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…
Latest Petroleum News & Updates
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 …
Chandigarh, March 11 (IANS) Punjab Education Minister Harjot Bains on Wednesday slammed the BJP-led Central government, calling out its “failed foreign policy” for triggering a worsening energy crisis in the country. Speaking during a discussion in the Assembly, the minister raised concerns over shrinking petroleum and LPG stocks, the shutdown of fertiliser plants in the state, and what he described as discrimination in gas supply to the state, while demanding that the Centre disclose th…
Bhopal, March 10 (IANS) The Madhya Pradesh government on Tuesday constituted a Cabinet Committee to monitor the potential impact on the state and reviewed the emerging situation arising from developments in the Middle East.The three-member panel comprises Deputy Chief Minister Jagdish Deora, Food and Civil Supplies Minister Govind Singh Rajput, and MSME Minister Chaitanya Kumar Kashyap.The committee will hold regular meetings and review the problems faced by residents of Madhya Pradesh living in…
New Delhi, March 10 (IANS) India is securing its energy needs by diversifying import sources beyond West Asia amid rising geopolitical tensions in the region, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Tuesday, assuring citizens that domestic gas supplies remain stable.During an informal interaction with members of the media, Puri said India continues to receive energy imports through different sources and supply routes, ensuring stability in the country’s fuel availab…
New Delhi, Jan 6 (IANS) The ongoing geopolitical tension between the United States and Venezuela does not pose any immediate risk to India and that the country’s oil import bill is unlikely to rise under present conditions, a report said on Tuesday.The report from Bank of Baroda said the import bill will remain unchanged as “global crude supplies are likely in a glut mode”, and Venezuela’s share of global production is marginal at about 1 per cent.The bank maintained that Venezuela’s prove…