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Mumbai, 8 April (Argus) -- Indian LNG importers may still need to bid for uncommitted LNG cargoes from the Atlantic despite a ceasefire agreed between the US and Iran. Indian LNG importers are issuing a series of spot LNG tenders this week as global prices softened with weaker demand emerging out of Europe and other parts of Asia, which in turn may lead to shippers diverting their uncommitted Atlantic cargoes to India. Indian state-run refiner IOC has raised a total of two spot LNG tenders for ...Read More >
NEW DELHI: In a bid to provide reprieve to airlines affected by the US-Iran war, the aviation ministry has directed all 34 major airports to reduce landing and parking charges for domestic flights by 25% for three months. Accordingly, Airports Economic Regulatory Authority on Tuesday issued an order directing the operators of airports in Delhi, Mumbai, Bengaluru, Hyderabad and others to do so with immediate effect. With assembly elections in crucial states like Kerala and West Bengal on the hori ...Read More >
The decision comes amid efforts to ensure stable supply of LPG for industries. ShowQuick Read Summary is AI-generated, newsroom-reviewed * The government directed states to allocate more LPG to key industrial sectors amid supply disruptions * Major industries will receive 70% of LPG based on pre-March 2026 consumption levels * Sectors like pharma, food, polymer, and agriculture will benefit from increased LPG supply Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: ...Read More >
New Delhi: To ensure effective last-mile delivery of the increased allocation of LPG cylinders, district magistrates have been directed to organise special camps in areas with a high concentration of migrant labourers, Delhi govt said on Wednesday.Those who find it difficult to procure such cylinders can approach the DM's office. The special camps will complement the existing distribution network operated by oil marketing companies (OMCs) through authorised LPG distributors, govt said.In a signi ...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 >
New Delhi: India ranks third globally in renewable energy installed capacity, having surpassed Brazil in global rankings, Union minister Pralhad Joshi said on Wednesday.The minister for new and renewable energy said India had added a record 55.3 GW of non-fossil power capacity in 2025-26, taking the total to 283.5 GW. "This is the highest increase in any year," he said. Distributed renewable energy -- rooftop solar installations and solar pumps for irrigation -- has emerged as a significant comp ...Read More >
DHAKA/NEW DELHI - Bangladesh on April 8 sought to increase fuel purchases from India, as foreign minister Khalilur Rahman made the new government's first ministerial visit to New Delhi, a further sign that strained relations between the two countries may be easing. During his two-day trip, Mr Rahman held talks with India's External Affairs Minister, Mr S. Jaishankar, and Petroleum and Natural Gas Minister Hardeep Singh Puri, including on energy cooperation. Mr Rahman thanked India for recent d ...Read More >
Mumbai: The ministry of petroleum and natural gas on Wednesday identified 18 vessels trapped in war-torn Persian Gulf for speedy evacuation. According to the report submitted by directorate of shipping in Mumbai, five of these 18 vessels are Indian-flagged. These 18 vessels include four LPG carriers, three LNG carriers and 11 crude oil tankers. As per the report the ministry of ports, shipping & waterways (MoPSW), directorate of naval operations (DNO), the ministry of petroleum and natural gas ...Read More >
New Delhi [India], April 8 (ANI): Union Minister for Petroleum and Natural Gas Hardeep Singh Puri met Bangladesh Foreign Minister Khalilur Rahman on Wednesday to discuss enhancing energy ties between the two nations, following the visiting dignitary's high-level talks with External Affairs Minister S Jaishankar earlier in the day. In a post on X, Puri noted the high-level participation from the Bangladeshi delegation during the meeting held in the national capital. "Pleased to receive the Fore ...Read More >
Mumbai: The Ministry of Civil Aviation (MoCA) announced a 25% reduction in landing and parking charges for domestic operations of Indian carriers for three months to stabilise the domestic aviation sector against volatile global markets. The relief measure comes as a strategic intervention to maintain affordable air travel amid the ongoing West Asia crisis, which has led to a sharp rise in aviation turbine fuel (ATF) costs. ATF Prices Skyrocketed Over 100% in April; Government Capped Hike at 25 ...Read More >
New Delhi [India], April 8 (ANI): Bangladesh Foreign Minister Khalilur Rahman met External Affairs Minister S Jaishankar in New Delhi on Wednesday. He also met Union Minister for Petroleum and Natural Gas Hardeep Singh Puri in the national capital. Also Read | Heavy Rains Cause Flooding and Power Outages in the Dominican Republic. Prime Minister's Advisor for Foreign Affairs Humaiun Kobir and Bangladesh High Commissioner to India Riaz Hamidullah were present at these meetings. They also held ...Read More >
New Delhi, April 8: LPG supply across the country remains smooth with adequate stock available, and efforts are being made round-the-clock to ensure uninterrupted availability of cylinders for households, Indian Oil Corporation Limited said on Wednesday. In a post on social media platform X, the country's largest oil marketing company urged consumers to remain calm and avoid unnecessary bookings, assuring that sufficient cylinders are readily accessible and distribution systems are functioning e ...Read More >
New Delhi [India], April 8 (ANI): Bangladesh Foreign Minister Khalilur Rahman met External Affairs Minister S Jaishankar in New Delhi on Wednesday. He also met Union Minister for Petroleum and Natural Gas Hardeep Singh Puri in the national capital. Prime Minister's Advisor for Foreign Affairs Humaiun Kobir and Bangladesh High Commissioner to India Riaz Hamidullah were present at these meetings. They also held a meeting with National Security Adviser Ajit Doval last evening following arrival i ...Read More >
Chennai: In a major trend reversal in price movements on the two-week ceasefire announcement, crude prices crashed 15 per cent and natural gas prices fell 3 per cent, while gold and silver rose by 2-4 per cent. Platinum and copper, too, gained from the development, while prices of some of the agricultural commodities like wheat and soyabean eased. Dollar index edged lower, and rupee made some gains. WTI crude plunged over 15% to below $95 per barrel after US President Donald Trump announced a t ...Read More >
Bhubaneswar: Students and migrant labourers in Odisha can now easily obtain 5 kg LPG cylinders and refills by producing a valid identity proof, Food Supplies and Consumer Welfare Minister Krushna Chandra Patra has stated. The facility is being provided under the Centre's Free Trade LPG (FTL) scheme, aimed at supporting vulnerable groups such as students living in hostels or rented accommodations and migrant workers who often lack a regular domestic LPG connection or address proof. According to ...Read More >
New Delhi [India], April 8 (ANI): The Ministry of Petroleum, in a press conference on Wednesday, said that there is sufficient availability of Liquefied Petroleum Gas and other fuels such as petrol and diesel despite tensions in West Asia, and the government has ensured consistent supply throughout the crisis by prioritising domestic consumers for the supply of LPG. During the inter-ministerial briefing, Sujata Sharma, General Secretary, Ministry of Petroleum and Natural Gas, added that commerc ...Read More >
Mumbai, Apr 8 (PTI) The rupee appreciated 52 paise to close at 92.54 against the US dollar on Wednesday after US President Donald Trump announced the suspension of military strikes against Iran for two weeks, and the Reserve Bank kept the key benchmark rate unchanged with a neutral stance. Forex traders said investor sentiment got a boost after Governor Sanjay Malhotra assured that the steps taken on forex do not constitute a structural change. Moreover, confidence was exuded in the health of ...Read More >
Chennai: The announcement of a ceasefire in Iran has reversed trends in the commodity and currency markets. While gold, silver, platinum and copper have moved up, crude oil and natural gas prices have declined. The US dollar has weakened, and the rupee has made some gains. However, the reversal in commodity prices remains uncertain as the ceasefire and broader peace in West Asia lack clarity, says Jateen Trivedi, VP, Commodities and Currencies, LKP Securities. Q) The ceasefire announcement has ...Read More >
New Delhi, Apr 8 (PTI) India on Wednesday welcomed the two-week ceasefire between the US and Iran and called for unimpeded freedom of navigation and flow of commerce through the Strait of Hormuz, while hoping that lasting peace will return to West Asia. New Delhi said it continuously advocated that dialogue and diplomacy are essential to bring an early end to the hostilities. The conflict was triggered by US-Israeli strikes against Iran on February 28. India's reaction came hours after Iran an ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Centre on Wednesday announced that increase in the commercial LPG limit to 70 per cent of the pre-March 2026 bulk consumption level will be extended to industrial units in the pharma, food, polymer, agriculture, packaging, paint, uranium, heavy water, steel, seed, metal, ceramic, foundry, forging, glass, and aerosol sectors. The increase will be subject to an overall sectoral limit of 0.2 thousand metric tonnes per day. Besides, conditions regarding regi ...Read More >
New Delhi, Apr 8 (PTI) The war in West Asia is aiding demand for luxury electric vehicles driven by concerns over fuel prices among customers, BMW Group India President and CEO Hardeep Singh Brar said on Wednesday. The German luxury carmaker has increased its EV sales in India to 26 per cent of its overall sales in the first quarter of 2026 as compared to 21 per cent in the year-ago period, Brar told PTI. BMW Group India posted its highest-ever Q1 car sales, with 4,567 units in the first quart ...Read More >
Bengaluru: The Karnataka government on Wednesday clarified that there is no shortage of auto LPG in the state. The government has also further appealed to auto owners and drivers not to panic or believe in rumours, assuring them that there is adequate supply in the system. In a statement, the Food, Civil Supplies and Consumers' Affairs department stated that auto drivers across the state have reported hardship due to irregular availability of gas, with many spending hours at bunk stations inste ...Read More >
President Donald Trump announced the U.S. reached a ceasefire with Iran for two weeks, just hours ahead of a deadline Trump imposed. April 8 (Reuters) - U.S. stock index futures climbed on Wednesday as investors breathed a sigh of relief after the U.S. and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through the Strait of Hormuz could resume. The announcementcame less than two hours before U.S. President Donald Trump's deadline, in a shar ...Read More >
Gurugram (Haryana) [India], April 8 (ANI): After tensions in West Asia rattled global oil markets, India's luxury carmakers are seeing an unexpected beneficiary, electric vehicles. Also Read | Sanju Samson Gifts New Smartphone Worth INR 40,000 to Fan After Noticing Broken Screen on His Old Mobile. BMW Group India says the ongoing geopolitical turmoil is driving a measurable shift in buyer sentiment towards EVs, and the numbers are backing it up. BMW Group India posted its highest-ever first-q ...Read More >
NEW DELHI: India on Wednesday welcomed a two-week ceasefire between the US and Iran and called for "de-escalation, dialogue and diplomacy" to ensure lasting peace in West Asia. New Delhi also expected unimpeded freedom of navigation and global flow of commerce through the Strait of Hormuz, the strategically key waterway between the Persian Gulf and the Gulf of Oman that handles roughly 20 per cent of global oil and LNG (Liquefied Natural Gas). "We welcome the ceasefire reached and hope that it ...Read More >
New Delhi, Apr 8 (PTI) Shares of oil marketing companies rallied on Wednesday, with HPCL surging nearly 10 per cent, as crude oil prices retreated sharply to fall below the USD 100-mark after the US and Iran announced a two-week ceasefire. Brent crude, the global oil benchmark, dropped 15.16 per cent to USD 92.54 per barrel. The stock of Hindustan Petroleum Corporation Ltd (HPCL) zoomed 9.93 per cent to settle at Rs 364.30 on the BSE. Shares of Bharat Petroleum Corporation Ltd (BPCL) jumped 7 ...Read More >
Jaipur: Prime Minister Narendra Modi will visit Rajasthan on April 21 to inaugurate a refinery at Pachpadra in Barmer district, Chief Minister Bhajanlal Sharma has announced. "It is a matter of pride that the prime minister will visit Rajasthan to inaugurate the Pachpadra refinery," Chief Minister Bhananlal Sharma said on X late Tuesday night. The Greenfield Refinery-cum-Petrochemical Complex at Barmer was set up by HPCL Rajasthan Refinery Limited, which is a joint venture between the Hindusta ...Read More >
New Delhi, Apr 8: Gold prices jumped Rs 3,007 to Rs 1.53 lakh per 10 grams in futures trade on Wednesday due to increased buying on the back of a weak US dollar and relief sentiment after Washington and Tehran agreed to a two-week ceasefire. On the Multi Commodity Exchange, the yellow metal for June delivery appreciated by Rs 3,007, or 2 per cent, to Rs 1,53,296 per 10 grams. Weak dollar and ceasefire boost sentiment Gold prices were supported by a weaker US dollar after President Trump announ ...Read More >
Dehradun: The state government has stepped up preparations for the upcoming Char Dham Yatra. Chief Minister Pushkar Singh Dhami chaired a high-level meeting at the Secretariat to review arrangements and directed officials to ensure that pilgrims face no inconvenience during the sacred journey. CM Dhami emphasized that the Char Dham Yatra is not only a matter of faith but also a vital pillar of Uttarakhand's economy and tourism. He assured that there will be no shortage of cooking gas cylinders ...Read More >
Jaipur, Apr 8 (PTI) Prime Minister Narendra Modi will inaugurate the HPCL-Rajasthan refinery at Pachpadra on April 21 -- a project that is expected to redefine the economy of western Rajasthan and emerge one of the country's largest integrated refinery-cum-petrochemical complexes. The inauguration of the refinery marks the culmination of a project whose journey has stretched over a decade and multiple governments. The 9 MMTPA project, whose cost has now more than doubled to around Rs 80,000 cr ...Read More >
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