March 20, New Delhi — Governments around the world are implementing measures to protect consumers from the rising cost of energy, which has been driven by the ongoing conflict in the Middle East. These measures range from tax cuts and subsidies to adjustments in supply.Germany is exploring...
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Mumbai, March 14 Union Minister Piyush Goyal said on Saturday that India is well-positioned to handle any situation related to crude oil and fuel, as the West Asia crisis disrupts gas shipments and shipping routes, and highlighted that the government has increased kerosene production to provide...
New Delhi, March 13 India's city gas distribution (CGD) industry could see its daily sales volumes decline by 8-10 per cent in the near term as the ongoing conflict in West Asia disrupts natural gas supplies, according to a report by Crisil Ratings.The disruption has primarily affected imports...
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Hoshiarpur/Ambala, March 10 With the escalating conflict in West Asia disrupting energy supplies, many hotels, restaurants, and dhabas in Punjab and Haryana claimed on Tuesday that they were facing hardship due to a shortage of commercial LPG cylinders.Harjeet Cheema, owner of a gas agency in...
New Delhi, March 3 Qatar, India's largest supplier of imported natural gas, has declared force majeure on deliveries following a halt in production in the wake of an Iranian drone strike – a disruption that has led to a cut in supplies to Indian industry by up to 40 per cent, sources said...
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India is unlikely to face any immediate disruptions in oil supplies despite the rising tensions around Iran and the Strait of Hormuz, but higher crude prices and broader macroeconomic pressures are expected in the near term, according to officials and analysts.Indian refineries currently have...
New Delhi, March 1 India is unlikely to face any immediate physical disruption in oil supplies despite escalating tensions around Iran and the Strait of Hormuz, but higher crude prices and broader macroeconomic pressures are expected in the near term, officials and analysts said.Indian...
New Delhi, March 1 – India is expected to face volatility in oil prices and broader macroeconomic effects from the escalating Iran crisis, analysts said, adding that the country's oil supply chain does not yet face structural insecurity.Rising tensions in the Strait of Hormuz – through which a...