News for 'petroleum'

Modi calls for action to protect citizens from West Asia conflict impact

Modi calls for action to protect citizens from West Asia conflict impact

Rediff.com2 Apr 2026

Prime Minister Narendra Modi convened the Cabinet Committee on Security to address the impact of the West Asia conflict on Indian citizens, focusing on safeguarding them from the conflict's effects and ensuring the smooth flow of essential supplies.

India Relaxes Import Duties on Key Petrochemicals to Stabilise Supply Chains

India Relaxes Import Duties on Key Petrochemicals to Stabilise Supply Chains

Rediff.com2 Apr 2026

The Indian government has waived customs duty on critical petrochemical products until June 30 to ensure supply stability and provide relief to consumers amid disruptions caused by the crisis in West Asia.

As Iran Tensions Surge, India Leans On UAE

As Iran Tensions Surge, India Leans On UAE

Rediff.com13 Apr 2026

For India, much is at stake: Crucial energy supplies traversing the Strait of Hormuz, the fate of its 10 million citizens living and working in West Asia -- who send generous remittances home -- and its major trade links with the region.

Bikaner's Bhujia, Papad Exports Hit by West Asia Conflict

Bikaner's Bhujia, Papad Exports Hit by West Asia Conflict

Rediff.com4 Apr 2026

The ongoing conflict in West Asia is severely disrupting Bikaner's food exports, causing delays, rising costs, and impacting the supply of popular snacks like bhujia and papad to Gulf and European markets.

Doval hosts Khalilur Rahman as India, Bangladesh move to reset ties

Doval hosts Khalilur Rahman as India, Bangladesh move to reset ties

Rediff.com8 Apr 2026

National Security Advisor Ajit Doval hosted Bangladesh Foreign Minister Khalilur Rahman for a dinner meeting, signalling efforts to repair bilateral ties after a period of heightened diplomatic tension.

Petrol Pump Owner and Staff Accused of Attacking Mining Inspection Team in Kaushambi

Petrol Pump Owner and Staff Accused of Attacking Mining Inspection Team in Kaushambi

Rediff.com29 Mar 2026

A mining inspector and his team were allegedly attacked by a petrol pump owner, staff, and truck drivers during a checking drive against overloaded sand-laden vehicles in the Pipri area of Kaushambi, Uttar Pradesh.

India pushing for dialogue, diplomacy to resolve West Asia crisis, Modi tells LS

India pushing for dialogue, diplomacy to resolve West Asia crisis, Modi tells LS

Rediff.com23 Mar 2026

Prime Minister Narendra Modi addressed Parliament on the West Asia crisis, advocating for dialogue and diplomacy, ensuring the safety of Indians in the region, and addressing concerns about fuel and food security.

Nayara Energy Increases Petrol and Diesel Prices Amidst Global Oil Surge

Nayara Energy Increases Petrol and Diesel Prices Amidst Global Oil Surge

Rediff.com26 Mar 2026

Nayara Energy, a private fuel retailer in India, has increased petrol and diesel prices following a surge in global oil prices due to Middle East tensions. This move contrasts with state-owned retailers who continue to freeze prices.

Over 500 LPG Cylinders Vanish from Truck in Jhansi Amid Holi Festivities

Over 500 LPG Cylinders Vanish from Truck in Jhansi Amid Holi Festivities

Rediff.com8 Mar 2026

More than 500 filled LPG cylinders were allegedly stolen from a truck in Jhansi during the Holi festival, according to police reports.

Sri Lanka Private Bus Operators Threaten Strike Over Fuel Price Surge

Sri Lanka Private Bus Operators Threaten Strike Over Fuel Price Surge

Rediff.com22 Mar 2026

Private bus operators in Sri Lanka warn of potential service disruptions and a nationwide strike due to significant fuel price increases, impacting public transport and raising concerns about inflation.

Advani Clinches Maiden National 9-Ball Pool Title in Dominant Display

Advani Clinches Maiden National 9-Ball Pool Title in Dominant Display

Rediff.com31 Mar 2026

Pankaj Advani, a multiple-time world champion in billiards and snooker, has added another title to his illustrious career by winning the National 9-ball pool title, defeating Nitin Sharma in the final.

No hike in fuel prices; over 10K PNG connections added daily: Govt

No hike in fuel prices; over 10K PNG connections added daily: Govt

Rediff.com27 Mar 2026

The petroleum ministry on Friday reaffirmed the government's commitment to maintaining stable petrol and diesel prices, despite India's high dependence on imports.

India turns to US, Russia, Africa for oil as Middle East conflict escalates

India turns to US, Russia, Africa for oil as Middle East conflict escalates

Rediff.com8 Mar 2026

Indian refiners are negotiating for additional crude cargoes from the US, Russia, and West Africa to ensure adequate supplies amid Middle East tensions. Refineries are maintaining normal processing rates and deferring maintenance to build reserves. The move comes as conflict impacts tanker movements through the Strait of Hormuz, a key energy transit route.

Ready-to-eat foods fill qcom baskets amid LPG curbs

Ready-to-eat foods fill qcom baskets amid LPG curbs

Rediff.com6 Apr 2026

Quick commerce platforms are experiencing a significant increase in demand for ready-to-eat food items as urban households face disruptions in cooking gas supply and a temporary outflow of migrant domestic help.

Now 25 Day Wait To Book Gas Cylinder

Now 25 Day Wait To Book Gas Cylinder

Rediff.com10 Mar 2026

The government has introduced a mandatory 25-day gap between LPG cylinder bookings due to supply concerns arising from global disruptions and tensions in the Strait of Hormuz. This measure aims to prevent hoarding and prioritise essential non-domestic sectors, while domestic LPG production is being increased to mitigate shortages.

PSPB and RBI Set Up Title Clash at Table Tennis Nationals

PSPB and RBI Set Up Title Clash at Table Tennis Nationals

Rediff.com16 Mar 2026

Petroleum Sports Promotion Board (PSPB) and Reserve Bank of India (RBI) will compete in the final of the 87th UTT Senior National Table Tennis Championships after defeating Uttar Pradesh and Karnataka respectively.

Govt ready with corrective steps: Union minister on West Asia conflict

Govt ready with corrective steps: Union minister on West Asia conflict

Rediff.com30 Mar 2026

The Indian government has implemented several measures to mitigate external risks, support the balance of payments, and maintain macroeconomic stability amidst the ongoing West Asia crisis, according to Minister of State for Finance Pankaj Chaudhary.

Saini Assures Farmers of Crop Purchase, Blames Opposition for Misinformation

Saini Assures Farmers of Crop Purchase, Blames Opposition for Misinformation

Rediff.com5 Apr 2026

Haryana Chief Minister Nayab Singh Saini has accused the opposition of misleading farmers regarding crop procurement, assuring that all produce will be purchased and that the government is addressing any difficulties in grain markets.

The Most Vicious Phase Of The War Is About To Begin

The Most Vicious Phase Of The War Is About To Begin

Rediff.com4 Apr 2026

The big question is whether Trump is any longer in command of the situation. For all practical purposes, the war seems set to cascade as the US is preparing for a potential ground operation in Iran and threatens to destroy 'bridges next, then electric power plants', points out Ambassador M K Bhadrakumar.

'Only they can play that role': Tharoor's dig at Pak over US-Iran talks

'Only they can play that role': Tharoor's dig at Pak over US-Iran talks

Rediff.com11 Apr 2026

Congress leader Shashi Tharoor discusses India's role in the US-Iran peace talks taking place in Islamabad, emphasising the importance of peace over competition with Pakistan and highlighting India's regional interests.

'To ease pressure': Trump on Russian oil waiver to India

'To ease pressure': Trump on Russian oil waiver to India

Rediff.com8 Mar 2026

When asked about Bessent's announcement allowing certain Russian oil sales to India and whether the US is considering any other moves, including tapping the Strategic Petroleum Reserve (SPR), Trump said, "If there were some, I would do it just to take a little of the pressure off."

How did India secure Hormuz passage for ships? Jaishankar reveals

How did India secure Hormuz passage for ships? Jaishankar reveals

Rediff.com16 Mar 2026

Amidst rising Middle East tensions, External Affairs Minister S Jaishankar highlights India's strategic dialogue with Iran to safeguard maritime traffic through the Strait of Hormuz, ensuring India's energy security and continued oil trade.

How An Indian Sailor Survived The Strait Of Hormuz

How An Indian Sailor Survived The Strait Of Hormuz

Rediff.com14 Apr 2026

'We kept our bags packed, ready to jump into the sea. Many times, I felt it could be my last day.'

Will hit Iran 'twenty times harder' if...: Trump

Will hit Iran 'twenty times harder' if...: Trump

Rediff.com10 Mar 2026

United States President Donald Trump has issued a strong warning to Iran, asserting that any attempt to impede the transit of petroleum through the Strait of Hormuz would be met with massive military retaliation.

Oil PSUs Spent 81% Of FY26 Capex Target

Oil PSUs Spent 81% Of FY26 Capex Target

Rediff.com23 Feb 2026

Of the 1.32 trillion capex target for FY26, State-run oil firms have already spent 1.07 trillion in the first 10 months.

Jaishankar speaks to Russia, EU on West Asia crisis amid oil concerns

Jaishankar speaks to Russia, EU on West Asia crisis amid oil concerns

Rediff.com11 Mar 2026

External Affairs Minister S Jaishankar discussed the West Asia conflict and its impact on energy supplies with his Russian counterpart Sergey Lavrov and EU's Foreign Policy chief Kaja Kallas.

Indian warships on standby near Persian Gulf to assist merchant vessels

Indian warships on standby near Persian Gulf to assist merchant vessels

Rediff.com15 Mar 2026

According to sources, the Indian Navy warships are on standby to provide assistance or help required by merchant vessels.

Suzuki Motorcycle India tempers FY27 growth forecast due to West Asia conflict, rising costs

Suzuki Motorcycle India tempers FY27 growth forecast due to West Asia conflict, rising costs

Rediff.com3 Apr 2026

Suzuki Motorcycle India Ltd (SMIPL) has revised its domestic two-wheeler sales growth estimate for FY27 downwards from 7-8 per cent, citing rising commodity costs due to the ongoing West Asia conflict and its impact on consumer affordability.

Payment issue? Govt reacts after Iranian oil tanker diverts from India to China

Payment issue? Govt reacts after Iranian oil tanker diverts from India to China

Rediff.com4 Apr 2026

India has refuted claims of payment issues hindering crude oil imports from Iran, clarifying that refiners have the flexibility to source oil from various global suppliers. The Ministry of Petroleum and Natural Gas addressed reports of a tanker rerouting to China, emphasising standard industry practices and secured oil requirements.

Which States Have High LPG Consumption?

Which States Have High LPG Consumption?

Rediff.com24 Mar 2026

India is home to more than 33 crore LPG users, yet consumption habits differ sharply from one region to the next. In metropolitan hubs such as Delhi, cooking gas is used far more frequently. In contrast, families in predominantly rural states like Bihar and Uttar Pradesh tend to make a cylinder last close to two months, as per PPAC estimates for 2025-26.

No need to panic, enough LPG supply for homes, says govt

No need to panic, enough LPG supply for homes, says govt

Rediff.com13 Mar 2026

The government has assured citizens that there is no need to panic book LPG cylinders, as uninterrupted supply to households is being ensured despite the ongoing conflict in West Asia.

Govt says fuel stocks adequate, warns against panic buying

Govt says fuel stocks adequate, warns against panic buying

Rediff.com24 Mar 2026

The Indian government has reassured citizens that the country has sufficient reserves of petrol, diesel, and LPG, and that refineries are operating at high capacity despite global supply chain disruptions. They have urged citizens to avoid panic buying and hoarding.

2 more Indian-flagged LPG tankers set to cross Strait of Hormuz

2 more Indian-flagged LPG tankers set to cross Strait of Hormuz

Rediff.com23 Mar 2026

Two more Indian-flagged LPG tankers have begun their journey from the Persian Gulf, navigating the Strait of Hormuz amidst regional conflict, following disruptions caused by recent tensions in the Middle East.

No permission needed to pass through Strait of Hormuz: Indian govt official

No permission needed to pass through Strait of Hormuz: Indian govt official

Rediff.com24 Mar 2026

A senior government official confirms that Indian vessels do not require permission to navigate the Strait of Hormuz, despite regional tensions. Several Indian ships, including LPG tankers, have safely crossed the strait, ensuring continued supply of essential commodities to India.

India's 2nd LPG tanker 'Nanda Devi' reaches Gujarat port amid crisis

India's 2nd LPG tanker 'Nanda Devi' reaches Gujarat port amid crisis

Rediff.com17 Mar 2026

Despite ongoing tensions in West Asia, the successful arrival of the LPG carrier 'Nanda Devi' in Gujarat ensures a steady supply of liquefied petroleum gas to India, highlighting the country's efforts to secure its energy needs.

Banks' gold loan portfolio surged 128% in Feb

Banks' gold loan portfolio surged 128% in Feb

Rediff.com31 Mar 2026

Loans against gold jewellery in India surged by an impressive 128 per cent year-on-year to nearly 4.28 trillion in February 2026, according to the latest Reserve Bank of India (RBI) data, significantly outpacing overall retail loan growth.

We are not a dalal nation: Jaishankar at all-party meet

We are not a dalal nation: Jaishankar at all-party meet

Rediff.com26 Mar 2026

The Indian government addressed opposition concerns regarding the West Asia crisis in an all-party meeting, outlining its strategy for ensuring the security of the Indian diaspora, fulfilling energy needs, and maintaining diplomatic relations with key partners. The government also dismissed Pakistan's reported mediation efforts.

Hardeep Puri's daughter moves HC over Epstein links; seeks Rs 10 cr damages

Hardeep Puri's daughter moves HC over Epstein links; seeks Rs 10 cr damages

Rediff.com17 Mar 2026

Himayani Puri, daughter of Union Minister Hardeep Singh Puri, has filed a lawsuit in the Delhi High Court seeking the removal of defamatory social media content linking her to convicted sex offender Jeffrey Epstein and claiming damages of Rs 10 crore.

Gulf War: Energy Shock Pushes India Towards Atmanirbharta

Gulf War: Energy Shock Pushes India Towards Atmanirbharta

Rediff.com26 Mar 2026

We cannot simply have a 60-65 per cent import dependency in LPG, the bulk of which comes from just one volatile region -- West Asia, points out R Jagannathan.

China Snaps Up Iran Oil, India Misses

China Snaps Up Iran Oil, India Misses

Rediff.com4 Apr 2026

Indian refiners have access to only limited Iranian volumes compared with Russian oil, and even the barrels on offer come with 'too many hassles'.