Brent Crude goes over USD 130 per barrel surpassing top 2012 mark

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

"India has sufficient gas production and supply arrangements to sustain this position even in the event of a prolonged conflict. Power generation for every household and for industry is fully protected," Hardeep Singh Puri said. Opposition members sloganeered and protested against Puri's remarks.

Chandigarh [India], March 12: inDrive, the global mobility and urban services platform known for its fair-price model and user-first approach, today announced the launch of inDrive Ride XL in Chandigarh. The new category introduces spacious 6-seater vehicles, designed to make group travel, family outings, airport transfers, and intercity journeys more comfortable while allowing passengers to negotiate and agree on a fair fare directly with drivers.

India's Consumer Price Index or retail inflation in February was recorded at 3.21 per cent, official data showed on Thursday.

Delhi is expected to witness another significant rise in electricity demand this summer. According to the State Load Despatch Centre (SLDC), last year, Delhi's peak power demand had clocked 8442 MW. This year, it is likely to cross 9000 MW. The expected peak of over 9000 MW represents an increase of over 300 per cent compared to the 2879 MW recorded in 2002. Current trends suggest that Delhi's peak power demand is likely to cross the 10,000 MW mark by 2028-2029.

Indian stock markets settled in the red on Thursday as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment.

If crude oil prices sustain above USD 100 per barrel in FY27, the Central government's annual additional expenditure could rise by Rs 3.6 lakh crore, according to a report by Elara Securities.

Petroleum and Natural Gas Minister Hardeep Puri will give a statement in Lok Sabha on the overall energy position of India amid West Asia conflict that has invariably affected shipping lines.

Bhubaneshwar (Odisha) [India], March 12: Jindal Steel has been declared the preferred bidder by the Government of Odisha for the Rengalaberha North-East Extension and Nuagan West Iron Ore Block in Keonjhar district. The iron ore block spans approximately 84 hectares. Following the successful conclusion of the online auction, Jindal Steel has committed to a final price offer of 111.15 per cent premium to the Government of Odisha.

New Delhi [India], March 12: Motorola, a global leader in mobile technology and innovation and India's leading AI smartphone brand#, today announced the sale of the motorola edge 70 fusion, bringing breakthrough camera innovation, immersive visuals, intelligent AI experiences, and massive battery life to the mid-premium smartphone segment. Starting today, consumers can purchase the device from 12PM onwards on Flipkart, Motorola.in, and leading retail stores across India, at an effective launch price starting at just Rs. 24,999*.