Bengaluru, April 8 (IANS) The Karnataka government on Wednesday clarified that there is no shortage of auto LPG in the state. The government has also further appealed to auto owners and drivers not to panic or believe in rumours, assuring them that there is adequate supply in the system.In a statement, the Food, Civil Supplies and Consumers’ Affairs department stated that auto drivers across the state have reported hardship due to irregular availability of gas, with many spending hours at bunk s…
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Mumbai, April 6 (IANS) Amid rising geopolitical tensions in the Middle East that have strained global petroleum supply chains, the Maharashtra government, in coordination with major Oil Marketing Companies (OMCs), on Monday issued a firm assurance of adequate fuel availability across the state. State authorities and representatives from Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), and Hindustan Petroleum Corporation Limited (HPCL) confirmed that stocks o…
Surat, April 4 (IANS) Customers applying for new domestic piped natural gas (PNG) connections by June 30 will receive a discount of Rs 500, Gujarat State Petroleum Corporation (GSPC) Managing Director Avantika Singh Aulakh said during a review meeting in Surat on Saturday. The discount will be available in areas with existing gas pipeline infrastructure, and the amount will be credited to the consumer’s bill after the connection is installed.Aulakh said the measure is aimed at encouragin…
New Delhi, April 2 (IANS) The government’s calibrated 8.5 per cent hike in aviation turbine fuel (ATF) prices for domestic airlines may offer short-term relief to oil marketing companies (OMCs), according to analysts.Analysts at global brokerage firm Nomura have estimated that state-owned fuel retailers continue to lose heavily on ATF sales amid a war-driven surge in global oil prices.At current prices, the brokerage has estimated that OMCs are losing around Rs 64 per litre on domestic ATF sales…
Hyderabad, March 31 (IANS) The Telangana government on Tuesday requested the Centre for urgent additional supply of auto LPG to the state to overcome the daily deficit.Minister for Civil Supplies N. Uttam Kumar Reddy on Tuesday sent a letter to Union Minister for Petroleum and Natural Gas Hardeep Singh Puri stating that the state is currently facing a daily shortage of 55 MTs.The state government called for ramping up the auto LPG availability at public sector undertakings’ (IOCL, BPCL & HPC…
New Delhi, March 25 (IANS) India’s markets are likely to recoup some lost ground after the US announced a five‑day reprieve for Iran’s energy infrastructure, a report said on Wednesday.Radhika Rao, Senior Economist and Executive Director at DBS Bank, predicted that the RBI will keep rates on hold in 2026, while addressing specific pockets of strain.The bar for rate hikes is high, due to the “stagflationary” shock and exogenous nature of the event risk, the report said.”Foreign reserve cove…
Hyderabad, March 25 (IANS) Chaos prevailed at petrol bunks across Hyderabad on Wednesday as rumours of fuel shortage due to the ongoing war in West Asia triggered panic buying by customers.Long queues of motorists were seen at almost all retail outlets in the twin cities of Hyderabad, Secunderabad and the outskirts, even as authorities assured people that adequate stocks are available.Hundreds of vehicles, including trucks, buses, vans and cars, were seen at major filling stations, leading to tr…
Hyderabad, March 13 (IANS) Telangana has adequate stocks of LPG to meet the present demand, officials said on Friday.The state government reviewed the LPG stocks in view of the war situation in the Middle East. It assured uninterrupted cylinder supply to 1.29 crore consumers.Chief Secretary K. Ramakrishna Rao reviewed the LPG stock position, supply, and distribution to consumers with representatives of oil marketing companies and officials of the Civil Supplies Department at the Dr. B.R. Ambedka…
New Delhi, March 12 (IANS) The Ministry of Petroleum and Natural Gas said on Thursday that all steps are being taken by the Government to ensure uninterrupted energy supplies, with 50 lakh LPG cylinders being delivered every day, so consumers should avoid “panic booking” of cooking gas.Crude is sourced from more than 40 countries, and 70 per cent of the crude is now coming from routes other than the Strait of Hormuz, which is currently closed, a ministry statement said.India’s daily oil consum…
Bhubaneswar, March 12 (IANS) Odisha Food Supplies and Consumer Welfare Minister Krushna Chandra Patra on Thursday advised people not to panic over the supply of liquefied petroleum gas (LPG), petrol and diesel across the state, assuring that there is sufficient stock of these fuels.The minister chaired a high-level meeting at Lokseva Bhavan here to review the availability and supply chain of LPG, petrol and diesel across the state.“The minister conducted a thorough review of the distribution p…