New Delhi, July 13 (IANS) India is unlikely to face any immediate energy supply concerns despite fresh geopolitical tensions escalating in West Asia, as the country is well-positioned to meet its near-term energy requirements with adequate crude inventories and diversified sourcing, according to industry experts and reports.The renewed tensions are likely to push up crude oil prices and increase procurement costs for September and October, according to experts. However, they noted that India’s i…
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New Delhi, July 5 (IANS) The Centre has withdrawn most provisions of the emergency natural gas supply regulation order introduced during the West Asia conflict, citing the resumption of liquefied natural gas (LNG) shipments through the Strait of Hormuz following a ceasefire and an improvement in the regional supply situation.In an official notification, the Ministry of Petroleum and Natural Gas amended the Natural Gas (Supply Regulation) Order, 2026, removing key operational provisions that had …
Jaipur, July 4 (IANS) Prime Minister Narendra Modi said on Saturday that India successfully overcame the most severe global energy crisis of the 21st century through timely decisions, strategic planning, and strong diplomatic engagement, asserting that “New India” turned global challenges into opportunities. Addressing a massive public gathering after dedicating the Rajasthan refinery at Pachpadra in Balotra district to the nation and launching multiple development projects worth more than Rs 1….
New Delhi, July 3 (IANS) The United States retained its position as India’s largest supplier of liquefied petroleum gas (LPG) in June, extending its lead over traditional Gulf exporters as the country continued to diversify energy imports in response to geopolitical uncertainties in West Asia.According to data from commodity analytics firm Kpler, India imported 773.78 thousand metric tonnes (TMT) of LPG from the US in June, marking a 19.4 per cent increase from May. Overall, India’s LPG imports …
New Delhi, July 1 (IANS) India’s energy security has evolved into a robust and resilient system supported by diversified crude oil imports, expanded refining capacity and coordinated crisis management, former Bharat Petroleum Corporation Limited (BPCL) Marketing Director Sukhmal Kumar Jain said.Jain said the government has significantly strengthened the country’s energy ecosystem by diversifying crude oil import sources, expanding refining capacity, developing strategic petroleum reserves and en…
New Delhi, July 1 (IANS) India’s largest private fuel retailer, Nayara Energy, on Wednesday reduced petrol prices by Rs 5 per litre and diesel prices by Rs 3 per litre across its nationwide retail network, which is the first cut in retail fuel prices since global crude oil prices began easing following the de-escalation of tensions in West Asia.However, actual retail prices will vary across states depending on local taxes, including value-added tax (VAT).The revised rates have come into effect a…
New Delhi, June 30 (IANS) The Centre on Tuesday decided to extend the full Customs Duty exemption on the import of critical petrochemical products by another 15 days, allowing the relief to continue until July 15, 2026. The exemption, which was earlier scheduled to expire on 30 June 2026, will remain applicable to the same list of petrochemical products notified previously.The duty exemption was introduced as a temporary and targeted measure in response to the conflict in West Asia, which disrup…
Gandhinagar, June 29 (IANS) The women residents of Ghanta village in the Amirgadh Taluka of Gujarat’s Banaskantha district suffered from harmful kitchen smoke for a long time, until the Pradhan Mantri Ujjwala Yojana (PMUY) knocked on their doors, bringing an end to their daily travails by facilitating a switch to clean fuel. The village, which till some years ago was entirely dependent on coal and wood for cooking, has made a successful transition by availing free gas connections and subsidised …
New Delhi, June 29 (IANS) The Indian government’s “extraordinary” handling of the global energy crisis in the wake of the West Asia conflict ensured that consumers were protected from the rise in prices and there was no black marketing in fuels as households continued to get LPG, India’s former G20 Sherpa Amitabh Kant said.”I would really appreciate several measures taken by India during this period. This crisis is not of our making. It’s a global crisis. Across all countries of the world, the…
New Delhi, June 29 (IANS) Although the closure of Strait of Hormuz on February 28 was really a worst-case situation for global energy markets, the Indian government acted quickly to handle the crisis and ensure normal supply of fuels in the country, Navdeep Suri, former Ambassador of India to the UAE, said on Monday. Speaking to IANS, Suri said “I think there was some very proactive energy diplomacy that we saw”. “The special relationship that the government has forged with countries like th…