Latest Petroleum News & Updates

New Delhi, April 28 (IANS) The Centre on Tuesday said there is no proposal at present to increase retail fuel prices, seeking to calm concerns amid rising geopolitical tensions in West Asia that have impacted global energy markets.Speaking at an inter-ministerial briefing, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said petrol and diesel prices will remain unchanged for now, even as the government continues to monitor the evolving situation.“LPG, petroleum and…

Bhubaneswar, April 2 (IANS) The Odisha government on Thursday held discussions with senior representatives from major oil and gas corporations to streamline the supply of LPG and other petroleum products across the state.​ The high-level review meeting was held under the joint chairmanship of the Minister of Food Supplies & Consumer Welfare, Krushna Chandra Patra, and the Minister of Housing & Urban Development, Krushna Chandra Mahapatra here.​The meeting, attended by Principal Secre…

Islamabad, April 1 (IANS) Poverty has yet again increased in Pakistan with fresh statistics placing nearly half of the population below the poverty line, demonstrating a widening gap between official claims and lived realities, a report has stated. A recent assessment by the Social Policy and Development Centre, an independent research organisation, has revealed that poverty in Pakistan stands at 43.5 per cent, which implies that around 27 million people are living below poverty line, significan…

Chandigarh, March 28 (IANS) Haryana Chief Minister Nayab Singh Saini on Saturday said that 4,032 government-run petrol pumps have been operational across the state, recording an average daily sale of 4,804 kiloliters of petrol and 12,003 kiloliters of diesel. “The state receives 200,000 gas cylinders daily, while approximately 190,000 cylinders are being distributed,” the Chief Minister told the media here on the LPG and fuel status in the state amidst the escalating West Asia conflict.He sa…

Gandhinagar/Bharuch, March 25 (IANS) Bharuch district in Gujarat has strengthened its position as a leading centre for the chemical and petrochemical industry in the country, with around 1,394 industrial units operating across the region. According to state officials, more than 45 per cent of these units are chemical manufacturers, providing direct and indirect employment to nearly 2 lakh people.The district’s industrial growth has been driven by clusters in Ankleshwar, Panoli, Jhagadia, Dahej…

Phnom Penh, March 23 (IANS) Sokimex, one of Cambodia’s leading petroleum and Liquefied Petroleum Gas (LPG) importers, has announced that it will temporarily suspend the supply of LPG from April due to severe transportation disruptions caused by the ongoing conflict in the Middle East.In an official announcement released to the media on Sunday, the company said that due to the ongoing conflict and prolonged instability in the Middle East, global transportation of petroleum and LPG has been severe…

New Delhi, March 22 (IANS) Prime Minister Narendra Modi on Sunday chaired a high-level meeting to review the situation in the petroleum, crude oil, gas, power, and fertiliser sectors, with a focus on ensuring uninterrupted supply and stable distribution amid the evolving crisis in West Asia.The meeting focused on maintaining uninterrupted supply, ensuring stable logistics, and streamlining distribution systems across the country to prevent any disruption in essential services.Officials briefed t…

New Delhi, March 21 (IANS) The government on Saturday said that it has allowed another 20 per cent allocation of commercial LPG to states and Union Territories (UTs), which would take overall allocation to 50 per cent (including 10 per cent allocation based on ease of doing reforms for PNG expansion).This additional 20 per cent allocation will be given on priority to sectors like restaurants, dhabas, hotels, industrial canteens, food processing/dairy, subsidised canteens/outlets run by state gov…

New Delhi, March 18 (IANS) Domestic liquefied petroleum gas (LPG) production has increased by 40 per cent, the government said on Wednesday, adding that supply concerns remain owing to the closing of the key oil route of the Strait of Hormuz.Petroleum and Natural Gas Ministry’s Joint Secretary, Marketing and Oil Refinery, Sujata Sharma, said during the regular briefing that petrol pumps have enough petrol and diesel stocks.”Domestic LPG production has increased by 40 per cent while no dry-outs h…

Bengaluru, March 13 (IANS) Union Minister for Food, Public Distribution and Consumer Affairs Pralhad Joshi said on Friday that there is no shortage of petrol, diesel or cooking gas in the country and accused the Congress-led Karnataka government of misleading the public by spreading confusion over the supply of LPG cylinders. Addressing a press conference at the state BJP office “Jagannath Bhavan” in Bengaluru, Union Minister Joshi added that the Congress -led state government was attempting to …