strategic petroleum reserves

Hyderabad, March 25 Amid rumors of shortages in petrol, diesel, and LPG, which triggered panic buying and long queues at fuel stations across Hyderabad, the Telangana government assured the public on Wednesday that there is no shortage of any petroleum product in the state.Addressing a press...

New Delhi, March 23 – Prime Minister Narendra Modi on Monday stated that the difficult global conditions caused by the West Asia conflict are likely to persist for a long time and called upon the nation to remain prepared and united, just as it had stood together during the COVID-19 pandemic...

New Delhi, March 23 Asserting that India is advocating dialogue and diplomacy to resolve the West Asia crisis, Prime Minister Narendra Modi on Monday said that attacks on commercial ships and the disruption of the Strait of Hormuz are unacceptable, and the government is in touch with suppliers...

Hyderabad, March 22 AIMIM Chief Asaduddin Owaisi on Sunday alleged that around five lakh Backward Classes certificates have been cancelled, most of them belonging to Muslims.Addressing a rally here, he expressed concern over the SIR (Special Intensive Revision) of electoral rolls in West...

Abu Dhabi, March 21: The effects of Iran's actions will be felt by people in all parts of the world, especially the most vulnerable, several world leaders stated on Saturday while strongly condemning Tehran's attacks on unarmed commercial vessels in the Gulf and civilian infrastructure...

New Delhi, March 12 Prime Minister Narendra Modi on Thursday criticized those attempting to create panic regarding the LPG situation in India, stating that they are not only exposing themselves but also harming the country.Addressing the NXT Summit here, Modi also said that due to the ongoing...

New Delhi, March 12 – Prime Minister Narendra Modi said on Thursday that the government is "doing everything possible" to safeguard India's energy security in the face of disruptions in oil and gas supplies caused by the Iran war.Addressing a media event here, PM Modi said that his government...

New Delhi, March 12 – A heated exchange of words erupted in Parliament on Thursday, as leaders from the ruling National Democratic Alliance (NDA) and the Opposition traded sharp remarks over protests and the issue of energy security raised by Lok Sabha Leader of the Opposition Rahul Gandhi...

New Delhi, March 12 – The government has approved a compensation of ₹30,000 crore for the fiscal year 2025-26 to public sector oil companies – Indian Oil, Bharat Petroleum, and Hindustan Petroleum – for supplying LPG at subsidized prices, the Parliament was informed on Thursday.The retail...

New Delhi, March 12 – India’s strategic oil reserves and diversification of energy imports from over 40 supplier countries have transformed its ability to absorb global energy shocks. This resilience has ensured that there is no energy crisis due to the disruption caused by the Iran war, as the...

Washington, March 12, President Donald Trump has said that US military action against Iran would help bring down global oil prices, telling supporters in Kentucky that a coordinated release of emergency crude reserves and continued pressure on Tehran would stabilize energy markets.Speaking at...

New Delhi, March 11 India's state-owned oil marketing companies – Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited – are facing pressure from rising global crude and gas prices, limited domestic fuel price pass-through, and...

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 – India is continuing to supply diesel to Bangladesh via pipeline from the Numaligarh refinery in Assam as part of the long-term agreement with the neighboring country.The India-Bangladesh Friendship Pipeline was operationalized in 2017. It has been supplying diesel to...

New Delhi, March 9 India will not join the International Energy Agency (IEA) initiative to release strategic oil reserves as part of an effort to cool oil prices, top government sources said.India, the world's third-largest oil-importing and consuming nation, has 5.33 million tonnes of...

New Delhi, March 9 – The government has increased the minimum waiting period for booking a domestic LPG cylinder refill from 21 days to 25 days to prevent hoarding, as there were signs of panic buying taking place in the market amid the uncertainties due to the Iran war.Officials said that...

New Delhi, March 9 – India currently has a total storage capacity for crude oil and petroleum products of 74 days, which can help mitigate disruptions in case of adverse situations such as geopolitical conflicts, the Parliament was informed on Monday."The government has established Strategic...

New Delhi, March 6 Indian refiners have begun purchasing some of the over 15 million barrels of Russian crude currently floating on tankers near the country, as they seek to address supply concerns arising from disruptions in the Middle East.Sources said refiners increased purchases after the...

New Delhi, March 5: Rising geopolitical tensions linked to the Iran conflict could significantly increase India's oil import bill and put pressure on the rupee, said former NITI Aayog CEO Amitabh Kant on Thursday.In a post on X, Amitabh Kant, who currently serves as a senior advisor to global...

Hyderabad, March 3 Union Coal and Mines Minister G Kishan Reddy said on Tuesday that citizens do not need to worry about the availability of petroleum products in the country due to the ongoing armed conflict in West Asia.In a statement here, he said that the country is prepared to face the...