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LPG MARKET IMPLICATIONS
India has 76 days of fuel reserves, oil supplies secure: Hardeep Singh PuriIndia possesses robust fuel reserves, sufficient for approximately one month of disruption. The nation's diversified sourcing strategy and ...- Oil market likely to return to oversupply after Hormuz reopens: Fitch RatingsGlobal oil markets are set to see a surplus once the Strait of Hormuz reopens. Fitch Ratings predicts this despite current price hikes. The...
- India-UAE energy agreement: This Emirati strategy has powerIndia and the UAE have signed a significant energy agreement. This deal allows the UAE to store crude oil in India's reserves. It also expl...
- Compliance squeeze, global scrutiny redefine India’s $30 billion pharma export playbookAs global markets prioritise quality and regulatory trust, India’s pharma sector is recalibrating beyond its traditional cost advantage.
- West Asia conflict triggers energy shock, tests Asia’s growth resilienceAsia faces economic challenges as a West Asia conflict disrupts energy markets. This shock impacts inflation and growth across the region. ...
- UAE's OPEC exit may not hit oil markets, say executivesUAE’s planned exit from OPEC is unlikely to disrupt global oil markets despite its sizable output, say industry executives, though it may d...
- UAE envoy to India flags 2,890 strikes on civilian infra since Feb 28, says 4 million Indian expats integral to nationThe UAE ambassador has reported 2,890 missile and drone attacks. He called these unprovoked strikes and urged stronger international action...
- US-Iran truce brings respite, but no quick fix for India Inc's supply painCEOs express cautious optimism following the US-Iran ceasefire, anticipating a consumer sentiment boost after a month of geopolitical uncer...
- 'Indian friends in safe hands, no worries': Iran assures India of safe passage in Hormuz amid escalating war crisisIran assures India its vessels are safe amid Strait of Hormuz tensions, asserting only Iran and Oman will determine its future. India has r...
- Petrol, diesel rates to be reviewed every 15 days, government saysFuel prices will now be reviewed every two weeks. This move comes as global crude oil prices surge due to the West Asia conflict. The gover...
- No crisis in petroleum, India diversified crude oil supply: Union Minister Gajendra Singh ShekhawatUnion Minister Gajendra Singh Shekhawat assured India faces no petroleum crisis despite West Asia conflicts impacting global energy. He hig...
- Rising concerns over India’s LPG supply: Causes, constraints & market implicationsRising geopolitical tensions in West Asia and disruptions near the Strait of Hormuz are raising concerns over India’s LPG supply. With tank...
- Opposition parties urge Centre to take steps to address 'shortage' of LPG cylindersOpposition parties are demanding immediate action from the Centre regarding an alleged shortage of LPG cylinders across India. Ruling allia...
- LPG Price Cut: Prices of 19-kg commercial, 5 kg FTL cylinders cut ahead of Lok Sabha elections; check new ratesLPG price cut: The price of a 19 kg commercial cylinder has been decreased by Rs 30.50, with the new price set at Rs 1764.50 in Delhi start...
- Government may widen subsidy net to cover all cooking fuelsA comprehensive ‘cooking subsidy’ is being readied and it could form part of govt's poll manifesto.
- Oil regulator for lower marketing margin on gas: Dharmendra PradhanThe Ministry had decided that government needs to regulate the marketing margin for supply of domestic gas to urea and LPG producers.
- Oil regulator to complete study on gas market margin by December: Government"In all other cases, the marketing margin should be decided by buyer and seller mutually," he said in a written reply to a question in the ...
- No plans to reduce taxes on petroleum goods: FinMinThe government today said that it is concerned about frequent hike in prices of petroleum products but does not plan to reduce taxes on oil...
- Should fuel prices in India be freed permanently?Every $10 increase shaves off around 0.35% from GDP growth. This has implications for managing balance of payments.
- IOC eyes LPG import as RIL cuts supply to PSUsIndian Oil Corporation (IOC) is planning to import over one million tonnes of LPG to meet the shortfall in the domestic market.
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