petroleum products

New Delhi, April 11 Commerce and Industry Minister Piyush Goyal held discussions with Saudi Arabia's Trade Minister Majid bin Abdullah Al Qassabi on Saturday on ways to strengthen supply chains disrupted due to the West Asia crisis, after holding talks with his counterparts from the UAE...

Karachi, April 10 The Sindh province government of Pakistan ordered all markets, shopping malls, shops, restaurants, and wedding halls in Karachi and other major cities to close early each day, as part of austerity measures amid the West Asia conflict.According to a government notification...

Mumbai, April 10 The conflict in West Asia may impact India's remittance flow, as one-third of the inflows from the diaspora come from Gulf Cooperation Council countries, according to Crisil Ratings on Friday.The current account deficit can be adversely affected due to a reduction in the...

Jaipur, April 9 – Chief Minister Bhajan Lal Sharma announced that Prime Minister Narendra Modi will inaugurate the country’s first Hindustan Petroleum Corporation Limited Integrated Refinery-cum-Petrochemical Complex at Balotra on April 21.He stated that the Pachpadra Refinery will emerge as a...

New Delhi, April 9 After imposing a windfall tax on fuel exports, India has moved to cap refinery margins in an effort to offset losses on domestic fuel sales, sources said.The war in West Asia has had two prolonged impacts – a spike in international oil prices, which has led to record losses...

New Delhi, April 8 The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a significant increase in the cost of the Rajasthan oil refinery project to Rs 79,459 crore, along with additional equity support from Hindustan Petroleum Corporation Ltd (HPCL), as the government pushes to...

Seoul, April 8 – The South Korean government vowed Wednesday to make efforts to help South Korean vessels stranded in the Strait of Hormuz safely navigate the shipping route after the United States and Iran agreed to a two-week ceasefire with the full reopening of the crucial passage for oil...

Srinagar, April 8 Chairman of the All Party Sikh Coordination Committee (APSCC), Jagmohan Singh Raina, welcomed the ceasefire between the US and Iran on Wednesday, calling it a positive development for global peace."Any escalation in the conflict would have had a serious impact on regions like...

New Delhi, April 8 The announcement of a ceasefire between the US and Iran, along with the reopening of the Strait of Hormuz, will provide immediate relief to exporters by easing shipping disruptions, FIEO said on Wednesday.US President Donald Trump announced a two-week suspension of military...

Bhopal, April 7 – The Cabinet Committee of Madhya Pradesh, formed to assess the impact of global developments and the evolving situation in West Asia, reviewed the availability and supply status of key petroleum products, including petrol, diesel, liquefied petroleum gas (LPG), compressed...

Kathmandu, April 7 – The new government in Nepal decided on Tuesday to provide partial tax exemptions on petroleum products in an effort to ease the financial burden on consumers, mirroring a similar decision by the Indian government.A Cabinet meeting held on Tuesday approved a 50 per cent...

Itanagar, April 7 Arunachal Pradesh Food and Civil Supplies Minister Gabriel Denang Wangsu emphasized the need for equitable distribution of petroleum products across the state and warned of strict action against black marketing and hoarding.The minister, along with chief secretary Manish...

Jaipur, April 6 Adequate stocks of LPG, petrol, diesel, and aviation turbine fuel (ATF) are available across Rajasthan, and supply remains uninterrupted despite pressure on global supply chains due to the conflict in West Asia, officials said on Monday.The assurance was given during a press...

Bhopal, April 6 Public sector oil marketing companies (OMCs) on Monday said they are maintaining steady and adequate supplies of LPG and automotive fuel in Madhya Pradesh despite the ongoing war in West Asia and allayed fears of shortages.Indian Oil Corporation Ltd (IOCL), Bharat Petroleum...

New Delhi, April 6 – The International Monetary Fund (IMF) has asked Pakistan to eliminate distortions in the pricing of petroleum products as early as possible, due to the subsidies extended by the federal government to consumers amid the surge in global prices triggered by the Iran war, local...

New Delhi, April 6 Congress leader Rahul Gandhi on Monday alleged that Prime Minister Narendra Modi has dealt with the "LPG gas crisis" in a similar manner to how he handled the COVID-19 pandemic, as it is "lacking in policy, full of grand announcements," and places the "entire burden" on the...

Faridabad, April 4 Haryana Chief Minister Nayab Singh Saini laid the foundation stone for four development projects worth ₹120.76 crore in Faridabad on Saturday, stating that the government is committed to accelerating the city's overall growth.Addressing the 'Dhanyavaad Evam Viksit Faridabad...

The Ministry of Petroleum and Natural Gas has stated that the government is making every effort to ensure the availability of petrol, diesel, and LPG across the country. It has advised citizens to avoid panic buying of petrol and diesel and unnecessary booking of LPG.The Ministry has taken...

New Delhi, April 4 The government on Saturday urged citizens to avoid panic buying of petrol, diesel, and LPG, saying fuel supplies remain adequate despite disruptions linked to the closure of the Strait of Hormuz.The Ministry of Petroleum and Natural Gas said the government is taking...

Hyderabad, April 3: In a move to curb hoarding and black marketing of LPG, the Telangana civil supplies department has seized over 3,699 illegal domestic LPG cylinders as of Friday, officials said.The department has also seized 70 smaller cylinders. All the cylinders were seized between March...