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OIL MINISTRY
Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economyIndia's demand for transportation fuels and petroleum products is declining due to supply disruptions and higher prices stemming from the I...- ATF prices rise about 10% as oil companies roll out fixed pricingAviation fuel prices have increased by about 10 percent. State-owned fuel retailers have introduced a price stabilization scheme. Domestic ...
- Oil tanker catches fire near Oman; 24 Indian seafarers safeAn empty oil tanker, MT Marivex, caught fire near Oman on Monday. All 24 Indian seafarers on board are safe. The vessel was outside the Str...
- Govt hikes domestic LPG prices by Rs 29 per cylinderIndia imports 60% of its LPG requirement, with 90% of supplies sourced from West Asia. Despite the near closure of the Strait of Hormuz, In...
- India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptionsIndia's fuel consumption rose to 19.93 million metric tons in May, a slight increase from April but a 6.5% drop year-on-year. Liquefied pet...
- NH builders seek predefined input rates for projects under active bidsRoad builders are asking the government to set fixed rates for bitumen and fuel. This is for highway projects currently up for bidding. The...
- US confirms military action on vessel that violated Iran port blockadeUnited States forces disabled an oil tanker in the Gulf of Oman. The vessel, M/T Marivex, violated a blockade of Iran's ports. US military ...
- Exports rise 15 per cent during April-May, government official saysIndia's merchandise exports show strong growth. Exports rose by 15 percent in April-May 2026-27. This happened despite global economic unce...
- Shipping Ministry confirms attack on vessel carrying 24 Indian seafarers south of the Strait of HormuzA fire erupted on the oil tanker MT Marivex, located south of the Strait of Hormuz, with all 24 Indian seafarers aboard reported safe. Indi...
- India says fire reported on oil tanker with 24 Indian sailors, all crew safeA fire broke out on the oil tanker Marivex off the coast of Oman, with 24 Indian sailors on board. All sailors are reported safe, and autho...
- India voices concern over renewed West Asia attacks, calls for de-escalationIndia expresses deep concern over escalating West Asia hostilities. The nation calls for immediate de-escalation and protection of civilian...
- Oil India reports natural gas presence in second Andaman offshore wellOil India Limited has found natural gas in its third exploratory well in the Andaman offshore block. This is the second well in the block t...
- Indian companies willing to deepen presence in Venezuela, says Minister Hardeep Singh PuriIndia is looking to deepen its energy partnership with Venezuela, with Indian companies expressing readiness to expand their presence. This...
- RBI MPC Meeting 2026: Sanjay Malhotra & Co hold rates steady at 5.25% as oil shock, weak rupee & West Asia war cloud outlookRBI Monetary Policy Meeting 2026: The Reserve Bank of India maintained the repo rate at 5.25%, balancing inflation risks from rising crude ...
- India, Venezuela eye energy partnership as Acting President Delcy Rodriguez wraps up New Delhi visitIndia and Venezuela are strengthening energy ties. Discussions cover oil production and refining. Venezuelan Acting President Delcy Rodrigu...
- Govt sets up 6 sector-specific groups to identify products to boost manufacturing, cut importsIndia is boosting domestic manufacturing. Six expert groups will identify 100 products to reduce import dependence. This initiative aims to...
- Venezuela's interim President Rodriguez to visit India as oil imports riseVenezuela's interim President Delcy Rodriguez will travel to India on Wednesday for a five-day visit, the foreign ministry said, as New Del...
- LPG sales decline 24% in May; Petrol and diesel see 4.8% and 6.4% rise, respectivelyLPG sales saw a significant drop of 24 percent in May compared to last year. Meanwhile, petrol and diesel sales by state-run companies incr...
- India asks state fuel retailers to build LPG storage for 30 days' demand, official saysIndia has asked state-run fuel retailers to increase the storage capacity of liquefied petroleum gas to meet 30-days' demand, Sujata Sha...
- Parliamentary panel members grill Oil ministry officials over 'shortage' of petrol, LPGParliamentary panel members questioned Oil Ministry officials about petrol and diesel shortages. Officials confirmed crude oil stocks for 7...
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