New Delhi, June 5 (IANS) Union Minister for Petroleum and Natural Gas Hardeep Singh Puri met Acting President of Venezuela Delcy Eloína Rodríguez Gómez here to discuss opportunities for an enduring energy partnership, an official statement said on Friday.The minister reaffirmed India’s support for Venezuela’s energy reconstruction adding that Indian companies are ready to deepen their presence in Venezuela.Recognising Venezuela’s key role in India’s energy diversification strategy, he…
Latest Public Sector Oil Companies News & Updates
New Delhi, May 27 (IANS) Under the direction of the government, the public sector oil companies are currently absorbing losses on the sale of petrol, diesel, and LPG to the tune of Rs 550 crore per day as they have refrained from passing on the full increase in global prices to protect domestic consumers, the Ministry of Petroleum and Natural Gas said on Wednesday.This cushion, which has been put in place due to the disruption caused by the West Asia crisis, is intended for the retail consumers:…
New Delhi, May 27 (IANS) Defence Minister Rajnath Singh said on Wednesday that citizens should avoid the panic purchase of petrol, diesel and LPG as the supply situation in the country today is normal, with the Government pulling out all stops to ensure the availability of all essential items. The minister’s comments came after the 6th meeting of the Informal Group of Ministers (IGoM) undertook a review of the availability of essential commodities and the resilience of the country’s supply c…
New Delhi, May 25 (IANS) The Centre on Monday notified the Liquefied Petroleum Gas (Regulation of Supply and Distribution) Amendment Order, 2026, aimed to provide additional relaxation and convenience to domestic LPG consumers who shift to piped natural gas (PNG) connections.Under the amended provisions, LPG consumers who have PNG connections as well may apply for termination of the LPG connection within 30 days of obtaining a PNG connection. These consumers may obtain a transfer voucher for fut…
New Delhi, May 19 (IANS) The government has ensured that the price hike in petrol and diesel has been restricted to 4.4 per cent, the lowest among major economies, while that of domestic liquefied petroleum gas has remained constant, by reducing excise duty and asking the oil companies to absorb the losses due to the cost of imported crude soaring past $100 a barrel. Public sector oil companies have absorbed under-recoveries of Rs 24,500 crore on petrol and diesel to keep pump prices on hold, be…
New Delhi, May 13 (IANS) RBI Governor Sanjay Malhotra said that if the Middle East conflict continues, India may be forced to raise petrol and diesel prices due to the soaring cost of crude oil in the global market. The RBI Governor highlighted that rising energy prices due to the Iran war are testing India’s flexible inflation targeting, necessitating potential policy intervention by the Reserve Bank. The central bank’s next monetary policy meeting is slated for June 5, when it will take a ca…
New Delhi, May 8 (IANS) More than 97 lakh domestic LPG cylinders were delivered against bookings of around 87.66 lakh cylinders in the last two days, with online bookings for cooking gas rising to 99 per cent, according to an update issued by the Ministry of Petroleum and Natural Gas on Wednesday.The supply of domestic LPG is normal, with 95 per cent of the deliveries based on the authentication code sent to registered mobile numbers of consumers to prevent diversion at the distributor level. No…
New Delhi, May 6 (IANS) More than 87.28 lakh domestic LPG cylinders were delivered against bookings of around 88.82 lakh cylinders in the last two days, with 95 per cent of the deliveries based on the authentication code sent to registered mobile numbers of consumers to prevent diversion at the distributor level, according to an update issued by the Ministry of Petroleum and Natural Gas on Wednesday.The supply of domestic LPG is normal with online bookings for cooking gas rising to 99 per cent a…
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…
New Delhi, April 24 (IANS) The Ministry of Petroleum and Natural Gas said on Friday that more than 81,000 small 5 kg LPG cylinders were sold across the country, bringing the total to 17.83 lakh during April. “So far, the supply of domestic LPG continues to be normal, with no dry-outs being reported at retail distributorships,” the ministry informed.The 5 kg LPG cylinders are used by migrant workers in urban areas for cooking.Besides, 5.27 lakh PNG connections have been gasified, and…