News for 'petroleum'

Tanker With Iranian Oil Heads To India, First Since 2019

Tanker With Iranian Oil Heads To India, First Since 2019

Rediff.com2 Apr 2026

A US-sanctioned tanker carrying Iranian crude oil is heading to India, marking the resumption of oil imports from Iran after seven years.

India's Reliance On Strait Of Hormuz Exceeds Global Average

India's Reliance On Strait Of Hormuz Exceeds Global Average

Rediff.com10 Apr 2026

'The West Asia or the Gulf crisis has shown that what we develop as national infrastructure when things are not as bad as they could be, we forget to plan for adversities.'

23 workers killed in massive blast at TN firecracker unit

23 workers killed in massive blast at TN firecracker unit

Rediff.com19 Apr 2026

At least 18 people were charred to death, and six others sustained grievous injuries following a massive explosion at a private firecracker manufacturing unit near Virudhunagar, the police said on Sunday.

Moody's cuts India's FY27 growth forecast to 6% amid West Asia conflict

Moody's cuts India's FY27 growth forecast to 6% amid West Asia conflict

Rediff.com22 Apr 2026

Moody's Ratings has downgraded India's growth forecast for financial year 2026-27 (FY27) to 6 per cent from 6.8 per cent, attributing the revision to weaker consumption and industrial activity, elevated energy prices, and rising input costs stemming from the West Asia conflict.

Tanker carrying 15,400 tonnes of LPG arrives at Navi Mumbai

Tanker carrying 15,400 tonnes of LPG arrives at Navi Mumbai

Rediff.com9 Apr 2026

An India-flagged vessel carrying 15,400 tonnes of liquefied petroleum gas (LPG) successfully crossed the Strait of Hormuz and arrived at Jawaharlal Nehru Port Authority (JNPA), demonstrating the resilience of maritime operations amid geopolitical tensions in West Asia.

Phew! India Secures Month-Long LPG Supply

Phew! India Secures Month-Long LPG Supply

Rediff.com27 Mar 2026

Around one full month of supply is firmly arranged with additional procurement being continuously finalised, and oil companies are successfully delivering over 5 million cylinders every day.

HPCL Double Murder: Accused Surrenders in Budaun Court

HPCL Double Murder: Accused Surrenders in Budaun Court

Rediff.com8 Apr 2026

A key accused in the double murder case at a Hindustan Petroleum Corporation Limited (HPCL) ethanol plant in Budaun, Uttar Pradesh, has surrendered to authorities along with his brother.

IRGC fired upon 14 Indian ships in Hormuz, one was hit: Sources

IRGC fired upon 14 Indian ships in Hormuz, one was hit: Sources

Rediff.com18 Apr 2026

A convoy of India-bound ships carrying crude oil and gas was stopped by the Iranian Revolutionary Guard Corps (IRGC) in the Strait of Hormuz, leading to several vessels returning to the Persian Gulf.

5 Of The World's Largest Oil Refineries

5 Of The World's Largest Oil Refineries

Rediff.com7 Apr 2026

Oil processing facilities form the foundation of the worldwide energy sector, converting crude petroleum into essential fuels such as petrol, diesel, aviation fuel and various petrochemical products.

India 'well stocked' with crude oil to meet supply disruptions: Puri

India 'well stocked' with crude oil to meet supply disruptions: Puri

Rediff.com4 Mar 2026

India is well-stocked with inventories of crude oil and key petroleum products, including petrol, diesel, and aviation turbine fuel (ATF), to deal with short-term disruptions as the war intensifies in West Asia, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday.

13 killed in blast at fireworks unit ahead of Thrissur Pooram

13 killed in blast at fireworks unit ahead of Thrissur Pooram

Rediff.com22 Apr 2026

A devastating explosion at a fireworks manufacturing unit in Thrissur, Kerala, has resulted in at least 13 fatalities and numerous injuries. The incident occurred as the unit was preparing crackers for the upcoming Thrissur Pooram festival.

Raid in Nanded Exposes Black Market LPG Operation

Raid in Nanded Exposes Black Market LPG Operation

Rediff.com16 Mar 2026

The District Supply Department in Nanded conducted a raid on a residence, uncovering an illegal stockpile of LPG cylinders and initiating legal action against the individual involved.

LPG Ships Clear Hormuz, India Supply Stable

LPG Ships Clear Hormuz, India Supply Stable

Rediff.com30 Mar 2026

18 Indian-flagged vessels with 485 Indian seafarers still remain in the western Persian Gulf region

Parliament adjourns sine die, Budget Session ends

Parliament adjourns sine die, Budget Session ends

Rediff.com18 Apr 2026

Both Houses of Parliament were adjourned sine die, concluding a Budget session marked by the passage of key legislations and the defeat of a Constitution amendment bill on women's reservation. The session saw frequent opposition protests and discussions on various issues, including the West Asia conflict.

Amid US blockade of Hormuz, India emphasises safe maritime passage

Amid US blockade of Hormuz, India emphasises safe maritime passage

Rediff.com16 Apr 2026

External Affairs Minister S Jaishankar has emphasised India's commitment to safe maritime transit and condemned attacks on merchant shipping amidst the ongoing West Asia conflict and global energy market disruptions.

India expresses concern over civilian deaths in Israeli strikes

India expresses concern over civilian deaths in Israeli strikes

Rediff.com10 Apr 2026

India has voiced its deep concern over reports of increasing civilian casualties in Lebanon due to Israeli strikes, emphasising the protection of civilians and the importance of international law.

Govt to end LPG supply to households refusing PNG switch

Govt to end LPG supply to households refusing PNG switch

Rediff.com25 Mar 2026

The government has mandated that cooking gas LPG supply to households will be discontinued if consumers fail to switch to piped natural gas where such connectivity is available, under a new order aimed at accelerating gas network expansion and reducing reliance on a single fuel.

No shortage, 60 days of fuel stocks available: Govt

No shortage, 60 days of fuel stocks available: Govt

Rediff.com26 Mar 2026

The Indian government has refuted claims of fuel shortages, asserting that the country possesses approximately 60 days of fuel stock cover and that all petrol pumps are adequately stocked and operating normally.

Kadian and Damani set up CCI Snooker Classic Final Showdown

Kadian and Damani set up CCI Snooker Classic Final Showdown

Rediff.com21 Mar 2026

Digvijay Kadian of Punjab will face Brijesh Damani of Petroleum Sports Promotion Board in the final of the CCI Snooker Classic after both recorded semifinal victories.

Gulf War: Stocks That Tanked The Most

Gulf War: Stocks That Tanked The Most

Rediff.com14 Apr 2026

West Asia conflict triggers sharp sell-off in Indian markets, with realty, banking and auto stocks leading losses amid energy shock fears.

Rising Crude Prices Threaten Profit Margins of Indian OMCs -- IOC, BPCL, HPCL

Rising Crude Prices Threaten Profit Margins of Indian OMCs -- IOC, BPCL, HPCL

Rediff.com11 Mar 2026

S&P Global Ratings warns that Indian oil marketing companies like IOC, BPCL, and HPCL may face reduced profit margins due to rising crude oil prices and government pressure to maintain stable retail prices.

PM Modi to Assess Energy Security Amid Middle East Unrest

PM Modi to Assess Energy Security Amid Middle East Unrest

Rediff.com22 Mar 2026

Prime Minister Narendra Modi will chair a meeting with senior ministers to assess the petroleum, power, and fertiliser sectors in light of the ongoing situation in West Asia, focusing on ensuring uninterrupted supply and stable logistics.

PM Modi to Assess Energy Security Amid Middle East Unrest

PM Modi to Assess Energy Security Amid Middle East Unrest

Rediff.com22 Mar 2026

Prime Minister Narendra Modi will chair a meeting with senior ministers to review the petroleum, power, and fertiliser sectors in light of the evolving situation in West Asia, focusing on ensuring uninterrupted supply and stable logistics.

Haryana Government Seizes Hundreds of LPG Cylinders in Black Market Crackdown

Haryana Government Seizes Hundreds of LPG Cylinders in Black Market Crackdown

Rediff.com24 Mar 2026

The Haryana government is taking strict action against black marketing of cooking gas cylinders, registering FIRs and seizing hundreds of cylinders to ensure adequate supply for citizens.

Pakistan hikes fuel price by 200% amid Iran war

Pakistan hikes fuel price by 200% amid Iran war

Rediff.com23 Mar 2026

Pakistan has significantly increased the price of high-octane fuel, impacting luxury vehicle owners, while also seeing increases in petrol, diesel, and airline fares due to rising global oil prices.

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Rediff.com20 Mar 2026

Petrol diesel price today March 20, 2026: IOCL & HPCL hike premium petrol (XP95, Speed, Power) by 2/litre and industrial diesel by 22/litre. Regular petrol in Delhi 94.77, diesel 87.67 unchanged. Full city-wise rates inside.

Haryana Government Seizes Hundreds of LPG Cylinders in Black Market Crackdown

Haryana Government Seizes Hundreds of LPG Cylinders in Black Market Crackdown

Rediff.com24 Mar 2026

The Haryana government is taking strict action against individuals involved in the black marketing of cooking gas cylinders, resulting in multiple FIRs and the seizure of hundreds of cylinders.

India 'deplores' attack on Gujarat-bound ship in Strait of Hormuz

India 'deplores' attack on Gujarat-bound ship in Strait of Hormuz

Rediff.com12 Mar 2026

India has condemned the escalating attacks on commercial shipping in West Asia, particularly after a Thai-flagged vessel en route to India's Kandla Port was targeted in the Strait of Hormuz. The attacks have disrupted global oil and gas supplies, impacting India's energy imports.

Govt doubles daily quota of 5kg LPG cylinders for migrant workers

Govt doubles daily quota of 5kg LPG cylinders for migrant workers

Rediff.com7 Apr 2026

The Indian government has doubled the daily quota of market-priced 5-kg LPG cylinders for migrant workers to ensure stable fuel supplies amidst global disruptions. This move prioritises household cooking gas and addresses the needs of migrant workers who often lack regular connections.

Iran War Hits Kerala Tourism Hard

Iran War Hits Kerala Tourism Hard

Rediff.com15 Apr 2026

'We have lost 70-80 per cent of our business from foreign guests.'

Crude at $130 could unsettle growth outlook: S&P Global

Crude at $130 could unsettle growth outlook: S&P Global

Rediff.com15 Apr 2026

S&P Global Ratings warns that a sustained rise in crude oil prices to $130 per barrel could significantly slow India's economic growth, weaken fiscal metrics, and strain corporate and banking sector performance, potentially reducing growth by up to 80 basis points.

Petrol, Diesel Price March 20, 2026: Premium Petrol Hiked Rs 2, Industrial Diesel Rs 22 - Regular Rates Unchanged

Petrol, Diesel Price March 20, 2026: Premium Petrol Hiked Rs 2, Industrial Diesel Rs 22 - Regular Rates Unchanged

Rediff.com20 Mar 2026

Petrol diesel price today March 20, 2026: IOCL & HPCL hike premium petrol (XP95, Speed, Power) by 2/litre and industrial diesel by 22/litre. Regular petrol in Delhi 94.77, diesel 87.67 unchanged. Full city-wise rates inside.

BPCL Customers Face Charges Over Misappropriated Funds

BPCL Customers Face Charges Over Misappropriated Funds

Rediff.com2 Apr 2026

Seven customers of Bharat Petroleum Corporation Limited (BPCL) in Indore have been booked for allegedly misappropriating over Rs 5.7 crore that was wrongly deposited into their digital wallets. Police are investigating how Rs 129.55 crore was incorrectly credited to around 1,000 BPCL 'Smart Fleet' customers.

Iran calls India a 'trusted partner'; asserts control over Hormuz

Iran calls India a 'trusted partner'; asserts control over Hormuz

Rediff.com14 Apr 2026

Iran's ambassador to India, Mohammad Fathali, has described India as a "reliable and compassionate" partner while asserting Tehran's territorial authority over the Strait of Hormuz amidst ongoing regional tensions.

Govt bars LPG for households with piped gas connections

Govt bars LPG for households with piped gas connections

Rediff.com15 Mar 2026

India restricts subsidised LPG connections for households with piped natural gas (PNG) to ensure equitable distribution and address global energy supply concerns, pushing for faster PNG adoption.

OMCs unlikely to hike fuel prices, ONGC stock poised for 65% upside: CLSA

OMCs unlikely to hike fuel prices, ONGC stock poised for 65% upside: CLSA

Rediff.com27 Mar 2026

State-run oil-marketing companies (OMCs) are unlikely to significantly raise petrol and diesel prices despite crude oil nearing $100 a barrel, leading to potential margin pressure, while CLSA analysts project a 65 per cent upside for ONGC's stock.

2 held for hoarding 398 LPG cylinders in Madurai

2 held for hoarding 398 LPG cylinders in Madurai

Rediff.com13 Mar 2026

Tamil Nadu Petroleum Dealers' Association urged people not to panic-buy petrol or diesel, stating that 14 terminals in Tamil Nadu have enough stock to replenish 7,000-plus retail outlets as per their demand.

Haryana Government Takes Action Against LPG Black Marketing, Seizes Hundreds of Cylinders

Haryana Government Takes Action Against LPG Black Marketing, Seizes Hundreds of Cylinders

Rediff.com24 Mar 2026

The Haryana government is taking strict measures to combat the black marketing of cooking gas cylinders, registering FIRs and seizing hundreds of cylinders. Officials assure citizens of sufficient LPG supply despite global concerns.

LPG Cylinders Stolen in Mumbai, Police Investigate

LPG Cylinders Stolen in Mumbai, Police Investigate

Rediff.com29 Mar 2026

Mumbai police are investigating the theft of 27 LPG cylinders from a delivery vehicle in Charkop, Kandivali (West), amid concerns about gas supply due to the conflict in West Asia.

India gets 30-day US waiver to buy Russian oil amid Iran war

India gets 30-day US waiver to buy Russian oil amid Iran war

Rediff.com6 Mar 2026

Amidst escalating tensions with Iran, the US has granted India a temporary 30-day waiver to continue purchasing Russian oil, aiming to stabilise global energy markets and encourage future US oil imports by India.