New Delhi, May 15 (IANS) The Confederation of All India Traders (CAIT) on Friday termed the Rs 3 per litre increase in petrol and diesel prices a ‘measured and responsible decision’ aimed at ensuring an uninterrupted fuel supply and maintaining economic stability amid prevailing global uncertainty.Reacting to the fuel price hike, CAIT Secretary General and BJP MP Praveen Khandelwal said the decision must be viewed in the context of ongoing geopolitical tensions and disruptions in global crude oi…
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New Delhi, May 15 (IANS) Union Parliamentary Affairs Minister, Kiren Rijiju, on Friday praised India’s handling of fuel prices during global volatility triggered by the West Asia conflict, saying the country’s approach reflects responsible governance focussed on protecting citizens from inflationary shocks.Sharing his views on X, Rijiju wrote, “As the world battled rising fuel costs after the West Asia conflict, India stood apart. While several countries witnessed petrol & diesel hikes…
New Delhi, May 15 (IANS) BJP IT cell chief Amit Malviya said on Friday that India emerged as a ‘striking exception’ amid a sharp rise in global fuel prices triggered by ongoing West Asia conflict and disruption in crude oil supplies through the Strait of Hormuz.On a microblogging platform X, sharing a detailed comparison of fuel price movements across major economies, Malviya said India recorded one of the lowest increases in petrol and diesel prices between February 23 and May 15 despite Brent …
New Delhi, May 15 (IANS) As oil marketing companies (OMCs) face mounting losses amid the ongoing West Asia crisis, they raised petrol and diesel prices by Rs 3 per litre each on Friday.The revised rates came into effect immediately across the country. In Delhi, petrol prices rose by Rs 3.14 per litre to Rs 97.77, while diesel became costlier by Rs 3.11 per litre.Meanwhile, amid the Middle East crisis, oil companies have also raised CNG prices. Effective Friday, the price of CNG has increased by …
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…
New Delhi, May 11 (IANS) The government on Monday said that there is no shortage of any petroleum product amid the West Asia crisis, as the country has 60 days stock of crude oil, 60 days of natural gas, and 45 days of LPG rolling stock.India is the world’s third-largest oil refiner and fourth-largest exporter of petroleum products, exporting to over 150 countries and is meeting domestic demand in full, according to the outcomes of the 5th meeting of the Informal Group of Ministers (IGoM) on W…
Hyderabad, May 1 (IANS) Telangana’s Civil Supplies Minister N. Uttam Kumar Reddy on Friday slammed the Centre for a steep Rs 993 hike in the price of commercial LPG cylinders and demanded its immediate rollback.In a statement, Uttam Kumar Reddy strongly criticised the Centre’s decision to increase the price of 19-kg commercial LPG cylinders by Rs 993. He described it as “very unfortunate” and a move that will burden small businesses, street vendors, hotels, restaurants, and ultimately the comm…
New Delhi, May 1 (IANS) Aviation turbine fuel (ATF) prices for foreign carriers were raised by around 5 per cent on Friday — marking the second consecutive monthly increase, even as domestic airlines were shielded from any revision.State-run oil marketing companies, including Indian Oil Corporation, revised the rates in line with elevated global energy prices.The hike applies only to international operations and foreign carriers, while ATF prices for domestic airlines remain unchanged.In Delhi,…
New Delhi, May 1 (IANS) More than 49.8 lakh domestic Liquefied Petroleum Gas cylinders were delivered on April 30, while fresh bookings were recorded for 41.6 lakh cylinders, as the supply of cooking gas remains normal in the country, with no dry-outs reported at retail distributorships despite the supply chain disruption due to the Middle East conflict. Online domestic Liquefied Petroleum Gas cylinder bookings have increased to 98 per cent, while authentication code-based deliveries to the regi…
Hyderabad, April 29 (IANS) Telangana’s Minister for Civil Supplies N Uttam Kumar Reddy on Wednesday clarified that sufficient fuel is available to meet the public needs and appealed to people not to panic by believing rumours. He stated that a special control room has been established to monitor fuel supplies.The toll-free number 1967 is available for registering complaints. Vigilance is being maintained at inter-state borders.Special attention is being paid to ensuring the supply of diesel re…