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New Delhi, April 1 (SocialNews.XYZ) PSU oil marketing major Indian Oil Corporation (IOC) has increased the prices of its premium fuels in the national capital. XP100 petrol is now priced at Rs 160 per litre, up from Rs 149 earlier. The high-octane fuel is primarily used in luxury vehicles and high-performance motorcycles to enhance engine efficiency. Similarly, the company has raised the price of Xtra Green diesel (premium diesel), which now costs Rs 92.99 per litre in Delhi, compared to Rs 91 ...Read More >
New Delhi [India], April 1 (ANI): In a move aimed at protecting domestic air travel from a sharp global fuel shock, the government has limited the increase in Aviation Turbine Fuel (ATF) prices for domestic airlines to 25%, even as international benchmarks indicated a potential surge of over 100%. The Ministry of Petroleum and Natural Gas said the decision comes in response to an "extraordinary situation in global energy markets," triggered by the closure of the Strait of Hormuz. To prevent a s ...Read More >
New Delhi, April 1 (SocialNews.XYZ) State-owned oil marketing companies (OMCs) on Wednesday made substantial revisions to prices of both aviation turbine fuel (ATF) and commercial LPG, with rates surging sharply -- including a more-than-doubling in jet fuel prices -- tracking a spike in global oil prices amid the escalating West Asia conflict. Jet fuel prices more than doubled to a record high, while commercial LPG rates also rose significantly, adding to cost pressures across sectors. The pri ...Read More >
New Delhi: Airfares are expected to rise with the steep increase in jet fuel prices amid the ongoing West Asia conflict. The price of Aviation Turbine Fuel (ATF) has more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, and this is the first time that the jet fuel price has crossed the Rs 2 lakh per kilolitre mark. In Delhi, ATF price has been hiked by Rs 1,10,703.08 per kilolitre, or 114.5 per cent, to Rs 2,07,341.22 per kl, according to state-owned fuel retailers. Officials s ...Read More >
HYDERABAD: Civil Supplies Minister N Uttam Kumar Reddy has urged Union Petroleum Minister Hardeep Singh Puri to increase the availability of auto LPG at outlets run by public sector companies such as IOCL, HPCL and BPCL. He also sought directions to these companies to supply LPG to private distributors. In a letter on Tuesday, Uttam said the ongoing conflict in West Asia has disrupted LPG supplies, severely affecting Telangana, where nearly 1 lakh auto-rickshaw drivers depend on auto LPG. He hi ...Read More >
NEW DELHI: Price of aviation turbine fuel (ATF), or jet fuel, was more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday but domestic airlines will not have to pay the steep increase as a mechanism is in works to shield them. Alongside, commercial LPG rates were raised by Rs 195.50 per cylinder, mirroring the the surge in global oil prices linked to the widening West Asia conflict. ATF price in Delhi was hiked by Rs 110,703.08 per kilolitre, or 114.5 per cent, to Rs 207,341.22 p ...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 (PTI): Price of aviation turbine fuel (ATF), or jet fuel, was more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday but domestic airlines will not have to pay the steep increase as a mechanism is in works to shield them. Alongside, commercial LPG rates were raised by Rs 195.50 per cylinder, mirroring the the surge in global oil prices linked to the widening West Asia conflict. ATF price in Delhi was hiked by Rs 110,703.08 per kilolitre, or 114.5 per cent, to Rs 207,34 ...Read More >
New Delhi: Airfares are expected to rise with the steep increase in jet fuel prices amid the ongoing West Asia conflict. The price of Aviation Turbine Fuel (ATF) has more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, and this is the first time that the jet fuel price has crossed the Rs 2 lakh per kilolitre mark. In Delhi, ATF price has been hiked by Rs 1,10,703.08 per kilolitre, or 114.5 per cent, to Rs 2,07,341.22 per kl, according to state-owned fuel retailers. Officials s ...Read More >
Hyderabad: An acute shortage of LPG (liquefied petroleum gas) in the city has been causing significant distress among nearly one lakh auto-rickshaw drivers, impacting their livelihoods. Besides, urban mobility across the city has been affected. The impact is visible across several areas in the city, where streets are empty of auto-rickshaws while long lines extending for kilometers are visible outside gas stations. Auto drivers continue to face problems due to a shortage of LPG gas. They compl ...Read More >
NEW DELHI: 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 7, remain unchanged. It costs Rs 913 per 14.2-kg cylinder in Delhi. State-owned Indi ...Read More >
New Delhi, Apr 1 (PTI) Price of aviation turbine fuel (ATF), or jet fuel, was more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday while commercial LPG rates were raised by Rs 195.50 per cylinder, mirroring the surge in global oil prices linked to the widening West Asia conflict. ATF price in Delhi was hiked by Rs 110,703.08 per kilolitre, or 114.5 per cent, to Rs 207,341.22 per kl, according to state-owned fuel retailers. This is the first time ever that ATF prices have cross ...Read More >
New Delhi: Prices of commercial LPG were hiked by Rs 195.50 on Wednesday, on the back of a 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 7, remain unchanged. It costs Rs 913 per 14.2-kg cylinder in Delhi. State-owned ...Read More >
New Delhi, Apr 1 (PTI) 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 7, remain unchanged. It costs Rs 913 per 14.2-kg cylinder in Delhi. Stat ...Read More >
The Bihar government is preparing to list its power transmission company on the stock market in a move aimed at enhancing public participation in the state's growth, a senior official said. The Bihar government is preparing to list its power transmission company on the stock market in a move aimed at enhancing public participation in the state's growth, a senior official said. In a video interview with PTI, Bihar Energy Secretary Manoj Kumar Singh said, "We are planning to list our transmissio ...Read More >
Accountant general (audit) releasing the CAG reports in Bhubaneswar on Tuesday. The Comptroller and Auditor General (CAG) of India has pulled up the Odisha government for inefficiency in revenue realisation from state public sector undertakings (SPSUs), leading to non-remittance of over Rs 5,000 crore. As per the latest CAG report on state finances for 2024-25, tabled in the Assembly on Tuesday, as many as 27 SPSUs failed to remit Rs 5,146.76 crore in dividends despite reporting profits, in vi ...Read More >
Bhubaneswar: State-owned Odisha Mining Corporation (OMC) is liable to pay Rs 1,328 crore in penalties for excess production in two of its mines, a CAG report has flagged.The report on state PSUs, tabled in the assembly on Tuesday, said in the Kodingamali bauxite mine, OMC produced 27 lakh MT of bauxite in 2018-19 against the approved consent to operate (CTO) limit of 22.6 lakh MT. This resulted in 4.4 lakh MT of excess production, attracting a penalty of Rs 1,298.39 crore.In the Sukrangi chromit ...Read More >
Bhubaneswar, March 31 (SocialNews.XYZ) The Comptroller and Auditor General of India (CAG) said on Tuesday that Odisha posted moderate growth in 2024-25 compared to the previous financial year, while cautioning against fiscal stress risks arising from the under-realisation of revenue receipts, low own-tax mobilisation, poor dividend collection, long-outstanding loans, and concentrated short- to medium-term repayment obligations. The State Finances Audit Report of the Odisha government for 2024-2 ...Read More >
New Delhi: The government has raised the administered price mechanism (APM) gas price for state-run producers like state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Limited (OIL) to $7 per mmBtu, up from $6.75 per mmBtu. The revision follows the pricing mechanism that the government had approved in 2023, according to an official notification. The revision applies to gas produced from legacy fields under the regulated pricing regime. APM gas makes up for about 60 per cent of the d ...Read More >
Hyderabad: Civil supplies minister N Uttam Kumar Reddy on Tuesday urged Union petroleum and natural gas minister Hardeep Singh Puri to ramp up Auto LPG availability, stating there is a shortfall of 55 metric tonne (MT) of it per day in Telangana due to prevailing supply constraints.Seeking an urgent intervention to address the shortage of Auto LPG, Uttam Kumar Reddy, in his letter to the Union minister, stated that nearly a lakh auto-rickshaws run on LPG in the state. All these autos were now fa ...Read More >
Bhubaneswar, Mar 31 (PTI) Seven Odisha government-run companies and corporations incurred a loss of Rs 794.98 crore during the financial year 2022-23, the CAG said in a report. Comptroller and Auditor General of India (CAG) audited the financial performance of the State Public Sector Enterprises (SPSEs) for the financial year 2022-23 and mentioned its findings in a report, which was laid before the assembly on Tuesday. Of the 29 government companies and corporations audited by the CAG, seven e ...Read More >
New Delhi, Mar 31 (PTI) Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of an insolvency professional for two years for multiple lapses in handling proceedings of Supertech Ltd and Nobility Estates. In its order passed on March 30, the IBBI's disciplinary committee (DC) found that Hitesh Goel failed to perform his duties provided under the Insolvency and Bankruptcy Code (IBC) and related norms during the corporate insolvency resolution process of the two companies ...Read More >
New Delhi: State-owned Central Bank of India has received a tax demand notice of Rs 296.08 crore from the Income Tax Department for an alleged shortfall in tax payment for the financial year 2024-25, according to its regulatory filing on Tuesday. The public sector lender said that the notice relates to the assessment year 2024-25 and is linked to an alleged shortfall in tax payment. In the exchange filing, the bank said it received the assessment order dated March 28, 2026, under relevant sect ...Read More >
Bhubaneswar: Odisha's economy grew at a moderate rate of 11.40 per cent in 2024-25 compared to previous year, with Gross State Domestic Product (GSDP) rising to ₹8.90 lakh crore from ₹5.40 lakh crore in 2020-21, reflecting a compound annual growth rate of 13.30 per cent, according to the Comptroller and Auditor General's (CAG) State Finances Audit Report (Report No. 3 of 2026). Despite the steady economic expansion, the report cautioned that structural weaknesses in revenue mobilisation, expend ...Read More >
New Delhi, March 31 (SocialNews.XYZ) State-owned Central Bank of India has received a tax demand notice of Rs 296.08 crore from the Income Tax Department for an alleged shortfall in tax payment for the financial year 2024-25, according to its regulatory filing on Tuesday. The public sector lender said that the notice relates to the assessment year 2024-25 and is linked to an alleged shortfall in tax payment. In the exchange filing, the bank said it received the assessment order dated March 28, ...Read More >
Hyderabad, March 31 (UNI)Telangana Civil Supplies Minister Uttam Kumar Reddy has written to union Petroleum and Natural Gas Minister Hardeep Singh Puri, seeking urgent intervention to address the shortage of Auto LPG affecting thousands of LPG-run auto-rickshaws in the state, particularly in Hyderabad. In his letter, the Minister highlighted that while Telangana is strictly adhering to the Centre's directives amid the ongoing Middle East crisis -- ensuring 100 per cent supply of domestic LPG an ...Read More >
Hyderabad/New Delhi: Union Coal Minister Kishan Reddy assured the Rajya Sabha that India's coal sector remains resilient despite global geopolitical tensions. Responding to unstarred questions, he emphasised that domestic production has crossed one billion tonnes for the second consecutive year, ensuring energy security and minimising dependence on imports. With 165 million tonnes of coal stock at mines and 54 million tonnes at thermal power plants, an uninterrupted supply to power and industria ...Read More >
Mumbai: Banks, with the largest collective weighting on Nifty, slumped Monday after the RBI Friday ordered net-position curbs on lenders to underpin the rupee that in FY26 lost the most in 14 years. All 14 constituents of the Bank Nifty lost, dragging the benchmark Nifty more than 2% lower. The Bank Nifty, meanwhile, retreated 3.8% to 50,275.35 - the lowest closing since April 9, 2025 - after the central bank set a $100 million end-of-day net position threshold for lenders. The newly-introduced ...Read More >
Petroleum minister Hardeep Singh Puri said the move reflects a renewed push to unlock domestic resources. "With OALP Round-XI now live, we unlock vast frontiers beneath our land and seas -- powering growth, resilience, and self-reliance," he said. India on Monday opened up 21 oil and gas blocks covering 80,228 square kilometres under a fresh exploration round, even as state-run Oil And Natural Gas Corporation has started gas production from a key offshore project, marking a twin push to boost d ...Read More >
India was turning green. Black was out, and so was an era of crude energy sources, even if refined adequately, and used as liquefied gas. Yet, the shine on coal, the black gold, has intensified in the past few weeks. Thanks to huge global shortages in crude oil, and gas, including LNG (liquefied natural gas), India, along with other nations, is re-focusing energy security. It demands a back-to-black tactics, and giving green a breather, even as the future of fossil fuels seems iffy. Black is in, ...Read More >
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