Washington, March 21 The United States has announced the temporary lifting of sanctions on the sale of Iranian oil stranded at sea in an effort to cool down soaring global crude prices.US Treasury Secretary Scott Besant said the temporary measure will make available 140 million barrels of...
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Jaipur, March 20 Amid volatility in global crude oil markets and rising geopolitical tensions in the Gulf region, Oil Marketing Companies (OMCs) have increased the prices of premium petrol (branded fuel). In Rajasthan, the increase, ranging between Rs 2 and Rs 2.3 per litre, has been announced...
New Delhi, March 20 – The government said on Friday that there has been no price increase for regular petrol for consumers, and the increase is limited to the premium fuel category, which accounts for only 3-4 per cent of total petrol sales.Addressing the daily briefing, Joint Secretary...
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New Delhi, March 16 The BJP on Monday accused the Congress and the Samajwadi Party (SP) of spreading "lies" about the availability of domestic LPG cylinders, alleging that the opposition is attempting to create panic for "political and commercial" gains.BJP spokesperson Shehzad Poonawalla said...
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New Delhi, March 14 – Union Minister of Parliamentary Affairs, Kiren Rijiju, on Saturday, launched a scathing attack on the Congress for resorting to gimmicks and using old images of people waiting in LPG booking queues in their desperation to create panic amid the global fuel crisis caused by...
New Delhi, March 14 – The BJP highlighted on Saturday that petrol prices in India have remained unchanged at ₹94.77 per litre, despite sharp increases in many major economies.The party attributed this stability to Prime Minister Narendra Modi's "handling" of the global energy crisis triggered...
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Karachi, March 13 Pakistani naval ships safely escorted two of its merchant vessels carrying millions of litres of oil from Fujirah in the UAE to the Karachi Port amid the ongoing crisis in West Asia, officials said on Friday.The development comes as Pakistan, which heavily relies on Gulf...
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Bengaluru, March 12 – Karnataka BJP State President B.Y. Vijayendra criticised Congress leaders on Thursday for protesting against the recent increase in LPG and petrol prices, arguing that the situation was not comparable to the period when the party was in power at the Centre.In a statement...
Bengaluru, March 12 Karnataka Deputy Chief Minister D K Shivakumar said on Thursday that the government will discuss the issue of LPG shortage in a Cabinet meeting, while urging the Centre to immediately address supply disruptions that are affecting households and farmers.In the wake of the...
New Delhi, March 11 S&P Global Ratings said on Wednesday that the profit margins of oil marketing companies like IOC, BPCL, and HPCL could suffer as they are likely to maintain retail prices of petrol and diesel unchanged to curb inflationary pressures.Oil prices have risen since the start of...
New Delhi, March 10 – On Tuesday, opposition leaders expressed concerns over a possible shortage of LPG cylinders and rising petrol and LPG prices amid tensions in West Asia, stating that disruptions in fuel and gas supplies are already affecting parts of the country. However, leaders from the...
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New Delhi, March 9 Petrol and diesel prices will not be increased for now, despite international crude oil rates crossing USD 100 per barrel, top government sources said on Monday.Officials said the government is closely monitoring global oil markets, but there is no immediate plan to raise...
Islamabad, March 6: Leaders of the Pakistan Petroleum Dealers Association (PPDA) have warned that petrol pumps across the country may begin to shut down within the next few days after several petroleum firms have cut their supplies, local media reported.Addressing the media at the Lahore Press...
New Delhi, March 2 International oil prices rose by about 9% following attacks by the US and Israel on Iran, and retaliatory strikes by Tehran, but retail petrol and diesel prices in India are unlikely to increase in the near term, sources said.Brent crude, the global benchmark, climbed close...
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Islamabad, February 16 – The Pakistani government has increased the prices of petrol and high-speed diesel by Pakistani Rupees (PKR) 5 and PKR 7.32 per liter, respectively, until the end of February, local media reported on Monday.In a late-night announcement on Sunday, the petroleum division...