News for 'petroleum'

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

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

Rediff.com20 hours ago

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.

'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."

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.

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.

Argentina Steps Up LPG Supply To India

Argentina Steps Up LPG Supply To India

Rediff.com3 days ago

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.

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.

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.

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.

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.

Manav Thakkar, Yashaswini Ghorpade triumph at National Table Tennis Championships

Manav Thakkar, Yashaswini Ghorpade triumph at National Table Tennis Championships

Rediff.com5 days ago

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.

'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.'

MEA reveals how India is responding to West Asia crisis

MEA reveals how India is responding to West Asia crisis

Rediff.com1 days ago

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.

All queries answered, Oppn backs govt on West Asia: Kiren Rijiju

All queries answered, Oppn backs govt on West Asia: Kiren Rijiju

Rediff.com23 hours ago

He added that opposition parties were assured that their concerns regarding the impact of the West Asia situation on India and the safety of Indian citizens were addressed in detail.

US weighs easing Iran oil sanctions to curb global price surge

US weighs easing Iran oil sanctions to curb global price surge

Rediff.com7 days ago

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

India grapples with LPG supply crunch, but panic buying eases

India grapples with LPG supply crunch, but panic buying eases

Rediff.com6 days ago

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.

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.

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.

'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.

West Asia crisis: Modi asks Indians to 'be ready for every eventuality'

West Asia crisis: Modi asks Indians to 'be ready for every eventuality'

Rediff.com1 days ago

Prime Minister Narendra Modi addresses the Rajya Sabha, detailing India's strategies to navigate the global energy crisis sparked by the West Asia conflict, including securing diverse energy sources and expanding strategic oil reserves.

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.

IEA advocates work from home, reduced air travel to tackle oil shock

IEA advocates work from home, reduced air travel to tackle oil shock

Rediff.com6 days ago

The International Energy Agency (IEA) has proposed immediate demand-side measures, including remote work, lower speed limits, and reduced air travel, to mitigate the impact of a global oil supply shock caused by Middle East disruptions.

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.

HC orders removal of content linking Hardeep Puri's daughter to Epstein

HC orders removal of content linking Hardeep Puri's daughter to Epstein

Rediff.com17 Mar 2026

The Delhi high court has ordered the removal of defamatory social media content falsely linking Union Minister Hardeep Singh Puri's daughter to convicted sex offender Jeffrey Epstein, protecting her reputation from malicious online attacks.

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.

Privatisation push loses steam as IDBI Bank stake sale scrapped

Privatisation push loses steam as IDBI Bank stake sale scrapped

Rediff.com3 days ago

India's privatisation push, once projected as a cornerstone of economic reform, has suffered another setback, with the Centre set to call off the IDBI Bank stake sale, highlighting the political and structural constraints shaping the country's disinvestment policy, experts say.

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.

1,000 Indians still in Iran: MEA to Parl panel

1,000 Indians still in Iran: MEA to Parl panel

Rediff.com7 days ago

The Ministry of External Affairs informed a parliamentary committee that nearly 1,000 Indians remain in Iran amidst the West Asia conflict, and 23,000 students in the Gulf region missed CBSE exams due to the turmoil.

PSPB Men Dominate, RBI Women Prevail at Senior Table Tennis Nationals

PSPB Men Dominate, RBI Women Prevail at Senior Table Tennis Nationals

Rediff.com17 Mar 2026

Petroleum Sports Promotion Board (PSPB) men secured a dominant victory at the Senior Table Tennis National Championships, while Reserve Bank of India (RBI) women reclaimed their title after two years.

New truncated gas allocation regime still faces a large LNG shortfall

New truncated gas allocation regime still faces a large LNG shortfall

Rediff.com6 days ago

India's plans to ration the consumption of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) - in response to reduction in their import owing to war in West Asia - may fall short of what is needed to meet domestic needs.

Lucknow Gas Agency Booked for Illegal LPG Cylinder Storage

Lucknow Gas Agency Booked for Illegal LPG Cylinder Storage

Rediff.com15 Mar 2026

An FIR has been filed against a gas agency in Lucknow for allegedly illegally storing domestic LPG cylinders and attempting to sell them on the black market.

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).

No shortage whatsoever of petrol, diesel, kerosene, assures govt in LS

No shortage whatsoever of petrol, diesel, kerosene, assures govt in LS

Rediff.com12 Mar 2026

Responding to concerns raised by Leader of the Opposition Rahul Gandhi in the Lok Sabha, Petroleum Minister Hardeep Puri said it is the foremost priority of the government that the kitchens of over 33 crore families, especially the poor and the underprivileged, do not face any shortage of gas.

Fuel curbs brew concern over Darjeeling first flush

Fuel curbs brew concern over Darjeeling first flush

Rediff.com18 Mar 2026

Tea planters in Darjeeling have raised that a shortage of commercial LPG, triggered by the ongoing conflict in West Asia, could hit tea processing during the first flush, the delicate early-season harvest that commands the highest premiums and often sets the tone for the year.

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.

Illegal Shops of Accused in HPCL Officials' Murder Demolished in Budaun

Illegal Shops of Accused in HPCL Officials' Murder Demolished in Budaun

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 move follows demands for a CBI probe by the victim's family.

India's energy security 'bartered' to US influence: Rahul Gandhi

India's energy security 'bartered' to US influence: Rahul Gandhi

Rediff.com12 Mar 2026

Rahul Gandhi accuses the government of compromising India's energy security by allowing the US to dictate oil supply relationships, raising concerns about the impact of global conflicts on India's energy access.

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.

Iran war: What govt said about LPG and crude oil supply

Iran war: What govt said about LPG and crude oil supply

Rediff.com11 Mar 2026

Amidst the ongoing conflict in West Asia, the Oil Ministry assures citizens that India's LPG supply remains secure, with no need for panic booking of cylinders. The normal delivery cycle of two-and-a-half days is being maintained, and crude oil is being sourced from diverse routes.