News for 'petroleum'

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.

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.

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.

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.

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.

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'.

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.

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.

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.

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.

Markets underpricing oil shock risk amid West Asia conflict, say analysts

Markets underpricing oil shock risk amid West Asia conflict, say analysts

Rediff.com31 Mar 2026

Analysts warn that global markets are significantly underpricing the risk of an oil price shock, with Brent crude potentially soaring to $150 per barrel if the West Asia conflict escalates or damages critical oil and gas infrastructure. This could lead to severe inflation and economic repercussions, particularly for import-dependent nations like 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.

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.

Modi to interact with chief ministers over West Asia conflict

Modi to interact with chief ministers over West Asia conflict

Rediff.com26 Mar 2026

Prime Minister Narendra Modi will hold a video conference with chief ministers of most states to assess their preparedness and strategies in response to the ongoing conflict in West Asia.

Pilot Claims Vijayan and Modi Follow Similar Political Approaches

Pilot Claims Vijayan and Modi Follow Similar Political Approaches

Rediff.com26 Mar 2026

AICC general secretary Sachin Pilot has accused Kerala Chief Minister Pinarayi Vijayan of following similar political approaches to Prime Minister Narendra Modi, alleging a tacit understanding between the CPI(M) and the BJP in Kerala.

India has adequate fuel stocks, commercial LPG restored to 70%: Govt

India has adequate fuel stocks, commercial LPG restored to 70%: Govt

Rediff.com27 Mar 2026

The ministry of petroleum and natural gas on Friday reiterated that India has sufficient stock of crude oil, petrol and diesel, while ensuring an uninterrupted supply of LNG and LPG despite disruptions caused by the ongoing West Asia conflict.

Taking all steps to address LPG crisis: Centre to HC

Taking all steps to address LPG crisis: Centre to HC

Rediff.com18 Mar 2026

The Central government has assured the Bombay High Court that it is taking steps to address the LPG shortage caused by the conflict in West Asia. The court accepted the submission and disposed of a petition filed by LPG distributors.

Government Boosts Kerosene Supply as LPG Alternative Amid West Asia Tensions

Government Boosts Kerosene Supply as LPG Alternative Amid West Asia Tensions

Rediff.com12 Mar 2026

The Indian government has allocated an additional 40,000 kilolitres of kerosene to states as an alternative fuel to LPG, amid the ongoing crisis in West Asia. The government assures a comfortable crude oil supply situation in the country.

Situation under control, energy security stable: Centre on West Asia crisis

Situation under control, energy security stable: Centre on West Asia crisis

Rediff.com26 Mar 2026

There is no cause for concern, as the overall situation arising out of the crisis is firmly under control, the Centre informed while briefing political parties at the all-party meet.

'No Fuel Shortage, Only Panic'

'No Fuel Shortage, Only Panic'

Rediff.com28 Mar 2026

'There is no shortage of fuel whatsoever.' 'India is stock surplus as far as petrol and diesel are concerned.'

'Suddenly, LPG Supply Stopped On Sunday'

'Suddenly, LPG Supply Stopped On Sunday'

Rediff.com11 Mar 2026

'Nobody explained why. After that there was panic buying, there was hoarding -- and then nothing reached us.'

India Braces for Record Power Demand, Risks Galore

India Braces for Record Power Demand, Risks Galore

Rediff.com4 Apr 2026

India's peak power demand is projected to hit 270 GW this summer, surpassing last year's record of 250 GW.

Argentina Steps Up LPG Supply To India

Argentina Steps Up LPG Supply To India

Rediff.com23 Mar 2026

Argentina has significantly increased its LPG exports to India to help mitigate shortages caused by the ongoing conflict in West Asia. This partnership is becoming increasingly important for India's energy security.

'Indians have been good actors': Trump aide on Russian oil waiver

'Indians have been good actors': Trump aide on Russian oil waiver

Rediff.com7 Mar 2026

The US has granted India permission to buy Russian oil already in transit to ease global supply pressures amidst the West Asia conflict. This decision comes after India agreed to halt sanctioned Russian oil purchases and substitute them with US oil.

Indian Exports See Marginal Decline in February Amid Geopolitical Tensions

Indian Exports See Marginal Decline in February Amid Geopolitical Tensions

Rediff.com16 Mar 2026

India's merchandise exports experienced a slight decrease in February, while imports surged due to increased gold and silver purchases, leading to a widened trade deficit. The West Asia crisis is expected to further impact trade in the coming months.

LPG Crisis Triggers Reverse Migration Across Cities

LPG Crisis Triggers Reverse Migration Across Cities

Rediff.com2 Apr 2026

'It would be similar to what happened during COVID-19.' 'They are not just losing income, but being pushed into distress.'

Iran Has Not Allowed Any Indian Ship To Pass Through Strait Of Hormuz

Iran Has Not Allowed Any Indian Ship To Pass Through Strait Of Hormuz

Rediff.com13 Mar 2026

24 Indian-flagged vessels with 677 Indian seafarers were currently located west of the Strait of Hormuz, and four vessels with 101 Indian seafarers were stationed east of the strategic waterway.

ESMA invoked to ramp up LPG production amid fuel crisis

ESMA invoked to ramp up LPG production amid fuel crisis

Rediff.com6 Mar 2026

The Indian government has directed oil refineries to increase LPG production to ensure a stable supply of domestic cooking gas, amidst concerns over potential disruptions from the escalating Middle East conflict and its impact on imports.

Petrol Prices Stay Put For Now

Petrol Prices Stay Put For Now

Rediff.com10 Mar 2026

If the conflict continues for a prolonged period, State-run oil companies may have to review retail fuel prices accordingly.

Manav Thakkar, Yashaswini Ghorpade triumph at National Table Tennis Championships

Manav Thakkar, Yashaswini Ghorpade triumph at National Table Tennis Championships

Rediff.com21 Mar 2026

Manav Thakkar and Yashaswini Ghorpade secured their first senior national table tennis titles at the championships held in Indore, while Ankur Bhattacharjee and Suhana Saini won the mixed doubles final, and Divyanshi Bhowmick received the D Vishwa Trophy.

US weighs easing Iran oil sanctions to curb global price surge

US weighs easing Iran oil sanctions to curb global price surge

Rediff.com19 Mar 2026

Bessent indicated that the U.S. is evaluating the status of Iranian oil as the current campaign progresses.

Blacklisted Vendor Allegedly Kills Two at HPCL Ethanol Plant in Budaun

Blacklisted Vendor Allegedly Kills Two at HPCL Ethanol Plant in Budaun

Rediff.com12 Mar 2026

Two officials at a Hindustan Petroleum Corporation Limited (HPCL) ethanol plant in Budaun, Uttar Pradesh, were shot dead, allegedly by a blacklisted vendor. The incident occurred after the vendor was removed from his position due to unsatisfactory work.

India's Oil Reserves Can Cover 40-45 Days If Hormuz Flow Disrupted

India's Oil Reserves Can Cover 40-45 Days If Hormuz Flow Disrupted

Rediff.com3 Mar 2026

India possesses approximately 100 million barrels of commercial crude oil stocks, capable of covering 40-45 days of its requirements if flows through the Strait of Hormuz are disrupted, according to Kpler.

India grapples with LPG supply crunch, but panic buying eases

India grapples with LPG supply crunch, but panic buying eases

Rediff.com20 Mar 2026

India continues to face LPG supply challenges for the third consecutive week due to disruptions caused by the West Asia conflict, though panic buying is showing signs of easing. The government is prioritising domestic household supplies and encouraging alternative fuel sources.

Shops of Accused in HPCL Officials' Murder Demolished in UP

Shops of Accused in HPCL Officials' Murder Demolished in UP

Rediff.com17 Mar 2026

Authorities in Budaun, Uttar Pradesh, demolished shops belonging to the prime suspect in the murder of two HPCL officials, citing illegal construction on government land. The demolition follows the murder of two HPCL officials allegedly by a terminated vendor.

Iran Crisis Impact: India Braces for Oil Price Volatility

Iran Crisis Impact: India Braces for Oil Price Volatility

Rediff.com2 Mar 2026

Analysts predict India will face oil price volatility and macroeconomic effects due to the escalating Iran crisis, though the country's oil supply chain is not yet structurally insecure.

Hormuz Tensions Put India At Heart Of US Strategy

Hormuz Tensions Put India At Heart Of US Strategy

Rediff.com30 Mar 2026

Delhi should keep all its options open in what is essentially a transitional period in the geopolitics of energy rather than remain a gatekeeper serving Trump's 'America First', suggests Ambasssador M K Bhadrakumar.

MEA reveals how India is responding to West Asia crisis

MEA reveals how India is responding to West Asia crisis

Rediff.com24 Mar 2026

The Ministry of External Affairs (MEA) has stated that Prime Minister Narendra Modi and External Affairs Minister S Jaishankar are actively engaged with world leaders to promote dialogue and diplomacy for peace in West Asia, while also ensuring the safety and well-being of the Indian community in the region.

India to supply 5,000 tonnes of diesel to Bangladesh

India to supply 5,000 tonnes of diesel to Bangladesh

Rediff.com10 Mar 2026

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).