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OIL MINISTRY
India’s fuel demand splits in September as petrol, diesel rise and LPG fallsPetrol and diesel sales increased in September by 7.2% and 4.9% year-on-year, respectively. The rise in petrol consumption was supported by...- Finance ministry sees Q2 FY27 GDP growth at 7.3%, flags trade, crude and AI risksThe finance ministry expects India’s real GDP to grow 7.3% in Q2 FY27, above the RBI’s 6.4% forecast, but warned that global uncertainties ...
- Iran readies harder retaliation if attacked as diplomacy faces long oddsIran is intensifying its military response planning amid fears of US military escalation in the region. Senior commanders are considering b...
- Global Market: Foreign investors dump Japanese bonds as BOJ tightening weighs on sentimentForeign investors recorded their largest weekly outflow from Japanese bonds since March, selling 4.61 trillion yen in the week through Sept...
- Commercial LPG cylinder price hiked by Rs 62.50 in Delhi, ATF costlier by Rs 16 ahead of festive seasonFrom October 1, the price of a 19-kg commercial LPG cylinder in Delhi increased to Rs 2,810. This rise of Rs 62.50 marks a 2.3 percent incr...
- Centre cuts windfall tax on diesel, ATF exports from October 1The Centre has decreased the windfall tax on diesel exports to ₹16 per litre and ATF exports to ₹10.5. This decision, effective from Octobe...
- Crude surged. Why didn’t India’s petrol prices?As the West Asia conflict drove up oil costs, India kept a much larger rise from reaching the pump. This explainer dives into how protectio...
- New LPG Aadhaar rule from October 1: Check Aadhaar authentication process, what to do if biometric verification is incomplete and other FAQsLPG Aadhar rules: From October 1, Biometric Aadhaar Authentication will be required for domestic LPG consumers to book refills. Consumers c...
- Oil Price Today (September 30): Crude oil at $104 as Trump rejects easing Iran sanctions. What are experts saying?Brent crude futures rose $1.14, or 1.11%, to $103.73, while US West Texas Intermediate crude gained 15 cents, or 0.30%, to $89.50 a barrel....
- Oil climbs after Trump denies he is willing to ease sanctions on IranOil prices surged following US President Donald Trump's clear stance of not easing sanctions on Iran. Meanwhile, Qatar voiced optimism for ...
- India flags US sanctions law concerns over bilateral ties, energy marketForeign Secretary Vikram Misri met a US Congressional delegation led by Brian Mast in New Delhi. Misri conveyed concerns regarding the impl...
- Godrej Industries Group, Malaysian delegation discuss cooperation in oil palm innovation and businessDiscussions covered areas of mutual interest across the Group’s businesses, particularly oil palm innovation and the household insecticides...
- Global Market: Japanese bond yields hover near multi-decade highs as inflation concerns persistJapanese government bond yields remained near multi-decade highs as persistent inflation, elevated oil prices and expectations of further B...
- India orders captive coal plants to maximise power output on surging demandIndia has ordered more than 100 coal-fired power plants to operate at full capacity starting October 1, which is intended to meet rising el...
- Iran awaits US response on Strait of Hormuz plan after Trump reportedly rejects dealIran awaited a US response to its proposal to reopen the Strait of Hormuz and halt fighting across the Middle East, after the Wall Street J...
- LPG customer base dips after a decadeIndia's LPG customer base had been expanding steadily, with the adoption of cooking gas accelerating over the past decade. The active LPG c...
- FSSAI plans to ban use of 'paneer' tag on non-dairy itemsProducts already licensed or registered under the 'analogue in dairy context' category will have to stop using 'paneer' in their product na...
- Food Ministry asks edible oil firms to pass on full benefit of import duty cutsThe Food Ministry has requested edible oil companies to reduce distributor prices following recent import duty reductions. This directive a...
- Govt starts consultation to develop indigenous chips, modules for power gridsAccording to details shared by MeitY on its website, the initiative aims to build domestic capability across the power semiconductor value ...
- Budget 2027-28 process begins October 12 with month-long pre-budget meetingsPre-budget meetings for the Union Budget 2027-28 will commence on October 12 and continue until November 13. These discussions aim to final...
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