India currently maintains a combined energy buffer of over 250 million barrels of crude oil and refined petroleum products, equivalent to approximately 4,000 crore litres, according to a government report. This stockpile provides seven to eight weeks of coverage across the full supply chain,
Despite the Rs 60 increase in the Domestic 14.2 kg Liquefied Petroleum Gas (LPG) cylinder, LPG prices in India remain lower than in several neighbouring countries, people familiar with the matter told ANI. On Saturday, 14.2 kg cylinder prices were increased by Rs 60, costing about Rs 913 in
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.
The Government of Pakistan has announced a sharp hike in the prices of petrol and diesel by PKR 55 per litre, in the wake of the escalating security situation in West Asia, as per a report by ARY News.
Union Minister for Road Transport and Highways Nitin Gadkari on Friday took a swipe at the "petroleum lobby" while addressing a green energy-related programme in Pune, asserting that no one can influence him and warning of strict action against those not working transparently.
The ongoing conflict in West Asia is likely to disrupt logistics for India's fertiliser imports and could significantly impact the agrochemical sector due to its dependence on petroleum-based inputs, said Nand Kishore Aggarwal, Chairman of the Chemical and Plastic Committee at PHD Chamber of
India is in a "very comfortable position" regarding crude oil, petroleum products and LPG supplies despite concerns over disruptions through the Strait of Hormuz, government sources said on Friday.
The sources further stated that India is in a comfortable position with respect to LPG and LNG supplies. The government, according to sources, is keeping a close watch on the global energy market to ensure uninterrupted supplies for the country.
Following the outbreak of hostilities in the Middle East and the evolving global energy situation, Hardeep Singh Puri, Minister of Petroleum & Natural Gas, informed that "the country is well stocked with crude oil and inventories of key petroleum products including petrol, diesel and ATF to
"We are continuously monitoring the evolving situation, and all necessary steps will be taken in order to ensure availability and affordability of major petroleum products in the country," the Ministry of Petroleum and Natural Gas said in a post on X.
Prime Minister Narendra Modi on Sunday extended birthday greetings to Union Minister of Petroleum and Natural Gas and former Diplomat Hardeep Singh Puri, lauding his efforts towards strengthening India's self-reliance in the petroleum and natural gas sectors.