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Oil prices to ease after US-Iran deal, but return to pre-war levels could take months: AnalystsEnergy markets anticipate price moderation for crude oil and liquefied natural gas. A potential US-Iran peace agreement and the reopening o...- Oman beats Qatar as India’s top LNG supplier as war disrupts Gulf gas flowsIn a significant turn of events, Oman has emerged as India's top source for liquefied natural gas, particularly following the upheaval caus...
- PLI 2.0: India bets big on making more of the smartphone at homeIndia is updating its mobile phone production incentive scheme. The new plan targets over 55% domestic value addition. It will also link wi...
- PLI 2.0 scheme for mobile phones may ring louderIn a bold move to reshape the electronics industry, India is enhancing its mobile phone production incentives with a focus on achieving ove...
- Rs 3 a litre fuel price hike cuts losses by 25 per cent; daily loss drops to Rs 750 croreIn a noteworthy shift, Indian oil corporations have curtailed daily losses by almost 25% thanks to a Rs 3 per litre increase in petrol and ...
- India braces for more fuel hikes as Iran war forces Modi’s handConsumers in India are bracing for more fuel price increases. A recent modest hike in diesel and gasoline prices aims to ease the burden on...
- A Rs 3 hike makes India’s inflation battle somewhat harderIndian Oil Marketing Companies have increased petrol and diesel prices by Rs 3 per litre each, and CNG by Rs 2/kg, following daily losses o...
- The Rs 3 relief that wasn't: Why investors are dumping oil stocks after long-awaited petrol, diesel price hikeShares of HPCL and BPCL fell up to 3% despite the first fuel price hike since 2022, as investors worried the increase would not offset moun...
- Indian state oil refiners eye modest fuel price hike as losses mountIndian state refiners anticipate a small rise in fuel prices soon. This move aims to balance losses from the ongoing Persian Gulf war and c...
- Oil firms selling petrol at Rs 14 a litre loss, diesel at Rs 18Indian oil companies face substantial losses on petrol and diesel sales. Elevated crude oil prices are squeezing marketing margins. Cooking...
- LPG under-recoveries may hit Rs 80,000 crore in FY2027 amid West Asia disruptions: ICRAIndian oil companies face significant financial strain. LPG under-recoveries may reach Rs 80,000 crore by FY2027. Supply disruptions and hi...
- Explained: How Reliance Industries benefits from India‑US trade deal and why the stock went up 7%Reliance Industries’ shares rose after a new India‑US trade deal cut tariffs to 18% and opened the possibility of Venezuelan crude resuming...
- Indian refiners' August crude processing drops 4.4% from a month earlierIndian refiners experienced a 4.4% month-on-month decline in crude throughput during August, attributed to monsoon disruptions and maintena...
- GST reforms: Oil & gas margins to compress as GST on exploration hiked to 18%The GST Council's decision to raise the tax on oil and gas exploration and production services to 18% from 12%, effective September 22, wil...
- Green Hydrogen Mission gets whopping 102% hike in allocation in Interim BudgetThe Union Budget for 2024-25 has allocated Rs 600 crore for the National Green Hydrogen Mission, a 102% increase from the previous year. Th...
- India's fuel demand slips in November from four-month peakTotal consumption in November, a proxy for oil demand, fell by 2.8% to 18.72 million tonnes from 19.26 million tonnes in October, the data ...
- No gas for new city distributors to startNew city gas distribution (CGD) companies, specifically the ones who won bidding rounds-IX, X and XI, include Adani Total Gas, Torrent Gas,...
- Oil price increase positive but losses for oil companies to prolong: ICRAThe armed conflict between Russia and Ukraine which has led to an increase in crude oil and gas prices, will, though add to the fiscal burd...
- Oil demand recovery in India poised to weather Covid comebackInfections have surged and fewer vehicles are traversing the streets of India’s capital, but authorities have so far refrained from institu...
- COVID-19 opens up opportunities for chemicals sector; puts margin pressure on petrochemicals: IcraThe report further said the lockdowns have adversely affected the demand for chemicals and petrochemicals owing to decline in consumption a...
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