New Delhi, June 12 (IANS) The government on Friday introduced temporary restrictions on diesel sales through retail outlets to curb hoarding and black marketing, as public sector oil marketing companies (OMCs) continue to absorb losses of around Rs 500 crore per day to shield consumers from global fuel price volatility.The Ministry of Petroleum and Natural Gas said that the ‘Motor Spirit and High-Speed Diesel (Temporary Regulation of Supply through Retail Outlets) Order, 2026′ introduces tempo…
Latest Public Sector Oil Marketing Companies News & Updates
New Delhi, May 24 (IANS) Amid concerns over fuel availability in some areas, Bharat Petroleum Corporation Limited Former Marketing Director Sukhmal Kumar Jain on Sunday said there is no shortage of petrol or diesel in the country, adding that public sector oil marketing companies are fully managing fuel consumption and supply.Speaking exclusive to IANS, Jain said that public sector oil marketing companies (OMCs) operate around 85,000 retail outlets out of the nearly one lakh fuel stations across…
Mumbai, May 22 (IANS) In the wake of widespread rumours regarding a potential fuel crisis, Maharashtra’s Food, Civil Supplies, and Consumer Protection Minister, Chhagan Bhujbal, on Friday assured the people that the state has an ample supply of petrol and diesel. Speaking to the media, he urged citizens to refrain from panic buying and unnecessary hoarding.The Minister revealed that panic-driven purchasing has led to an unusual surge in demand, with petrol and diesel sales spiking by 20 per ce…
New Delhi, May 3 (IANS) About 47 lakh domestic Liquefied Petroleum Gas (LPG) cylinders were delivered across the country on Saturday, indicating that there were no shortages or gaps in gas supply despite the military conflict in West Asia and the subsequent Strait of Hormuz blockade. According to the Petroleum Ministry, the online LPG cylinder bookings increased to 99 per cent on industry basis yesterday, and around 47 lakh domestic LPG cylinders were delivered against bookings of around 47.4 la…
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 1 (IANS) India’s crude inventory is adequate, and all necessary arrangements have been made to ensure sufficient crude supply for the next two months, the government said on Wednesday.Petroleum and Natural Gas Ministry’s Joint Secretary, Marketing and Refinery, Sujata Sharma, said all refineries are operating at optimal capacity, and no instances of fuel shortages have been reported at retail outlets.”I would also like to highlight that about two months ago, Brent crude was trad…
New Delhi, April 1 (IANS) The Ministry of Petroleum and Natural Gas clarified on Wednesday that only the price of commercial LPG have been increased in the country, while that of domestic LPG has been left unchanged to protect households from the sharp rise in the cost at which the cooking gas is being imported amid disruptions due to the Iran war.“Prices of commercial LPG cylinders, used by industries and hotels, are deregulated, market determined and revised normally on a monthly basis. Thei…
New Delhi, April 1 (IANS) The government on Wednesday said that domestic airfares are unlikely to see a sharp rise as it has cushioned the impact of a steep surge in aviation turbine fuel (ATF) prices by allowing only a partial increase for domestic airlines.According to the Ministry of Petroleum and Natural Gas (MoPNG), ATF prices in India — deregulated since 2001 — are revised monthly based on international benchmarks. Given the current geopolitical situation, ATF prices for domestic markets…