New Delhi, April 4 (IANS) State-run oil marketing company (OMC) Indian Oil Corporation Ltd (IOCL) on Saturday assured that supplies of petrol, diesel and LPG remain adequate across the country, even as the Centre steps up efforts to minimise any disruption to fuel supply chains amid global uncertainties.The PSU firm said it is closely monitoring its nationwide distribution network and taking necessary steps to prevent hoarding and black marketing of LPG cylinders.In a public advisory shared on X…
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New Delhi, April 4 (IANS) The government on Saturday dismissed reports and social media claims that an Iranian crude oil cargo was diverted from Vadinar in India to China due to payment issues, calling them “factually incorrect” and misleading.The Ministry of Petroleum and Natural Gas has clarified that recent reports suggesting India lost an Iranian oil shipment due to payment problems are not true.The government said India imports crude oil from more than 40 countries, and oil companies ha…
Washington, March 6 (IANS) The United States has “reached out to India” to purchase Russian oil currently sitting in floating storage in southern Asia as part of a short-term effort to ease pressure on global oil markets, US Energy Secretary Chris Wright said in an interview with ABC News.The temporary measure, he said, is designed to quickly move stored crude into refineries and prevent oil prices from rising as supply routes face pressure linked to shipping constraints around the Strait of…