Seoul, May 6 (IANS) South Korea’s consumer prices rose at the fastest pace in 21 months in April, driven by soaring fuel costs amid the Middle East conflict, government data showed on Wednesday.Consumer prices, a key gauge of inflation, increased 2.6 percent from a year earlier last month, according to the data from the Ministry of Data and Statistics. It marks the largest on-year increase since July 2024, when inflation climbed 2.6 percent, reports Yonhap news agency.The latest rise was driven …
Latest Petroleum Products News & Updates
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…
New Delhi, April 30 (IANS) India’s overall exports increased by over 20 per cent year-on-year for the first three weeks of April compared to the same period of the previous year, despite the supply chain disruptions and uncertainties in global markets caused by the Middle East conflict, the Ministry of Commerce and Industry announced on Thursday.The major products for which the exports have significantly increased during the period from April 1 to 21 are petroleum products and electronic goods, …
New Delhi, April 29 (IANS) More than 50.8 lakh domestic LPG cylinders and over 73,000 small 5 kg LPG cylinders were delivered on Tuesday 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, the Petroleum and Natural Gas Ministry said.Online domestic LPG cylinder bookings have increased to 99 per cent while authentication code-based deliveries, on the registered mobile n…
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…
New Delhi, April 26 (IANS) More than 51.8 lakh domestic LPG cylinders were delivered on Saturday as the supply of cooking gas continues to be normal with no dry-outs being reported at retail distributorships, according to the update issued by the Ministry of Petroleum and Natural Gas on Sunday.Besides, 5.45 lakh PNG connections have been gasified, and infrastructure has been created for an additional 2.62 lakh connections since March this year. More than 42,500 PNG consumers have also surrendere…
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…
Seoul, April 21 (IANS) South Korea’s exports surged 49.4 per cent from a year earlier in the first 20 days of this month, driven by strong demand for semiconductors, data showed on Tuesday.Outbound shipments reached $50.4 billion in the April 1-20 period, compared with $33.7 billion tallied over the same period last year, according to the data from the Korea Customs Service. The tally marked the highest figure for the first 20 days of April, reports Yonhap news agency.Imports increased 17.7 perc…
New Delhi, April 20 (IANS) The combined index of India’s eight core infrastructure industries declined 0.4 per cent in March this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry on Monday.While the production of natural gas, steel, and cement went up during the month, the output of fertilisers, crude oil, coal, and electricity recorded a negative growth, according to a ministry statement.The final growth rate of the eight cor…
New Delhi, April 17 (IANS) More than 50.5 lakh domestic LPG cylinders were delivered to households on Thursday as the supply of cooking gas in the country remains normal despite the disruptions due to the Middle East conflict, the Ministry of Petroleum and Natural Gas said on Friday.As many as 4.68 lakh PNG connections have also been gasified, and 5.23 lakh customers registered for new connections since March, as consumers are being encouraged to use alternative fuels such as PNG and electric or…