Abtak Logo

petroleum News

Stay updated with the latest petroleum news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on petroleum topics.

LatestLY - Business - News Image
soure image
19
BusinessApr 07, 2026 06:47 PM

Business News | Sugar Exports May Be Capped, Surplus Stocks to Be Diverted to Ethanol: Food Secretar...

New Delhi [India], April 7 (ANI): The government may cap sugar exports if the approved quota is not fully utilised, with surplus supplies likely to be diverted towards ethanol or carried forward as stock, Sanjeev Chopra, Secretary, Department of Food and Public Distribution, said today. "If it is not exported, then the export will be capped so that it can be diverted towards Ethanol," Chopra said on the sidelines of the ISMA SugarNXT 2026, adding, "If it is not exported, then it will remain wit ...Read More >

LatestLY - Business - News Image
soure image
18
BusinessApr 07, 2026 06:29 PM

Business News | West Asia Conflict Hits Airline Revenues, Raises Costs, Govt Taking Various Steps to...

New Delhi [India], April 7 (ANI): The ongoing West Asia conflict has put significant pressure on India's aviation sector by impacting airline revenues and increasing operational costs, Civil Aviation Ministry Joint Secretary Asangba Chuba Ao said on Tuesday. Speaking during an inter-ministerial briefing on recent developments in West Asia, Ao said airlines are facing a two-fold challenge due to the crisis, which began over a month ago. Also Read | UCLA's Tiana Sumanasekera Viral Bollywood Rout ...Read More >

NewsDrum - Business - News Image
soure image
6
BusinessApr 07, 2026 06:18 PM

PFBR attaining criticality is step towards achieving energy security: Experts

Mumbai, Apr 7 (PTI) Experts in the nuclear field on Tuesday hailed India's Prototype Fast Breeder Reactor (PFBR) attaining criticality, terming it a crucial step towards achieving energy security, and noted that very few countries have mastered this technology. They also said that the next step should be to make the technology more "robust" and build more Fast Breeder Reactors. India's 500 MW PFBR successfully attained first criticality (start of controlled fission chain reaction) on April 6. ...Read More >

Free Press Journal - Business - News Image
soure image
24
BusinessApr 07, 2026 06:14 PM

India Resumes Venezuela Oil Imports After 11 Months, 10-12 Million Barrels Expected In April

New Delhi: India has decided to import crude oil from Venezuela after a gap of around 11 months. In April, Indian ports are expected to receive about 10 to 12 million barrels of crude oil from the South American country. This comes at a time when global energy markets are facing uncertainty. Move Driven By Supply Concerns The decision comes as tensions in West Asia, especially around the Strait of Hormuz, have disrupted oil supplies. India is now looking at alternative sources to ensure steady ...Read More >

Asian News International (ANI) - Business - News Image
soure image
23
BusinessApr 07, 2026 06:12 PM

Petroleum Ministry to double 5kg FTL cylinder supply for migrant labourers

New Delhi [India], April 7 (ANI): The Ministry of Petroleum & Natural Gas on Tuesday has directed state governments and union territories to double the daily supply of 5kg Free Trade LPG (FTL) cylinders available for migrant labourers. The directive comes after an assessment of average daily supply during March 2-3, 2026, exceeding the 20% limit previously set in a March 21, 2026, communication. In a letter to all Chief Secretaries, Neeraj Mittal, Secretary of the Ministry, emphasised that the ...Read More >

Social News XYZ - Politics - News Image
soure image
9
PoliticsApr 07, 2026 06:06 PM

Congress confident of decisive UDF victory in Kerala amid strong anti-incumbency: Shashi Tharoor (IA...

Thiruvananthapuram, April 7 (SocialNews.XYZ) Senior Congress leader Shashi Tharoor expressed strong confidence in the United Democratic Front's (UDF) prospects in the Kerala elections, projecting a clear victory for the alliance while downplaying the Bharatiya Janata Party's (BJP) impact in the state. In an extensive interaction with IANS, he also shared his views on Prime Minister Narendra Modi's campaign, governance issues, key national policy debates, and India's diplomatic approach to globa ...Read More >

Social News XYZ - Business - News Image
soure image
19
BusinessApr 07, 2026 06:06 PM

No fuel shortage in Haryana, says Chief Secretary

Chandigarh, April 7 (SocialNews.XYZ) Haryana Chief Secretary Anurag Rastogi on Tuesday chaired a high-level meeting here to review the distribution of LPG cylinders, including 5 kg free trade LPG (FTL) cylinders, and the status of the piped natural gas (PNG) network in the state. At the virtual meeting, the Chief Secretary directed all Deputy Commissioners to ensure last-mile delivery of LPG cylinders, with special attention to rural areas. They were directed to closely monitor the distribution ...Read More >

Asian News International (ANI) - Business - News Image
soure image
38
BusinessApr 07, 2026 06:02 PM

Sugar exports may be capped, surplus stocks to be diverted to Ethanol: Food Secretary

New Delhi [India], April 7 (ANI): The government may cap sugar exports if the approved quota is not fully utilised, with surplus supplies likely to be diverted towards ethanol or carried forward as stock, Sanjeev Chopra, Secretary, Department of Food and Public Distribution, said today. "If it is not exported, then the export will be capped so that it can be diverted towards Ethanol," Chopra said on the sidelines of the ISMA SugarNXT 2026, adding, "If it is not exported, then it will remain wit ...Read More >

Asian News International (ANI) - Business - News Image
soure image
26
BusinessApr 07, 2026 05:51 PM

West Asia conflict hits airline revenues, raises costs, govt taking various steps to stabilise secto...

New Delhi [India], April 7 (ANI): The ongoing West Asia conflict has put significant pressure on India's aviation sector by impacting airline revenues and increasing operational costs, Civil Aviation Ministry Joint Secretary Asangba Chuba Ao said on Tuesday. Speaking during an inter-ministerial briefing on recent developments in West Asia, Ao said airlines are facing a two-fold challenge due to the crisis, which began over a month ago. "50 per cent of all international operations by Indian car ...Read More >

Asian News International (ANI) - Business - News Image
soure image
6
BusinessApr 07, 2026 05:45 PM

No dryout reported in LPG distributor ships, all petrol pumps operating normally: Govt

New Delhi [India], April 7 (ANI): Addressing the recent developments in the West Asia crisis, Sujata Sharma, Joint Secretary in the Ministry of Petroleum & Natural Gas, denied any shortage of LPG in India, asserting that no "dryout" has been reported at petrol pumps across the country. She further noted that 6,500 tonnes of commercial LPG were sold yesterday to meet the ongoing demand for the fuel. Speaking at the Inter-Ministerial briefing on recent developments in West Asia, the Joint Secreta ...Read More >

Asian News International (ANI) - Business - News Image
soure image
20
BusinessApr 07, 2026 05:13 PM

India's EV sales jump 24.6% in FY26, offering a hedge amid rising crude prices

New Delhi [India], April 7 (ANI): India's electric vehicle transition gathered pace in FY26, with total EV retail sales across two-wheelers, three-wheelers, passenger vehicles and commercial vehicles rising about 24.6 per cent year-on-year to around 24.52 lakh units, according to retail data shared by the Federation of Automobile Dealers Associations (FADA). The sharp rise in EV adoption comes at a time when crude prices are hovering around USD 100/barrel due to West Asia crisis. India remains ...Read More >

Reuters - Business - News Image
soure image
13
BusinessApr 07, 2026 05:13 PM

India weighs austerity steps, sees no immediate risk to FY27 deficit goal, sources say

NEW DELHI, April 7 (Reuters) - India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government se ...Read More >

Free Press Journal - Business - News Image
soure image
21
BusinessApr 07, 2026 04:51 PM

Bengaluru Autorickshaw Drivers Warn Of Strike Amid Severe LPG Shortage Crisis Statewide

Bengaluru: With the LPG supply for autorickshaws is turning into a crisis, with most of the Gas stations are putting up no-stock boards, the autorickshaw drivers have given a deadline of April 10 to the government for rectifying LPG supply, failing which they would go on a strike. While the State government is pointing at the Centre for not supplying adequate quantities of LPG to state, Union Minister of Consumer Affairs, Food and Public Distribution Prahlad Joshi has suggested the autorickshaw ...Read More >

KalingaTV - Business - News Image
soure image
17
BusinessApr 07, 2026 04:41 PM

Air India raises fuel surcharge amid jet fuel spike

New Delhi: The Air India group has announced revisions to its fuel surcharge structure across domestic and international routes amid a sharp rise in global jet fuel prices. In a statement, the airline said the decision comes as airlines worldwide face one of the toughest fuel cost environments in recent years. "Air India group today announced further revisions to its fuel surcharge structure across domestic and international routes," the airline said. The airline noted that global jet fuel pr ...Read More >

https://www.outlookbusiness.com/ - Business - News Image
soure image
17
BusinessApr 07, 2026 04:26 PM

India Ramps Up Venezuelan Crude Imports to 6-Year High Amid Hormuz Crisis

The timing is significant: the cargoes were likely secured before the worst of the Hormuz disruptions took hold, suggesting the shift towards Venezuelan crude reflects a longer-term strategic repositioning rather than a purely reactive scramble for available barrels. India imports around 90% of its crude oil requirements, and the Strait of Hormuz typically carries close to 40% of its total supply. The near-closure of that route following the outbreak of the West Asia conflict has forced refiner ...Read More >

ETV Bharat News - Business - News Image
soure image
18
BusinessApr 07, 2026 04:15 PM

West Asia Crisis: Govt Doubles 5Kg LPG Allocation For Migrant Workers

New Delhi: The Ministry of Petroleum and Natural Gas has doubled the daily allocation of 5kg Free Trade LPG (FTL) cylinders to states to ensure supply to migrant labourers amid the global energy crisis due to the ongoing war. In a letter to the states and Union Territories, the Ministry states, "the daily quantity of 5kg FTL cylinder in each State available for disbursal to migrant laborers is being doubled based on average daily supply to migrant laborers during 2nd - 3rd March 2026 beyond lim ...Read More >

NewsDrum - Politics - News Image
soure image
20
PoliticsApr 07, 2026 03:42 PM

Jaishankar to host Bangladesh counterpart Khalilur Rahman for crucial bilateral talks

New Delhi, Apr 7 (PTI) External Affairs Minister S Jaishankar will host his Bangladeshi counterpart Khalilur Rahman on Wednesday for wide-ranging talks in a significant initiative to repair the bilateral ties following an over 18-month period of heightened diplomatic tension. Rahman's three-day trip to New Delhi from Tuesday is the first high-level visit by a senior member of the new Bangladesh Nationalist Party government led by Prime Minister Tarique Rahman. The relations between India and B ...Read More >

NewsDrum - Business - News Image
soure image
20
BusinessApr 07, 2026 03:29 PM

Salman Khan backs Rajpal Yadav after awards show jibe on comedian's financial troubles

Mumbai, Apr 7 (PTI) Superstar Salman Khan on Tuesday came out in support of Rajpal Yadav after a joke over the comedian's financial troubles during an awards ceremony stirred up a media storm. Yadav on Sunday night attended the Chetak Screen Awards, where host Saurabh Dwivedi made a remark about the actor's Rs 9 crore cheque bounce case, which led to him being jailed briefly. The clip of the exchange has since gone viral on social media. Khan tagged Rajpal's official handle and said the vetera ...Read More >

NewsDrum - Politics - News Image
soure image
15
PoliticsApr 07, 2026 03:28 PM

Manipur govt orders internet suspension in 5 Manipur valley districts for 3 days

Imphal, Apr 7 (PTI) The Manipur government on Tuesday ordered suspension of internet and mobile data services, including Broadband, VSATs and VPN in five valley districts for three days, an official statement said. The Commissioner Home N Ashok Kumar, signed the order banning internet and mobile data services in five districts from Tuesday, it said. A Home department statement said, "In view of the prevailing law and order situation in five districts of Manipur - Imphal West, Imphal East, Thou ...Read More >

Asian News International (ANI) - Business - News Image
soure image
23
BusinessApr 07, 2026 03:12 PM

Air India revises fuel surcharge amid jet fuel spike; CEO Campbell Wilson to step down

New Delhi [India], April 7 (ANI): The Air India group has announced revisions to its fuel surcharge structure across domestic and international routes amid a sharp rise in global jet fuel prices. In a statement, the airline said the decision comes as airlines worldwide face one of the toughest fuel cost environments in recent years. "Air India group today announced further revisions to its fuel surcharge structure across domestic and international routes," the airline said. The airline noted ...Read More >

Daily Mirror - Politics - News Image
soure image
22
PoliticsApr 07, 2026 02:52 PM

Iran looks to India for 'Bigger Role' as peace negotiator

ANI: "All countries can play a big role to stop this war because now the war is now affecting the lives of lots of people- the price of gas, oil and shipping has increased. So I think it is very necessary and important that world leaders come together and they ask President Trump to stop this war," Iran's Supreme Leader's Representative in India said on Monday. Abdul Majid Hakeem Ilahi also praised Indian diplomacy and said that New Delhi can play a deeper role in the issue. "The Indian diplom ...Read More >

Abtak.com - Business - News Image
soure image
16
BusinessApr 07, 2026 02:34 PM

Migrant workers get priority as Gurugram expands mini LPG cylinder access

The district administration has "begun prioritising migrant workers and labourers without LPG connections, who have been hit by skewed supplies", by rolling out 5 kg mini cylinders through gas distribution agencies, officials said on Sunday. Officials said any valid Aadhaar holder can purchase one mini cylinder at a time, with no requirement of a prior LPG connection or proof of permanent residency. Migrants can purchase the 5kg cylinders directly using Aadhaar identification by paying around ...Read More >

Social News XYZ - Business - News Image
soure image
35
BusinessApr 07, 2026 02:20 PM

India's GDP growth expected at 6.2 pc despite geopolitical conflict: Morgan Stanley

New Delhi, April 7 (SocialNews.XYZ) Global geopolitical tensions are beginning to weigh on India's economic outlook, but the country is still expected to maintain steady growth as GDP growth expected at 6.2 per cent for FY2027, a report said on Tuesday. The data compiled by Morgan Stanley projected India's growth, even as rising energy costs, supply disruptions, and external pressures pose fresh challenges. However, it is lower than earlier estimates of 6.5 per cent, the report stated. The dow ...Read More >

NewsDrum - Business - News Image
soure image
12
BusinessApr 07, 2026 02:14 PM

Air India group to impose fuel surcharge on domestic, international flights

Mumbai, Apr 7 (PTI) The Air India group on Tuesday said it will impose fuel surcharge ranging from Rs 299 to Rs 899 for domestic flights and USD 24 to USD 280 for international flights (excluding some routes). The revised fuel surcharge, effective from April 8 will be applicable for flights operated by the airline's low-cost subsidiary Air India Express as well, Air India said in a statement. Revisions to fuel surcharge on flights to and from Bangladesh and Far East destinations such as Japan, ...Read More >

ODISHA BYTES - Politics - News Image
soure image
28
PoliticsApr 07, 2026 02:05 PM

Family Of Indian Electrician Killed In Iranian Drone Strike To Be Paid Year's Salary By Kuwaiti Comp...

Kuwait City: The family of an Indian electrician killed in a drone strike in Kuwait will be paid a year's salary by the Al Thiqa Food Group Company. Santhanaselvam Krishnan, from Tamil Nadu, was killed when an Iranian drone struck his workplace - a power and water desalination plant based in Kuwait, as reported by Hindustan Times. The company made the decision to uphold its social and humanitarian responsibilities, Kuwait Times reported. Al Thiqa told the media outlet that it had received all ...Read More >

NewsDrum - Business - News Image
soure image
26
BusinessApr 07, 2026 01:25 PM

Crude oil futures hit record high of Rs 10,888/barrel as US-Iran stand-off fuels supply fears

New Delhi, Apr 7 (PTI) Crude oil prices rose nearly 3 per cent to hit a record high of Rs 10,888 per barrel in futures trade on Tuesday, tracking strong global cues as tensions between the US and Iran intensified ahead of President Donald Trump's deadline for reopening the Strait of Hormuz. On the Multi Commodity Exchange (MCX), crude oil for April delivery increased by Rs 300, or 2.83 per cent, to hit a lifetime high of Rs 10,888 per barrel. Similarly, the May contract also advanced Rs 170, o ...Read More >

The Times of India - Business - News Image
soure image
17
BusinessApr 07, 2026 12:45 PM

17 India-bound vessels with LPG, LNG, crude await transit near Hormuz

NEW DELHI: Seventeen India-bound ships -- both Indian- and foreign-flagged -- carrying energy products are waiting on the west of the Strait of Hormuz. TOI has learnt that while four of these are loaded with LPG, three are carrying LNG and remaining 10 have crude oil loaded in them.So far, eight Indian vessels carrying LPG and another foreign-flagged ship carrying crude have crossed the conflict-hit strait to head to India since the war broke out. Green Sanvi carrying 46,500 tonnes of LPG and 25 ...Read More >

Social News XYZ - Politics - News Image
soure image
31
PoliticsApr 07, 2026 12:42 PM

Karnataka Cong leaders allege LPG crisis, blame Centre for 'livelihood losses'

Bengaluru, April 7 (SocialNews.XYZ) Karnataka Chief Minister Siddaramaiah, Deputy CM D.K. Shivakumar, and Congress leaders on Tuesday issued a joint statement accusing the Central government of "triggering a severe" LPG and fuel crisis in Karnataka, which they claimed has affected the livelihoods of lakhs of people, including auto drivers, small traders and gig workers. The Congress leaders, including KPCC General Secretary and Karnataka In-Charge Randeep Singh Surjewala, alleged that more than ...Read More >

KalingaTV - Business - News Image
soure image
19
BusinessApr 07, 2026 12:37 PM

Petroleum Ministry doubles allocation of 5 kg LPG cylinders for migrant labourers

New Delhi: The Ministry of Petroleum and Natural Gas has conveyed that the daily quantity of 5 kg FTL (Free Trade LPG) cylinders allocated to each State for distribution to migrant labourers is being doubled. In its letter to the Chief Secretaries of all states and Union Territories, the Ministry stated that the increase is based on the average daily supply (number of cylinders) provided to migrant labourers during March 2 to 3, and is beyond the earlier limit of 20% mentioned in the Ministry's ...Read More >

Free Press Journal - Business - News Image
soure image
35
BusinessApr 07, 2026 12:30 PM

Markets Volatile After Early Recovery, Sensex At 74,007 & Nifty Near 22,946 Amid Global Oil Tension

Mumbai: Indian stock markets witnessed sharp volatility on Tuesday. The indices opened weak, saw a quick recovery, but failed to hold gains later in the session. As per latest data, the Nifty 50 was trading at 22,945.70, down 22.55 points, while the BSE Sensex stood at 74,007.92, lower by 98.93 points. The day started on a weak note, with Nifty around 22,950. It soon dropped sharply to the day's low near 22,719, before recovering to above 22,900 levels. However, another round of selling dragged ...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.