New Delhi, May 15 (IANS) BJP National Spokesperson Pradeep Bhandari on Friday launched a sharp attack on the Congress party, accusing it of politicising fuel price trends and ignoring India’s relative stability in global energy markets amid geopolitical tensions.Taking to X, Bhandari wrote, “The Congress Party should be ashamed of itself to politicise everything! Congress is a party which always looks at political opportunity in any global crisis; only to have egg on their face!”Despite Bren…
Latest Indian oil marketing companies News & Updates
New Delhi, April 23 (IANS) Indian oil marketing companies (OMCs) have begun relying on their commercial crude inventories as supply chains tighten following the closure of the Strait of Hormuz amid escalating geopolitical tensions in West Asia, according to a report on Thursday.The disruption linked to the ongoing US-Israel conflict involving Iran has constrained supplies from the Gulf region, while sharply increasing freight charges, insurance premiums and transit durations, NDTV Profit reporte…
New Delhi, March 12 (IANS) Indian oil marketing companies (OMCs) should be able to absorb average crude prices of up to around $90 per barrel over the medium term, supported in part by stronger refining margins, even as escalating tensions in West Asia raise concerns over global energy supply routes, a report said on Thursday.According to an analysis by CareEdge Ratings, the geopolitical situation notes that hostilities around the Strait of Hormuz have led to a sharp rise in crude prices since l…