New Delhi, June 29 (IANS) The Indian government’s “extraordinary” handling of the global energy crisis in the wake of the West Asia conflict ensured that consumers were protected from the rise in prices and there was no black marketing in fuels as households continued to get LPG, India’s former G20 Sherpa Amitabh Kant said.”I would really appreciate several measures taken by India during this period. This crisis is not of our making. It’s a global crisis. Across all countries of the world, the…
Latest Energy Crisis News & Updates
Chandigarh, June 9 (IANS) Shiromani Akali Dal (SAD) leader and former Punjab Education Minister Daljit Singh Cheema on Tuesday launched a sharp attack on Aam Aadmi Party (AAP) national convenor Arvind Kejriwal, questioning his remarks against the Enforcement Directorate (ED) and accusing the Punjab government of failing to address corruption, law and order concerns, and the growing energy crisis in the state. Speaking to IANS, Cheema said Kejriwal should first explain the circumstances that led …
New Delhi, June 3 (IANS) Pakistan is facing an acute energy crisis-cum-financial crunch that is getting worse and is likely to deteriorate further if the China-Pakistan Economic Corridor’s (CPEC) second phase is carried out as proposed, according to an article in Asia Times.Pakistan’s power sector circular debt stood at 1.89 trillion rupees ($6.7 billion) as of February, up nearly 200 billion rupees in just two months. Of that total, 543 billion rupees trace directly to CPEC power projects, …
New Delhi, May 17 (IANS) The BJP has launched a nationwide campaign called ‘Mera Bharat, Mera Yogdan’ on Sunday, following Prime Minister Narendra Modi’s appeal to citizens to reduce fuel consumption amid the ongoing global energy crisis caused by the conflict in West Asia. The primary goal of this public awareness campaign is to motivate citizens to prioritise national interests, conserve energy, and adopt simpler lifestyles by changing their daily habits.As part of this initiative, party leade…
Mumbai, May 12 (IANS) India’s state-run oil marketing companies (OMCs) are staring at the possibility of their entire FY26 profits being wiped out if crude oil prices remain elevated, Petroleum Minister Hardeep Singh Puri warned on Tuesday amid escalating tensions in the Middle East.Speaking at the CII Annual Business Summit 2026 here, Puri said the ongoing energy crisis triggered by the conflict in the Middle East has sharply increased pressure on Indian fuel retailers, with oil marketing com…
Jakarta, April 18 (IANS) The International Monetary Fund (IMF) has called on the Philippines to adopt a more targeted fiscal response to its ongoing energy crisis, warning that limited budget buffers constrain the government’s ability to provide broad economic support, especially to the vulnerable sectors, local media reported on Saturday. According to local media reports on Saturday, Krishna Srinivasan, director of the IMF’s Asia and Pacific Department, said at a press conference recently that …
Washington, April 15 (IANS) The global economy is facing a sharp slowdown and rising inflation risks as the war in the Middle East disrupts energy supplies, the International Monetary Fund (IMF) warned on Tuesday, signalling heightened uncertainty for policymakers and markets.Presenting the latest World Economic Outlook, IMF Chief Economist Pierre-Olivier Gourinchas said the conflict has “halted” earlier growth momentum and raised the risk of a major energy shock, with oil and gas prices sur…
Antananarivo, April 8 (IANS) The Malagasy government declared a state of energy emergency across the entire territory for a period of 15 days to address a major energy supply crisis currently affecting the country.According to a presidential communique, this situation is attributable in particular to the repercussions of the conflict in the Middle East, which have disrupted energy supplies and public services in Madagascar.The government said that this state of emergency would allow for the impl…
Cairo, April 5 (IANS) Egypt’s Ministry of Electricity and Renewable Energy announced price hikes for commercial and residential electricity consumption effective this April, citing the global energy crisis triggered by the US-Israeli conflict with Iran. In a statement issued late Saturday (local time), the ministry said that the current “acute and unprecedented global crisis” across all energy resources, caused by the ongoing war in the Gulf region, has necessitated price increases for certain c…
New Delhi, April 3 (IANS) Pakistan’s LNG supplies are expected to fall to near zero from next month, removing a source that contributes more than one-fifth of total power generation, while coal availability is also under pressure, jointly affecting close to 30 per cent of supply, an article in the local media said.The fallback option, furnace oil, comes at a steep cost, with generation expenses significantly higher than gas or coal-based alternatives. These are structural shocks that no policy…