E20 costs more at current crude prices, but saves forex, boosts farmers' income, reduce oil dependence: GovtEthanol blending shields Indian consumers from volatile global oil prices. This program reduces dependence on imported crude oil significan...
10 Jul, 2026, 12.38 PM IST
Hardeep Puri explains why India has among world's cheapest petrol, spells out country's fuel strategyIndia offers some of the world's cheapest petrol, according to the Petroleum Minister. Ethanol blending significantly contributes to these ...
10 Jul, 2026, 10.00 AM IST
ONGC to undertake 1.75 MMT strategic oil reserve expansion at MangaluruONGC approved a 1.75 MMT strategic petroleum reserve expansion at Mangaluru. This project will add significant storage capacity to India's ...
10 Jul, 2026, 09.47 AM IST
Strategic oil reserve buying set to support crude demand through 2028To enhance energy security and stabilize market prices, various governments plan to acquire millions of oil barrels up to 2028. This approa...
09 Jul, 2026, 07.39 PM IST
India's crude imports remain resilient despite Strait of Hormuz tensionsIndia's crude oil imports are insulated from Hormuz Strait tensions currently. Refiners have successfully diversified their import portfoli...
09 Jul, 2026, 05.26 PM IST
India’s wartime buying spree leaves behind a cooking gas surplusIndia's fuel retailers now have excess cooking gas supplies. They had booked extra cargoes anticipating supply disruptions in the Persian G...
09 Jul, 2026, 04.58 PM IST
India's energy storage requirement set to jump from 1 GWh to 888 GWh by 2035-36: ReportIndia’s vision for 2035-36 includes a staggering demand of 888 GWh for energy storage, significantly up from today’s capacity. This develop...
08 Jul, 2026, 03.54 PM IST
Prolonged US-Iran tensions may push India's crude basket above $75/bbl, raise inflation risks: ExpertsMarket experts warn a prolonged US-Iran standoff could increase India's crude oil import costs. Diversified sourcing is expected to cushion...
08 Jul, 2026, 02.23 PM IST
Global Market: Asian refiners turn to cheaper Gulf oil despite Saudi price cutsSaudi Arabia significantly reduced crude oil prices for Asian buyers this month. Rival Gulf producers are offering better value and deeper ...
07 Jul, 2026, 01.41 PM IST
The likely loser in Gulf's post-war race for oil market shareUnited Arab Emirates is leading oil producers in a fierce market share battle. Saudi Arabia and other Gulf nations are increasing exports s...
07 Jul, 2026, 11.59 AM IST
Govt plans LNG buffer mandate for terminalsIndia is weighing a plan to fund emergency liquefied natural gas stockpiles. This initiative aims to bolster supply security after recent g...
07 Jul, 2026, 12.40 AM IST
Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources sayIndian refiners Indian Oil Corp and Hindustan Petroleum Corp have collectively secured approximately 7 million barrels of crude oil through...
06 Jul, 2026, 03.33 PM IST
June: 10 mbpd, May: 3 mbpd: Gulf oil exports up, but 40% below pre-war levelGulf oil exports surged past 10 million barrels daily in June, a significant jump from May, thanks to US military efforts securing the Stra...
04 Jul, 2026, 12.31 AM IST
Why petrol and diesel prices haven't fallen yet? Hardeep Singh Puri hints at rate cut after sustained low crude pricesFuel prices might see a dip if international crude oil rates stay low for a few more weeks, according to Union Minister Hardeep Puri. Oil c...
03 Jul, 2026, 09.04 AM IST
India not exporting fuel directly to Russia, any supplies are trader-led: PuriIndia's Oil Minister, Hardeep Singh Puri, has stated that Indian companies are not directly supplying refined fuels to Russia. While report...
02 Jul, 2026, 08.02 PM IST
India's June crude imports hit record high as Russian supplies surge despite West Asia tensionsIndia's crude oil imports hit a record 4.93 million barrels per day in June, bolstered by substantial purchases from Russia, which solidifi...
01 Jul, 2026, 01.46 PM IST
India plans to add strategic fuel reserves after Iran war shockIndia is bolstering its energy security by planning strategic reserves of crude oil, LPG, and LNG to cover up to a month's demand, aiming t...
30 Jun, 2026, 03.51 PM IST