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New Delhi: India's petroleum sector remains resilient despite ongoing geopolitical tensions impacting global energy supply chains, with the government asserting that domestic LPG and fuel availability remains stable and well-managed. Addressing a press briefing on Thursday, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said that while international disruptions have affected imports, the government has taken proactive steps to shield domestic consumers. "Nearly 60 ...Read More >
NEW DELHI: Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted. Brent crude futures were up $1.96, or 2.07 percent, at $96.71 a barrel at 06:25 a.m. Saudi time, while US West Texas Intermediate crude rose $2.60, or 2.75 percent, to $97.01 a barrel. However, analysts said market participants are hesitant to fully unwind pricing for geopolitical risk, and there is no clar ...Read More >
GREATER NOIDA:Multiple domestic cylinders and equipment used for unauthorised gas transfer were seized in Greater Noida late Monday as a joint team of the supply department and police busted an illegal liquefied petroleum gas (LPG) refilling operation in Dadri, said officials on Tuesday, adding that one person has been arrested in the case. The raid was conducted at a house in Tulsi Vihar colony near Natthu Chowk, they said. "The accused was found engaged in unauthorised transfer of LPG from d ...Read More >
A large share of LPG-run autorickshaws has been forced off the roads as drivers struggle to access fuel. In contrast, CNG-operated autos have continued to function, becoming the primary option for many passengers during the disruption. The shortage intensified late last week when one of the few functioning LPG outlets in central Bengaluru ran out of stock, with officials indicating that replenishment would not be immediate. Drivers described a system driven by uncertainty, where information abo ...Read More >
BHUBANESWAR: Food Supplies and Consumer Welfare minister Krushna Chandra Patra on Wednesday announced that five kg LPG cylinders will now be made widely available at petrol pumps across the state to address recent confusion over their distribution. The minister said the small cylinders will be supplied under the Centre's Free Trade LPG (FTL) scheme and can be obtained by consumers upon showing a valid identity card. "The confusion regarding five kg LPG cylinders has been resolved. These cylind ...Read More >
NEW DELHI, April 9 : Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted. Brent crude futures were up $1.96, or 2.07 per cent, at $96.71 a barrel at 0325 GMT, while U.S. West Texas Intermediate (WTI) crude rose $2.60, or 2.75 per cent, to $97.01 a barrel. Both benchmark prices fell below $100 per barrel in the previous trading session, with WTI recording its biggest dec ...Read More >
BENGALURU: The state government on Wednesday urged the public not to pay heed to rumours about auto LPG shortage, clarifying that sufficient supplies are being maintained across the state through public sector oil companies. The food, civil supplies and consumer affairs department on Wednesday issued a statement, saying that some reports about auto drivers queuing up at fuel stations due to a shortage are "false and misleading." It highlighted that there is a temporary shortfall from private a ...Read More >
Lucknow: In a bid to bail out the wedding season from a looming gas crisis, the district administration has introduced measures to manage the rising demand for commercial LPG cylinders. During the period starting April 14, families and caterers must follow a formal application process to secure gas supplies. Under the new guidelines, those requiring LPG cylinders for wedding-related events must submit an application along with a copy of the marriage invitation card. This step is intended to ver ...Read More >
Bhubaneswar: Amid the ongoing chaos and confusion, Food Supplies and Consumer Welfare Minister Krushna Chandra Patra today clarified that students and migrant labourers can now obtain 5 kg LPG cylinders and refill them at fuel stations by producing a valid identity proof. The Minister informed that there is ample supply of LPG cylinders in the state and now the 5 kg gas cylinders will be available at petrol pumps along with camps. This facility will be available under the Centre's Free Trade LP ...Read More >
Bengaluru, Apr 8 (PTI) Karnataka government on Wednesday urged auto drivers, owners, and the public not to pay attention to any rumours regarding the shortage of auto gas. It stated that some private auto gas supply companies are experiencing a shortage; to remedy this, state-owned oil companies are supplying higher quantities of gas. "It has been noticed that some media outlets have published false reports that auto owners and drivers are standing in queues in front of auto gas stations in th ...Read More >
Mumbai: The Indian rupee climbed Tuesday, advancing for three days on the trot, to close at 92.98/$, reflecting the anticipated impact of unwinding of lenders' positions in the overseas forwards markets ahead of a regulatory deadline that aimed to provide support for a unit that lost the most in 14 years last fiscal. The rupee advanced 9 paise from its previous close of 93.07/$. It traded Tuesday in a narrow range as dealers remained on edge about the US deadline to reach a deal with Iran. The ...Read More >
Bhopal, April 7 (SocialNews.XYZ) The Cabinet Committee of Madhya Pradesh, constituted to assess the impact of global developments and the evolving situation in West Asia, reviewed the availability and supply status of key petroleum products, including petrol, diesel, liquefied petroleum gas (LPG), compressed natural gas (CNG), and piped natural gas (PNG) on Tuesday. During the review meeting, officials were instructed to ensure the adequate availability of commercial LPG cylinders at both distr ...Read More >
New Delhi, April 7 (SocialNews.XYZ) The Centre announced on Tuesday that it has doubled the daily quantity of 5 kg LPG cylinders being provided to each state for disbursal to migrant labourers. "The supply of 5 kg LPG cylinders is being doubled based on the average daily supply to migrant labourers during March 2-3, 2026, beyond the limit of 20 per cent mentioned in the letter dated March 21. These 5 kg cylinders will be at the disposal of the state government for supplying only to migrant labo ...Read More >
DEHRADUN: Amid rising global geopolitical uncertainty following recent tensions in West Asia, officials have urged citizens in Uttarakhand to avoid panic-booking of LPG cylinders. Addressing concerns over supply chain disruptions, the state-level coordinator for the oil industry and Divisional Retail Sales Head of Indian Oil Corporation Ltd (IOCL), Krishna Kumar Gupta, reassured residents that fuel supplies remain stable and sufficient. During a press briefing held at the Press Information Bur ...Read More >
Mumbai: The rupee marginally climbed Monday after a session of range-bound trading in which dollar sales through unwinding of arbitrage positions by lenders ahead of the regulator-set April 10 deadline was met with demand for the US currency from importers and oil companies. The rupee ended Monday at 93.06/$, versus its Thursday close of 93.10/$. The rupee traded in the 92.80/$ to 93.10/$ range Monday amid unwinding of arbitrage trades by banks. "At these levels, dollar demand surged after oil ...Read More >
Dehradun (Uttarakhand) [India], April 6 (ANI): Chief Secretary Anand Bardhan on Monday held a meeting with all District Magistrates and representatives of oil companies to review the supply of domestic and commercial LPG in the state, keeping in view the current global scenario and the upcoming Char Dham Yatra and tourism season. During the meeting, the Chief Secretary issued clear instructions to ensure an uninterrupted supply of commercial LPG cylinders during the Char Dham Yatra so that hote ...Read More >
Dehradun (Uttarakhand) [India], April 6 (ANI): Chief Secretary Anand Bardhan on Monday held a meeting with all District Magistrates and representatives of oil companies to review the supply of domestic and commercial LPG in the state, keeping in view the current global scenario and the upcoming Char Dham Yatra and tourism season. During the meeting, the Chief Secretary issued clear instructions to ensure an uninterrupted supply of commercial LPG cylinders during the Char Dham Yatra so that hote ...Read More >
Bhopal, Apr 6 (PTI) Public sector oil marketing companies (OMCs) on Monday said they are maintaining steady and adequate supplies of LPG and automotive fuel in Madhya Pradesh despite the ongoing war in West Asia and allayed fears of shortages. Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) asserted domestic LPG supplies have been prioritised and cylinder deliveries continue as normal. IOCL Chief General Manager and its ...Read More >
Guwahati (Assam) [India], April 6 (ANI): Amid the ongoing conflict in West Asia, Indian Oil Corporation Limited chairman A S Sahney visited Guwahati to review the ground-level LPG supply situation and assess service delivery. During his visit, Sahney interacted with LPG distributors, customers and field teams to evaluate stock preparedness, safety practices and overall operational efficiency. Also Read | Karnataka High Court Refuses to Quash FIR Against Bengaluru Airport Staffer in South Korea ...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, 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 >
[MUMBAI] The Reserve Bank of India's (RBI) tightening of foreign exchange (FX) rules will help shield the rupee from pressures emanating from offshore markets, but traders may continue drawing pricing signals from those markets, a senior Axis Bank official said. A 4.5 per cent fall in the Indian rupee since the breakout of the Iran war has prompted the central bank to impose a cap on banks' net open FX positions in the onshore markets in late March. The RBI also barred lenders from offering no ...Read More >
Bengaluru: Karnataka Minister K H Muniyappa on Monday said that he will call a meeting on April 10 aimed at resolving the Auto LPG supply issue in the state. He also said that private oil companies had hiked LPG prices for vehicles, leading to long queues at public sector stations. Bengaluru and several other places in the state are witnessing disruption in auto services, hit by a shortage of Auto LPG. Long queues of autos are seen outside fuel stations at many places.On Monday, the minister me ...Read More >
India's Reserve Bank of India (RBI) is widely expected to maintain its benchmark repo rate at 5.25% this Wednesday, as policymakers carefully monitor the economic ripple effects of the ongoing Iran war. The conflict has triggered a severe energy shock, driving the Indian rupee to record lows beyond 95 per U.S. dollar and pushing 10-year government bond yields to nearly 7.14% -- their highest point in almost two years. After delivering 125 basis points in cumulative rate cuts throughout 2025, th ...Read More >
New Delhi: Crude oil prices rose again on Monday, April 6, as tensions between the US, Israel, and Iran increased. This conflict is affecting oil supply from West Asia, which is one of the world's biggest oil-producing regions. Any disruption here quickly impacts global prices. Current Price Levels In the international market, Brent crude prices jumped 1.6% to cross USD 110 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude was seen trading near USD 112 per barrel. Last week also sa ...Read More >
Mumbai, Apr 6 (PTI) The Congress on Monday hit out at the Shiv Sena (UBT) over the latter's accusation that the grand old party was using regional outfits as "crutches", and not treating them as "equal stakeholders" in the Opposition alliance. Maharashtra Congress spokesperson Sachin Sawant criticised the editorial in the Sena (UBT) mouthpiece 'Saamana', alleging that the newspaper's executive editor, MP Sanjay Raut, appears confused on several occasions between his roles as a politician and jo ...Read More >
MUMBAI, April 6 (Reuters) - The Reserve Bank of India's tightening of foreign exchange rules will help shield the rupee from pressures emanating from offshore markets, but traders may continue drawing pricing signals from those markets, a senior Axis Bank official said. A 4.5% fall in the Indian rupee since the breakout of the Iran war prompted the central bank to impose a cap on banks' net open FX positions in the onshore markets in late March. The RBI also barred lenders from offering non-de ...Read More >
New Delhi: Nearly eight lakh new piped gas consumers have joined the fold over the past month amid a drive by the govt and gas companies to push its use and reduce dependence on cooking gas cylinders, a top official said Sunday."We have managed quite well, delivering around 50 lakh cylinders consistently, fully meeting domestic demand and up to 80% of commercial demand. There is no reason for anybody to fear shortages," the official told TOI. Around half the new piped gas connections - to househ ...Read More >
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