Prime Minister Narendra Modi on Thursday outlined a dual approach to energy security: boosting domestic infrastructure for wider access and promoting self-sufficiency to cut reliance on imports.
"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
Speaking in the Lok Sabha, Rahul Gandhi said the war involving the United States, Israel and Iran is likely to have far-reaching global and domestic repercussions. He noted that the Strait of Hormuz, through which nearly 20% of the world's oil supply passes, has been blocked, creating a m
Pakistan faces a severe shortage of life-saving medicines, including cancer drugs and vaccines, due to government delays in notifying official prices. While global supply remains stable, regulatory hurdles have stalled legal imports, raising concerns over patient survival and the potential r
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.
Congress MP Manickam Tagore on Thursday sought a parliamentary debate on the reported shortage of commercial LPG cylinders, questioning the import dependence and lack of storage facilities.
The Trump administration has launched "unfair trade practice" probes into 16 nations, including India and China, to reinstate tariff pressure. US Trade Representative Jamieson Greer stated the "investigations will focus on economies" with "structural excess capacity." Additional probes in
Domestic LPG production has increased by about 25 percent and the entire domestic LPG production is being directed towards household consumers, Ministry of Petroleum & Natural Gas said on Wednesday.
Rashtriya Janata Dal (RJD) MP Sudhakar Singh on Wednesday warned of worsening LPG shortage, accusing the government of hiding facts and citing failures in foreign policy.
Due to the current West Asia geopolitical situation and blockade on LPG imports, available supplies are being carefully rationed to ensure wider coverage, with domestic households being the top priority. The three major state-run oil marketing companies (OMCs) have initiated a judicial distr
The government has taken several steps to ramp up supply of domestic cooking gas in view of the conflict in West Asia and oil marketing companies will also talk to the various restaurant associations to understand their problems of LPG supply, sources said on Tuesday.
The Iran conflict could raise additional challenges for some emerging market sovereigns, including India, as far as energy imports, remittances, fiscal subsidies, exchange rates and access to international finance are concerned, said Fitch Ratings.