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…
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Jammu, April 23 (IANS) Jammu and Kashmir Lieutenant Governor (L-G) Manoj Sinha on Thursday asked teachers and students to adapt classrooms to the changing global landscape. The L-G inaugurated the new school building of Swami Pranavanand Vidyamandir in Panjgrain locality of Jammu’s Nagrota.The school is run by Bharat Sevashram Sangh, a renowned socio-cultural and philanthropic organisation.Bharat Sevashram Sangh started pre-primary to Class 8 education here in 2014 under ‘Har Ghar Shiksha’.More …
New Delhi, April 20 (IANS) The government is looking at stepping up efforts to promote Flex Fuel Vehicles (FFVs) as it looks to deepen ethanol use in the transport sector amid disruptions in the world oil market due to the Middle East conflict.The Ministry of Petroleum and Natural Gas (MoPNG) is scheduled to hold a key stakeholder meeting on Monday to chart out a road map for adopting FFVs in India, according to reliable sources.The meeting, to be chaired by the Additional Secretary at MoPNG, wi…
Mumbai, April 2 (IANS) The Mumbai Police have registered a case against a gas delivery worker for illegally storing commercial LPG cylinders in a public area. The accused, identified as Shahid Ali Imam Hussain Sayyed, was found in possession of 23 empty commercial gas cylinders and a tempo, all of which have been seized. Based on a complaint filed by a rationing officer from the Govandi area, the police have invoked Sections 3, 7, and 8 of the Essential Commodities Act, along with provisions und…
New Delhi, April 1 (IANS) The Delhi Police Crime Branch on Wednesday busted an illegal LPG cylinder storage and refilling racket in the Dabri area of the national Capital, recovering 17 domestic gas cylinders of multiple companies. Acting on specific and credible Intelligence, officials carried out a coordinated raid at a shop in Seetapuri, where an unauthorised operation involving the storage and refilling of LPG cylinders was being run. The raid led to the seizure of 17 cylinders, including fi…
New Delhi, March 29 (IANS) The government on Sunday eased the petroleum safety and licensing rules to allow faster distribution of kerosene to households, amid the disruption in cooking fuel supplies due to the Iran war.The Ministry of Petroleum and Natural Gas said in a notification that the measures would enable the ad-hoc distribution of kerosene to households for cooking and lighting in 21 states and Union TerritoriesSelect petrol pumps operated by public sector oil marketing companies such …
New Delhi, March 20 (IANS) The recent tensions in the Gulf region, particularly around the Strait of Hormuz, have once again exposed the fragility of global energy supply chains.For a country like India — historically dependent on imported hydrocarbons — such disruptions inevitably trigger concerns about fuel shortages. In recent weeks, social media has amplified anxieties around LPG availability, with visuals of long queues and delayed deliveries circulating widely.However, a closer and mor…
New Delhi, March 12 (IANS) The Government has approved a compensation of Rs 30,000 crore in FY 2025-26 to the public sector oil companies — Indian Oil, Bharat Petroleum, and Hindustan Petroleum — for supplying LPG at subsidised prices, the Parliament was informed on Thursday.The retail selling price of a 14.2 Kg domestic LPG cylinder is currently Rs 913 in Delhi. After a targeted subsidy of Rs 300 a cylinder to poor consumers under Pradhan Mantri Ujjwala Yojana (PMUY), the Centre is providing …
Patna, March 10 (IANS) A rumour about a possible domestic gas shortage created panic, on Tuesday, in the Sugauli block of East Champaran district in Bihar, after claims spread that LPG supplies might be disrupted due to the ongoing tensions between Iran and Israel. As the rumour spread rapidly, hundreds of residents rushed to the local gas agency warehouse, carrying empty cylinders and standing in long queues for hours.The sudden rush created chaos outside the warehouse as people tried to secure…
New Delhi, March 10 (IANS) As hotels and restaurants report commercial LPG shortage, the government has invoked the Essential Commodities (EC) Act to ensure the uninterrupted supply of domestic cooking gas, directing refineries and petrochemical units to maximise the production of LPG.The EC Act has been invoked to ensure divert key hydrocarbon streams to the LPG pool.Authorities have also asked these facilities to divert key hydrocarbon streams to the LPG pool in order to boost availability and…