Stay updated with the latest oil-refinery news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on oil-refinery topics.
New Delhi, April 3 (SocialNews.XYZ) The expansion of Piped Natural Gas (PNG) has gained momentum with 3.42 lakh connections gasified and 3.7 lakh new registrations have been made since March 2026, the Ministry of Petroleum and Natural Gas said on Friday. States have been advised to facilitate the new PNG connections for both domestic and commercial consumers, a ministry statement said. The government is making all efforts to ensure the availability of petrol, diesel and LPG, and citizens are a ...Read More >
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 >
New Delhi: A US-sanctioned tanker transporting Iranian crude oil has altered course mid-journey from India to China, according to tracking data, injecting uncertainty into a shipment that could have restarted New Delhi's imports after nearly seven years. Built in 2002, the Aframax Ping Shun -- hit by US sanctions in 2025 -- now lists Dongying, China, carrying about 600,000 barrels (6 lakh) of Iranian oil. Kpler records showed Vadinar, Gujarat, as its prior aim earlier this week. Indian refiner ...Read More >
New Delhi: A US-sanctioned oil tanker carrying iranian crude oil Mid-way diversion from India to China, payment-related issues appear to be the main reason for change of declared destination.The Aframax tanker Hirsch, built in 2002 and subject to US sanctions in 2025, had previously targeted Vadinar in Gujarat. If the cargo arrives in India, it would mark the country's first purchase of Iranian crude in nearly seven years.According to ship tracking company Kpler, the ship is now signaling Dongyi ...Read More >
NEW DELHI: A US-sanctioned tanker carrying Iranian crude oil rerouted mid-voyage from India to China, with payment-related issues appearing to be the main reason behind the change in declared destination.The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, had earlier indicated Vadinar in Gujarat as its destination. If the cargo had reached India, it would have marked the country's first Iranian crude purchase in nearly seven years.According to ship-tracking firm Kpler, ...Read More >
New Delhi: A US-sanctioned tanker carrying Iranian crude oil has rerouted mid-voyage from its previously indicated destination of India - where it would have marked the first such shipment in nearly seven years - to China. The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying in China as its destination instead of Vadinar in Gujarat, which it had indicated earlier this week, according to ship-tracking firm Kpler. There is no confirmation that ...Read More >
NEW DELHI: A US-sanctioned tanker carrying Iranian crude oil has altered its course mid-voyage, dropping India as its destination and rerouting to China, in a move that underscores ongoing challenges in resuming oil trade with Iran.The Aframax tanker Ping Shun, which had been signalling Vadinar in Gujarat earlier this week, is now indicating Dongying in China as its destination, according to ship-tracking firm Kpler. The vessel was expected to deliver what would have been India's first Iranian c ...Read More >
New Delhi: A US-sanctioned tanker carrying Iranian crude oil has altered its course mid-voyage, shifting its destination from India -- where it would have marked the first such shipment in nearly seven years -- to China. The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying in China instead of Vadinar in Gujarat, which it had listed earlier this week, according to ship-tracking firm Kpler. There is no confirmation that the destination indicate ...Read More >
NEW DELHI: A US-sanctioned tanker carrying Iranian crude oil has rerouted mid-voyage from its previously indicated destination of India, where it would have marked the first such shipment in nearly seven years to China. The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying in China as its destination instead of Vadinar in Gujarat, which it had indicated earlier this week, according to ship-tracking firm Kpler. There is no confirmation that the ...Read More >
New Delhi, Apr 3 (PTI) A US-sanctioned tanker carrying Iranian crude oil has rerouted mid-voyage from its previously indicated destination of India - where it would have marked the first such shipment in nearly seven years - to China. The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying in China as its destination instead of Vadinar in Gujarat, which it had indicated earlier this week, according to ship-tracking firm Kpler. There is no confir ...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 >
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 >
NEW DELHI: India's oil basket recorded $113.49 a barrel in March, the highest in four years, due to disrupted global supplies amid the conflict in West Asia. In March 2023, the oil basket had reached $112.87 after the Ukraine war broke out, but it slowly eased. The cost of crude for Indian refiners was pegged at $120.84 on April 1, when the Brent crude was hovering around $107 a barrel.The price of the Indian oil basket represents the average of Oman and Dubai for sour grades and Brent (Dated) f ...Read More >
New Delhi [India], April 3 (ANI): Amid the conflict in West Asia and the Gulf region, which has resulted in a fuel crisis in several countries across the world, India on Thursday said that it has received a request from Bangladesh for the supply of diesel, which is currently being examined by the government. Other countries from the neighbourhood, including the Maldives and Sri Lanka, have also approached India. The inputs were shared by the Ministry of External Affairs Spokesperson Randhir Jai ...Read More >
New Delhi: India's LPG imports in March fell more than 40% compared with the previous two months, opening up a significant supply gap despite increased imports from the US and Iran, show ship-tracking data. In a twist, the US and Iran -- the two countries whose conflict has disrupted LPG flows to India -- helped partly plug the shortfall. The US emerged as India's largest supplier of the fuel in March, while Iran resumed shipments after a gap of nearly seven years. Also Read: India attends UK ...Read More >
Defence Minister Rajnath Singh Thursday chaired the second meeting of the Informal Group of Ministers (IGoM), which took stock of a range of issues, including LPG supplies, aviation turbine fuel price hike, and customs duty exemption on 40 critical petrochemical products till June this year. The meeting was attended by Cabinet ministers Nirmala Sitharaman (Finance), Hardeep Singh Puri (Petroleum), Manohar Lal (Power), Jagat Prakash Nadda (Chemical & Fertilisers), S Jaishankar (External Affairs) ...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 >
New Delhi [India], April 3 (ANI): Amid the conflict in West Asia and the Gulf region, which has resulted in a fuel crisis in several countries across the world, India on Thursday said that it has received a request from Bangladesh for the supply of diesel, which is currently being examined by the government. Other countries from the neighbourhood, including the Maldives and Sri Lanka, have also approached India. The inputs were shared by the Ministry of External Affairs Spokesperson Randhir Jai ...Read More >
New Delhi: Export duties levied on diesel and jet fuel won't be applicable to Reliance Industries' special economic zone (SEZ) refinery due to court rulings, a government official said on Thursday. "As per judicial pronouncements on this issue, the special additional excise duty and additional excise duty are not applicable on SEZ refineries," Jainendra Singh Kandhari, Joint Secretary in the finance ministry, told a press conference. Reliance operates two refineries in Gujarat-one catering to ...Read More >
Guwahati (Assam) [India], April 2 (ANI): Union Road Transport and Highways Minister Nitin Gadkari on Thursday assured that there is "no shortage of gas or fuel" in the country amid the escalating West Asia conflict, as the government has adopted various policies to ensure that people do not face any problems. Speaking to ANI, Gadkari admitted to India's reliance on imports to fulfil its energy needs but also highlighted the government's approach of self-reliance by adopting alternative options ...Read More >
New Delhi, April 2 (SocialNews.XYZ) Round-the-clock monitoring and calibrated response must for India to stay prepared and deal with any eventuality amid the evolving West Asia crisis, Defence Minister Rajnath Singh said on Thursday. The second meeting of the Informal Group of Ministers (IGoM), set-up to monitor the evolving situation in West Asia and suggest proactive measures for its minimum impact on India, was held under the chairmanship of Rajnath Singh here. The meeting deliberated upon ...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 >
New Delhi, Apr 2 : Defence Minister Rajnath Singh on Thursday chaired the second meeting of the Informal Group of Ministers (IGoM) to review the evolving situation in West Asia, stressing the need for round-the-clock monitoring and a calibrated response to minimise its impact on India. The meeting, held at Kartavya Bhawan in the national capital, was attended by key ministers including Nirmala Sitharaman, S Jaishankar, Hardeep Singh Puri, Jagat Prakash Nadda, Manohar Lal Khattar, Prahlad Joshi, ...Read More >
New Delhi: Commerce and Industry Minister Piyush Goyal Thursday said the government is preparing a fresh set of measures to help Indian exporters navigate disruptions in global trade caused by the ongoing conflict in West Asia. He indicated that several decisions are currently under consideration across ministries and are likely to be announced soon. Addressing concerns over the impact of the conflict, Goyal said the war has adversely affected the global economy and trade flows, particularly d ...Read More >
New Delhi [India], April 2 (ANI): Demand for refined sunflower oil in India is expected to decline by around 10 per cent in the current fiscal due to supply chain disruptions and rising prices, according to a report by Crisil Ratings. The report said the decline in volumes will be driven by twin headwinds, disruptions in supply chains due to the ongoing West Asia conflict and higher prices resulting from increased logistics costs. These factors are likely to push consumers towards cheaper alter ...Read More >
New Delhi: More than 55,000 PNG connections have been gasified across 110 geographical areas in the last five days, the government said on Thursday, adding that over 4.3 lakh 5 kg FTL cylinders have been sold since March 23. An additional 10 per cent allocation of commercial LPG has been offered to states/UTs, linked to the transition from LPG to PNG, with further allocations being recommended for reform-oriented states. "At present, eight states/UTs are being provided with this additional all ...Read More >
New Delhi, Apr 2 (PTI) The government has directed oil refineries to divert a portion of the feedstock normally used for producing cooking gas (LPG) to industries affected by the ongoing petrochemical shortage, which spans sectors from packaging to condom manufacturing. The Ministry of Petroleum and Natural Gas, on April 1, directed refineries to allocate a portion of propylene to the petrochemical industry, which has been severely affected, as most feedstock has been diverted for cooking gas ( ...Read More >
New Delhi, Apr 2 (UNI) India has secured crude oil supplies for the next 60 days and maintains adequate inventory levels, with refineries operating at maximum capacity, the government said on Thursday, underlining that there is no shortage of key inputs and no increase in domestic fuel prices despite global volatility. Addressing a media briefing, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said crude availability remains stable and sulphur supplies are sufficie ...Read More >
Mumbai, Apr 2 (PTI) India's refined sunflower oil sales volume is expected to decline about 10 per cent in the current fiscal due to supply-chain disruptions triggered by the Middle East conflict and rising prices that are likely to drive consumers towards cheaper alternatives, a report said on Thursday. Indian refined sunflower oil volume is poised to decline 10 per cent in the current fiscal, due to twin headwinds that will dampen demand, Crisil Ratings said in a report. Firstly, supply-chai ...Read More >
New Delhi [India], April 2 (ANI): Oil marketing companies (OMCs) in India 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, according to the Ministry of Petroleum and Natural Gas. Addressing reporters at an inter-ministerial briefing on Thursday, Sujata Sharma, Joint Secretary in the Ministry, said that OMCs are facing under-recoveries of about Rs 24 per litre on petrol and ...Read More >
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