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 [India], April 2 (ANI): Union Commerce and Industry Minister Piyush Goyal on Thursday asserted that India is pushing for "preferential access" and the "best possible deal" in its ongoing trade engagement with the United States, underlining that the country is currently in a "very sweet spot" among emerging economies. "Our approach is that India should get preferential access, market access and, having got the best deal compared to any of our competitors or any other emerging or develo ...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 >
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 (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 >
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 >
The temporary easing of U.S. sanctions on Russian crude has rapidly redrawn global oil flows, with India stepping back in as the dominant buyer of previously distressed barrels. Even as overall imports are about to ease seasonally, Russian volumes into Asia are surging -- tightening the market and pushing Urals to a rare $8/bbl premium over Brent. Washington's March 12 decision to allow sales of oil already loaded onto tankers had an immediate impact. Almost all of Russia's floating storage was ...Read More >
Jaipur is a city of contrasts. Smooth arterial roads open into fast-moving stretches on the outskirts, only to funnel back into dense, chaotic inner streets where patience is as important as precision. It is in this constantly shifting environment that the updated Skoda Kushaq 1.0 TSI automatic begins to make real sense. What Skoda has done here is not a headline-grabbing overhaul -- it is something far more intelligent. They have taken a fundamentally strong product and quietly addressed the a ...Read More >
Bagalkot (Karnataka) [India], April 1 (ANI): Congress leader Randeep Singh Surjewala on Wednesday slammed the Modi government over hike in price of commercial LPG cylinders and said it will impose a huge burden on people. "Today, from April 1, the Modi government has imposed a huge burden on dhaba operators, ready-mix operators, restaurants, hotels, sweet makers, confectioners, dosa and idli makers. They have increased the price of a Rs 200 commercial gas cylinder," Surjewala told reporters. " ...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 >
Chennai: The government has allowed Special Economic Zone units to sell in the domestic market at lower customs duties for one year, till March 2027. This offers some relief to exporters during disrupted global trade. The one-time concession is available from Wednesday, April 1. The concessions on customs duty include basic customs duty, Agriculture and Infrastructure Development Cess, and health cess. The concession ranges from 1 per cent to 20 per cent. For goods charged 7.5 per cent and 10 ...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 >
Bhubaneswar: Vedanta Aluminium on Wednesday reaffirmed its long-term commitment to Odisha on the occasion of Utkal Dibas. With planned investments of Rs 1.8 lakh crore in the pipeline and over Rs 1 lakh crore already invested, the company said it has has generated more than 5 lakh employment opportunities to date. Vedanta's Odisha operations including aluminium, power, iron ore, and related businesses, contribute over Rs 9,000 crore annually to the exchequer and account for approximately ~3% of ...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 (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): 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 >
Niger Delta leaders under the auspices of the Niger Delta Watchdog (NDW) have advised the federal government to disregard the agitations in some quarters to decentralise the pipeline security contract handled by the Tantita Security Services Limited (TSSL), saying it will pose danger to peace, security and economic stability of the country. The leaders, in a communique they issued after their meeting in Port Harcourt, Rivers State, insisted that any attempt to alter the mode of the contract wou ...Read More >
The Australia Today -India's surge in refined diesel exports is emerging as an important pressure valve for Australia's fuel market, helping keep regional supply moving at a time when diesel shortages and price shocks have rattled service stations across the country. Shipping data reported by Reuters shows India's diesel exports to Southeast Asia climbed to a more than seven-year high in March, with traders specifically tapping Indian supply for Southeast Asia and Australia after the war-linked ...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 >
SMPL New Delhi [India], April 1: In 2017, while most professionals pursued corporate stability and rising paychecks, Rajesh Aggarwal made a bold and unconventional choice. At the peak of a successful career with Google, earning over ₹5 lakh per month, he stepped away from financial security to build something of his own. Today, that decision stands validated. The company he co-founded, Aasaan ERP, has grown into one of the fastest-emerging ERP platforms, crossing ₹100 crore in revenue and expa ...Read More >
India raised aviation turbine fuel (ATF) prices for domestic scheduled carriers across metros from April 1. The government said ATF prices were expected to surge over 100% due to global disruptions, but OMCs passed on only a 25% staggered hike to domestic airlines to limit the impact on fares, while non-scheduled operators and charters bear the full increase.The price of aviation turbine fuel (ATF) for domestic scheduled airlines has been increased across metro cities effective April 1, though t ...Read More >
Guwahati, April 1: Despite attempts by refiners and marketing companies to streamline LPG supply amid the West Asia situation, a crisis-like situation persisted in Assam due to black marketing and leakages in the distribution network, forcing many roadside food stalls to shut down and restaurants to curtail their menus and scale back operating hours. Many restaurants are turning to electric cooking equipment, diesel-fired bhattis, and even firewood as alternatives. However, this transition has ...Read More >
New Delhi: As geopolitical tensions escalate between the United States, Israel, and Iran, the blockade of the Strait of Hormuz is sending shockwaves through the aviation industry. Air travelers now face a massive surge in ticket prices as jet fuel costs have more than doubled for April, leaving the global economy reeling from the fallout of the Iran conflict. Oil PSUs on Wednesday announced that Aviation Turbine Fuel (ATF) prices have been revised upward in major metro cities from April 1, 2026 ...Read More >
New Delhi [India], April 1 (ANI): India should definitely look for a geographical diversification for gas to mitigate the risks posed by ongoing geopolitical tensions in the Middle East, according to Sandeep Jain, Former Executive Director (Gas) at Indian Oil Corporation Ltd. (IOCL). Speaking to ANI, Jain emphasized that India needs to consider all options, including "Russian-sanctioned LNG" that is currently available. He argued that the high cost of current imports could lead to "demand destr ...Read More >
New Delhi [India], April 1 (ANI): The prices of LPG cylinders have been revised upward with effect from April 1, with commercial and smaller cylinders witnessing a significant increase across key cities. In Delhi, the price of a 19 kg commercial LPG cylinder has been increased to Rs 2,078.50, marking a rise of Rs 195.50. Meanwhile, the 5 kg FTL cylinder is now priced at Rs 549 per refill, reflecting an increase of Rs 51, sources said. Also Read | Dantewada Declared Naxal-Free After 40 Years: ' ...Read More >
New Delhi [India], April 1 (ANI): India should definitely look for a geographical diversification for gas to mitigate the risks posed by ongoing geopolitical tensions in the Middle East, according to Sandeep Jain, Former Executive Director (Gas) at Indian Oil Corporation Ltd. (IOCL). Speaking to ANI, Jain emphasized that India needs to consider all options, including "Russian-sanctioned LNG" that is currently available. He argued that the high cost of current imports could lead to "demand destr ...Read More >
New Delhi [India], April 1 (ANI): The prices of LPG cylinders have been revised upward with effect from April 1, with commercial and smaller cylinders witnessing a significant increase across key cities. In Delhi, the price of a 19 kg commercial LPG cylinder has been increased to Rs 2,078.50, marking a rise of Rs 195.50. Meanwhile, the 5 kg FTL cylinder is now priced at Rs 549 per refill, reflecting an increase of Rs 51, sources said. In Kolkata, the price of a 19 kg commercial LPG cylinder ha ...Read More >
SINGAPORE: India's diesel exports to South-East Asia surged to the highest in more than seven years in March, shipping data showed, as traders pivoted supply to cover short positions and refiners cashed in on higher profits in Asia caused by the US-Israeli conflict with Iran. The surge in exports could boost spot sale margins for Indian refiners who have purchased large volumes of prompt Russian crude to replace Middle East supply disrupted by the conflict. About one million metric tonnes (7.4 ...Read More >
Delhi power minister Ashish Sood on Monday directed officials to accelerate the expansion of piped natural gas (PNG) connections in the national capital and conduct an intensive door-to-door campaign to encourage residents to adopt PNG, amid the West Asia crisis. Sood said directions were issued to expand PNG coverage across the city in the next quarter. He chaired a high-level meeting to review PNG expansion in Delhi. Senior officials from IGL, the Urban Development Department, the Municipal ...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.