are operating at the highest levels. There have been no reports of any dry-out at retail outlets." Also Read | Hapur S ...Read More >
New Delhi [India], April 1 (ANI): India's crude oil inventories remain adequate, with the government securing sufficient supplies for the next two months, said Sujata Sharma, Joint Secretary, Ministry of Petroleum and Natural Gas, on Wednesday during an inter-ministerial briefing amid the ongoing West Asia crisis. Assuring stability in fuel supply, Sharma said, "Our refineries are operating at the highest levels. There have been no reports of any dry-out at retail outlets." Highlighting global ...Read More >
New Delhi: The Ministry of Petroleum and Natural Gas clarified on Wednesday that only the price of commercial LPG have been increased in the country, while that of domestic LPG has been left unchanged to protect households from the sharp rise in the cost at which the cooking gas is being imported amid disruptions due to the Iran war. "Prices of commercial LPG cylinders, used by industries and hotels, are deregulated, market determined and revised normally on a monthly basis. Their consumption i ...Read More >
New Delhi, April 1: The Ministry of Petroleum and Natural Gas clarified on Wednesday that only the price of commercial LPG have been increased in the country, while that of domestic LPG has been left unchanged to protect households from the sharp rise in the cost at which the cooking gas is being imported amid disruptions due to the Iran war. "Prices of commercial LPG cylinders, used by industries and hotels, are deregulated, market determined and revised normally on a monthly basis. Their cons ...Read More >
New Delhi [India], April 1 (ANI): Shiv Sena (UBT) leader Priyanka Chaturvedi on Wednesday criticised the Centre over the recent increase in commercial LPG cylinder prices, stating that the burden of the hike will ultimately fall on the public and contribute to rising inflation. Speaking to ANI, Chaturvedi highlighted that the decision would impact small business owners, and questioned that when the oil was bought at a lower price, the common people didn't get its benefit; however, as soon as it ...Read More >
New Delhi, Apr 1 (PTI) ATF or jet fuel prices more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, but state-owned oil companies passed on only a fraction of the increase to domestic airlines, adopting a calibrated approach to dealing with the war-linked surge in global oil prices. Aviation turbine fuel (ATF) price was increased by 8.5 per to Rs 104,927.18 per kl for domestic airlines, according to state-owned oil firms. ATF price for domestic airlines in Delhi was hiked by R ...Read More >
New Delhi [India], April 1 (ANI): Aviation companies have welcomed the government's decision to allow only a partial increase in Aviation Turbine Fuel (ATF) prices, saying the move will help maintain stability in airfares and provide relief to both airlines and passengers amid rising global uncertainties. In an official statement, IndiGo expressed gratitude to the government, stating, "We would like to thank the Hon'ble Prime Minister for such a significant step for all of us. We would also lik ...Read More >
New Delhi [India], April 1 (ANI): Aviation companies have welcomed the government's decision to allow only a partial increase in Aviation Turbine Fuel (ATF) prices, saying the move will help maintain stability in airfares and provide relief to both airlines and passengers amid rising global uncertainties. In an official statement, IndiGo expressed gratitude to the government, stating, "We would like to thank the Hon'ble Prime Minister for such a significant step for all of us. We would also lik ...Read More >
New Delhi, Apr 1 (PTI) IndiGo on Wednesday said the partial hike in ATF price will help insulate the domestic air travel costs amid the rise in fuel costs due to the Middle East conflict. In a statement, the airline said, "it was reviewing the impact of this revised ATF price on April 1 on its operating cost and will appropriately announce its revised fuel charges shortly." PSU oil marketing companies, under the Ministry of Petroleum in consultation with the Ministry of Civil Aviation, decided ...Read More >
India today (1 April) increased the prices of commercial LPG and jet fuel on the back of a surge in global oil prices linked to the West Asia conflict. The price of a 19-kg commercial LPG cylinder has been hiked by Rs 195.50, and it now costs Rs 2,078.50 in Delhi, according to state-owned oil companies. This is the second time that rates of commercial LPG, which are used mostly by restaurants, roadside dhabas and small hotels, were hiked in a month. The last increase came on 1 March when it we ...Read More >
New Delhi (IANS): The government announced on Wednesday that domestic airfares should remain stable. Officials cushioned the impact of surging aviation turbine fuel (ATF) prices by allowing domestic airlines only a partial price increase. The Ministry of Petroleum and Natural Gas (MoPNG) noted that India has deregulated ATF prices since 2001, revising them monthly based on international benchmarks. Current geopolitical tensions threatened to drive domestic ATF prices up by more than 100 percent ...Read More >
Amid rising fuel prices due to the Middle East war, Civil Aviation Minister Ram Mohan Naidu has appealed to state governments to reduce the Value Added Tax (VAT) on Aviation Turbine Fuel (ATF). Sources told India Today that Naidu has reached out to state Chief Ministers, urging them to reduce the tax burden and provide relief to airlines as well as passengers. His outreach comes just before ATF prices will be revised on April 1, which will lead to a spike in airfares. "States such as Delhi hav ...Read More >
New Delhi, April 1 (SocialNews.XYZ) The government on Wednesday said that domestic airfares are unlikely to see a sharp rise as it has cushioned the impact of a steep surge in aviation turbine fuel (ATF) prices by allowing only a partial increase for domestic airlines. According to the Ministry of Petroleum and Natural Gas (MoPNG), ATF prices in India -- deregulated since 2001 -- are revised monthly based on international benchmarks. Given the current geopolitical situation, ATF prices for dome ...Read More >
New Delhi: In a move to shield domestic air travel from a sharp global fuel shock, the government has capped the increase in Aviation Turbine Fuel (ATF) prices for domestic airlines at 25%, despite international benchmarks संकेत a potential surge of over 100%. The Ministry of Petroleum and Natural Gas said the decision comes amid an "extraordinary situation in global energy markets," triggered by the closure of the Strait of Hormuz. To prevent a steep rise in airfares, public sector oil market ...Read More >
New Delhi [India], April 1 (ANI): Civil Aviation Minister Ram Mohan Naidu Kinjarapu on Wednesday welcomed the government's decision to allow only a partial increase in Aviation Turbine Fuel (ATF) prices for domestic airlines, describing it as a timely measure to ease pressure on passengers and the aviation sector. In a post on X, Kinjarapu wrote, "With ATF prices in India--deregulated since 2001 and revised monthly based on international benchmarks, facing extraordinary pressure due to global e ...Read More >
NEW DELHI: The central government issued clarification on jet fuel price hike as it capped the increase in aviation turbine fuel (ATF) prices for domestic airlines to 25% on Wednesday. Citing tensions in the Middle East and closure of the Strait of Hormuz triggered by US-Israeli strike on Iran, the Centre called it "only a partial and staggered increase"."ATF prices in India were deregulated in 2001 and are revised on monthly basis based on a formula of international benchmarks. Due to the closu ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.