New Delhi, June 21 (IANS) India’s maritime and energy security received a significant boost as three Indian-flagged crude oil tankers successfully transited the Strait of Hormuz and are now en route to Indian ports carrying large volumes of strategic cargo. The development comes amid evolving geopolitical shifts in the region that had earlier disrupted shipping routes through the critical waterway.Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal announced the successful pas…
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New Delhi, March 27 (IANS) The government on Friday said retail pump prices of petrol and diesel will not change, and the excise reduction is not being passed on as a price cut at the pump.Instead, it directly reduces the under-recoveries being absorbed by public sector oil marketing companies (OMCs) — Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation — who have continued to supply fuel to Indian consumers at prices well below their cost of supply, the …