The primary concern for the Indian economy is the sharp increase in fuel costs. According to the report, "Brent has moved up from a range of US$ 65-US$ 70 per barrel to US$ 110 per barrel since the war broke out." This surge is linked to major infrastructure failures in the region. "Iran's o
Samajwadi Party MP Ram Gopal Yadav on Sunday alleged that the Union government is "misleading" the public with respect to the fuel concerns arising out of the disruption of maritime traffic in the Strait of Hormuz as the military escalation in the Middle East enters into the second week.<
"The Central Government has assessed that the ongoing conflict in the Middle East has resulted in the "disruption of liquefied natural gas shipments through the Strait of Hormuz", which has led to suppliers invoking force majeure clause which would entail diversion of natural gas to the prio
"First, this government increases the prices of commercial and domestic LPG. The war has been going on nine or ten days and there is a gas shortage. Along with this, there is an instruction that domestic gas will not be booked before 25 days in cities. For this shortage, the Petroleum Min
The Ministry of Petroleum and Natural Gas issued orders to oil refineries to increase Liquefied Petroleum Gas (LPG) production and directed that such additional output be channelled specifically for domestic use. This decision follows recent geopolitical disruptions that created constraints
Amid ongoing West Asia tensions affecting global fuel supply, the Central government has instructed oil refineries across the country to increase LPG production. The additional output will be diverted to meet domestic household demand and help stabilise supply in the coming months, the Mi
Gas-based crematorium furnaces operated by the Pune Municipal Corporation (PMC) will remain temporarily closed following directions issued by the Ministry of Petroleum and Natural Gas to prioritise propane and butane supplies for domestic LPG consumption
In an interview with ANI, Mishra highlighted that India's heavy reliance on imported "dense energy" makes it a primary target for global price volatility. "Every dollar increase per barrel costs approximately $1.8 billion annually. For instance, a $50 increase in oil prices represents a $90
The gas-based crematorium furnaces operated by the Pune Municipal Corporation (PMC) in Pune will be temporarily closed following directives from the Ministry of Petroleum and Natural Gas. This decision comes as the ministry has prioritised propane and butane supplies for domestic LPG cons
Chairperson of Congress' Media and Publicity Department, Pawan Khera, on Saturday slammed Petroleum and Natural Gas Minister Hardeep Singh Puri over the hike in the prices of LPG cylinders.
Escalating tensions in West Asia, particularly around Iran and the Strait of Hormuz, could pose near-term risks to global markets through higher energy prices, though India's underlying economic momentum remains relatively resilient, according to a report by Jefferies.
The ceramic industry in Gujarat's Morbi has been affected by a shortage of natural gas amid the ongoing conflict in West Asia, President of Morbi Ceramic Manufacturers Association, Manoj Arvadiya, said.