Indian Oil Corporation has initiated measures to enhance Liquefied Petroleum Gas (LPG) production and prioritise its availability for domestic consumers following geopolitical disruptions to global fuel supplies. In a statement on Tuesday, the corporation confirmed that the Ministry has t
According to the Petroleum Ministry, the government has issued a control order directing refineries and petrochemical units to maximize the production of liquefied petroleum gas (LPG) and divert key hydrocarbon streams to the LPG pool to ensure an uninterrupted supply of cooking gas acros
"Indian government has introduced Essential Commodities act, as gas supply for cylinders should be avoided, and only domestic cylinders should be given. We are forcing the Central government to bring the hotels under the Essential Commodities section. The government has ordered the oil co
United States President Donald Trump on Tuesday warned Iran against attempting to disrupt global oil supplies, saying Washington would respond with overwhelming force if Tehran tried to interfere with energy shipments through the strategically vital Strait of Hormuz.
"The next booking for LPG cylinders will be allowed only after the 25th day from the date of the previous delivery, and there is no shortage in supply of LPG as it is stated by oil companies. Commercial LPG cylinders have not been issued since yesterday, but an exemption has been given to
This comes a day after 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 is out because of one vishwaguru. Mr. Puri said we can hold for 60 days, When war started they said 25 days stock only. When is the act evoked? In the crises ? Have we elected them to make only reels? You say trump is your good friend. What is this now?" Kharge said.
" It is a natural fallout of the crisis in the Middle East. It is the unprovoked attack by the US on Iran which has provoked this. We should also develop other supply chains. This is not something one could have foreseen. Going forward, we must develop multiple supply chains so that we ar
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