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FUEL PROCUREMENT STRATEGIES
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...- Jet fuel price cut by Rs 5/litre as global oil prices easeA significant drop in jet fuel prices, by nearly Rs 5 per litre, brings welcome relief to Indian airlines. This reduction, driven by fallin...
- India plans to cut reliance on Middle East oil, tap spot market after war shockIndia's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost ...
- GPS Renewables raises Rs 635 crore in Series C fundingBengaluru-based GPS Renewables has secured ₹635 crore in Series C funding to expand its compressed biogas (CBG) infrastructure. The investm...
- West Asia crisis: Why India needs a fertiliser security strategyIndia’s fertiliser security is deeply tied to global supply chains. The country imports 60% of its DAP requirement, remains fully dependent...
- The rupee warning: Six actions for business leadersThe Indian rupee is dipping to historic lows, approaching the 100-dollar threshold. Driven by market sentiment and a perilous cycle of fore...
- Trump's China moves can open up a vast market for IndiaIndia is emerging as a significant defence supplier in Southeast Asia, with Vietnam becoming the second buyer of the BrahMos missile after ...
- Consumers unlikely to see major impact on food prices over next 2-3 months: Consumer Affairs SecyThe government is closely monitoring the prices of essential food commodities. At present, prices have remained stable and largely range-bo...
- QatarEnergy extends force majeure to mid-August, Italian Edison looks to US for replacementsQatarEnergy has prolonged its force majeure on LNG shipments to Italian utility Edison. This impacts supply and Edison's financial performa...
- Oil cos keep bleeding, on slippery slope with Rs 600-cr loss per day despite multiple petrol, diesel price hikesPetrol, diesel price hike: Despite the latest round of increases, officials acknowledged that current retail prices are still insufficient ...
- Centre betting big on Brahmaputra as economic lifeline: Minister Sarbananda SonowalThe Indian government is developing the Brahmaputra river into a major economic corridor. This initiative focuses on transport, trade, and ...
- 'Russian oil supplies to India have increased': Lavrov hails surging energy ties with New Delhi amid global pressuresHe accused the US of seeking to "dominate global energy markets" and sideline Russian firms. Amid West Asia tensions, Lavrov highlighted th...
- First big move in Assam: Himanta Biswa Sarma govt to table UCC Bill on May 26; enforces 20% fuel cutAssam's new cabinet has approved the Uniform Civil Code bill, set for assembly presentation on May 26. The government is also implementing ...
- Cabinet raises Minimum Support Prices for 14 kharif cropsThe Union Cabinet has approved significant hikes in Minimum Support Prices for 14 Kharif crops for the 2026-27 marketing season. Sunflower ...
- India has 60 days of crude oil, 60 days of Natural Gas & 45 days of LPG rolling stock: CentreIndia is launching a national mission to conserve fuel amid global energy market turmoil. The government assures citizens of robust energy ...
- Rising packaging bag costs major headwind for UltraTech Cement: OfficialUltraTech Cement is navigating rising costs for plastic packaging and fuel. These expenses are a concern for the company's target of double...
- India shielded fuel supply through crude diversification amid Hormuz turmoil: S&P Global Energy officialIndia's refinery operations remain robust despite global energy market disruptions from the Strait of Hormuz crisis. The nation has diversi...
- India looks to boost LNG tank capacity as Qatar supplies stallIndia imports about half of its natural gas requirement, which is used to generate electricity, make fertiliser, convert into CNG to run au...
- India in talks with Nepal for ethanol exports, exploring shipments to SAARC nationsIndia is discussing ethanol exports with Nepal and other SAARC countries. This initiative aims to support farmers and strengthen the rural ...
- India maintained stable energy supplies amid crisis, shielded people from global price shocks: Hardeep Singh PuriIndia has successfully shielded consumers from global energy price shocks despite disruptions from the Strait of Hormuz closure. Union Mini...
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