A 17-year-old student in Chandauli, Uttar Pradesh, was found dead inside a library he owned. Police suspect suicide, possibly related to a love affair.
Petrol and diesel prices in India have seen their fourth increase in less than two weeks, pushing cumulative hikes to nearly Rs 7.5 per litre since May 15, reaching their highest levels since May 2022. This surge, driven by global crude oil costs and the Iran conflict, is expected to exacerbate inflationary pressures and raise transportation costs across the economy.
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) are reportedly incurring losses of Rs 18 per litre on petrol and Rs 35 per litre on diesel, as they continue to absorb rising crude oil costs without increasing retail prices. This situation is leading to expectations of a fuel price hike after upcoming state elections.
The Indian government has lifted the ban on setting up of petrol pumps and cooking gas agencies by allowing state-run oil firms to appoint dealers on their own.
Kerala Home Minister Ramesh Chennithala announced that parole would not be granted or extended on political grounds, assuring that eligible prisoners' legitimate rights would be protected. He highlighted ongoing prison reforms aimed at improving rehabilitation, welfare measures, and administration, including plans to amend the prison manual and strengthen security.
The petrol pump dealers, led by Federation of All Maharashtra Petrol Dealers, maintained that they would keep the 'dry' outlets open since its members are 'unable to purchase fuel for want of money.'
Reliance India Limited, which has secured a licence to set up 5,849 petrol stations, will set up its first 500 by March next year, petroleum secretary B K Chaturvedi said on Tuesday.
Petroleum products company Shell India Marketing Pvt Ltd (Shell Marketing) said on Thursday that it would follow the "company-owned retailer-operated" model to set up a network of petrol pumps across the country.
The Morena administration in Madhya Pradesh has banned sand mining and transportation from the Chambal River, along with restricting fuel sales to unregistered vehicles, following criticism from the Supreme Court regarding illegal mining activities.
Petroleum Minister Murli Deora appealed on to petrol pump operators on Wednesday to call off their proposed two-day strike from April 13 saying their main demand of raising commission on sale of petrol and diesel will be considered.
Bangladesh is importing 5,000 tonnes of diesel from India through a cross-border pipeline on Tuesday, according to officials. The fuel consignment will enter Bangladesh through the Parbatipur point, said Muhammad Rezanur Rahman, chairman of the Bangladesh Petroleum Corporation (BPC).
India's largest refiner, Reliance Industries Ltd, is in talks with public sector oil marketer Hindustan Petroleum Corporation for a tie-up to run the former's fuel retail outlets, closed a year earlier.HPCL has issued a limited tender to five merchant bankers to advise it on the deal.Last year, RIL closed 1,400 petrol pumps -- 900 owned by the company and the rest managed by dealers.
Indian oil marketing companies are incurring significant losses, selling petrol at a Rs 14 per litre loss and diesel at Rs 18 per litre, as elevated global crude oil prices, exacerbated by the West Asia crisis, outpace capped retail fuel rates, according to rating agency Icra.
Indian Oil Corporation may bid for acquiring petrol pumps owned by Kuwait Petroleum Corporation and Jet, a subsidiary of Canoco Philips, in Thailand to expand its retailing operations beyond India.
A man was arrested in Kannur, Kerala, for allegedly stealing a police vehicle parked inside a police station compound. The accused, identified as Hamsath, allegedly trespassed into the cyber police station compound, stole an SUV, and was later apprehended after arousing suspicion at a local eatery.
India bought 1.87 million barrels of Russian oil per day in May so far, meeting approximately 40 per cent of its oil imports.
The government had cancelled allotment of over 3000 petrol pumps and LPG dealerships in the wake of a controversy over their selection.
Essar Oil on Tuesday said it will set up 50 petrol stations before the end of this fiscal.
Pakistani security forces killed a suspected militant driving an explosive-laden vehicle towards a check post in Khyber Pakhtunkhwa province, resulting in an explosion that injured seven civilians.
Global oil prices fell on Thursday to their lowest levels since before the outbreak of the Iran conflict, offering a significant economic tailwind for India, the world's third-largest crude importer, by easing inflation risks, reducing the import bill and improving the government's fiscal position.
The government has sharply reduced excise duty on petrol to 3 and diesel to zero, offering major relief to consumers. Here's how the price cut will impact fuel rates and inflation.
'There is no shortage of fuel whatsoever.' 'India is stock surplus as far as petrol and diesel are concerned.'
The Ruias-managed Essar Oil is fast catching up with Reliance Industries in the number of petrol pumps set up by private sector retailers.
Royal Dutch/Shell said on Wednesday that it will open up its first petrol station in India by the end on 2004 and begin importing liquefied natural gas in the first quarter of 2005.
Congress leader Rahul Gandhi on Monday launched a scathing attack on Prime Minister Narendra Modi over the latest fuel hike, saying mehangai manav has struck again and he has just one job of making promises during elections and attacking people's pockets at other times.
'OMCs are incurring losses of Rs 1,000 crore per day due to the West Asia crisis.'
A businessman in Aligarh was allegedly murdered by his neighbour after he refused to lend him money, according to police. The accused and three associates have been arrested in connection with the crime.
Credit card payments to buy fuel at petrol pumps will from October 1 not get a 0.75 per cent discount that State-owned oil companies had introduced more than two-and-a-half years back to promote digital payments.
An explosion occurred outside the Punjab BJP headquarters in Chandigarh, prompting an investigation by police and the National Investigation Agency. A crude device is suspected to have been used, causing damage to a scooter parked nearby.
Dealers are not happy with the company's latest retailing policy and decided not to re-open their pumps.
A history sheeter allegedly opened fire at a youth in Thane city due to an old enmity. The youth escaped unhurt, and police are searching for the accused.
Union Finance Minister Nirmala Sitharaman has warned that the ongoing West Asia crisis is not merely a geopolitical issue but will directly lead to higher fuel costs for common people and businesses, impacting shipping, input availability, and export orders.
The Indian government has issued a stern warning to industrial users who are reportedly procuring cheaper retail fuel instead of industrial-grade fuel, leading to significant losses for state-run oil marketing companies (OMCs) and potential local shortages. This diversion, driven by a substantial price difference between retail and bulk diesel, is adversely impacting OMCs, which are absorbing daily losses of approximately 550 crore to keep retail prices stable.
The Indian government has increased measures to secure fuel and gas supplies following the Strait of Hormuz closure, urging citizens to avoid panic buying. Refineries are operating at high capacity, and sufficient stocks of petrol and diesel are available nationwide.
Aviation fuel prices for domestic airlines remain unchanged, providing stability for local carriers, while commercial LPG and 5-kg cylinders see a significant rate hike due to rising international energy costs.
India possesses two months of fuel stockpiles and faces no supply concerns despite global energy disruptions, according to Oil Minister Hardeep Singh Puri. However, state-run fuel retailers are incurring losses of up to Rs 1 lakh crore in a single quarter due to elevated crude prices and unchanged retail fuel prices, raising questions about the sustainability of these losses.
A 16-year-old boy in Varanasi, India, died after allegedly being beaten with sticks over suspicion of mobile theft. Police have registered a case and are investigating.
The Supreme Court rejected a PIL challenging the nationwide rollout of 20% ethanol-blended petrol (EBP-20), citing benefits to sugarcane farmers. The plea alleged incompatibility issues with older vehicles.
