oil marketing companies

India Boosts LPG Supply and PNG Rollout Amid West Asia Energy Shock India has significantly ramped up the supply of smaller 5-kg LPG cylinders while accelerating the rollout of piped natural gas (PNG) connections. These proactive measures are being implemented as the nation manages critical fuel...

New Delhi, April 8 Shares of oil marketing companies surged on Wednesday, with HPCL rising by nearly 10 per cent, as crude oil prices sharply declined to fall below the USD 100 mark following the announcement of a two-week ceasefire by the US and Iran.Brent crude, the global oil benchmark...

New Delhi, April 8 Shares of oil marketing companies soared on Wednesday, with HPCL rising by 9%, as crude oil prices sharply declined to fall below the $100 mark following the announcement of a two-week ceasefire by the US and Iran.Brent crude, the global oil benchmark, dropped by 14.03% to...

New Delhi, April 7 – The Centre has decided to double the daily allocation of 5-kg free trade LPG (FTL) cylinders available for distribution to migrant labourers across states, according to an official communication.The Petroleum Ministry said in a notification that the enhanced allocation...

New Delhi, April 4 The Delhi government has tightened norms for the supply of commercial LPG cylinders, making it mandatory for businesses to either have or apply for a piped natural gas (PNG) connection in areas where the network is available, according to an official order.In an order issued...

New Delhi, April 2 – The government's calibrated 8.5 per cent increase in aviation turbine fuel (ATF) prices for domestic airlines may offer short-term relief to oil marketing companies (OMCs), according to analysts.Analysts at global brokerage firm Nomura estimate that state-owned fuel...

New Delhi, April 1 – The Ministry of Petroleum and Natural Gas clarified on Wednesday that only the price of commercial LPG has been increased in the country, while the price of domestic LPG remains unchanged to protect households from the sharp rise in the cost of cooking gas, which is being...

New Delhi, April 1 SpiceJet Chairman and Managing Director Ajay Singh said on Wednesday that the government's decision to allow only a partial increase in jet fuel prices would be a significant relief for the country's aviation industry at a time of unprecedented global uncertainty.Public...

New Delhi, April 1 Civil Aviation Minister K Rammohan Naidu said on Wednesday that the decision by public sector oil marketing companies to implement a partial and staggered increase in jet fuel prices for domestic airlines will help protect passengers from sharp fare hikes.Aviation Turbine...

New Delhi, April 1 – The government stated on Wednesday that domestic airfares are unlikely to see a sharp increase, as it has mitigated the impact of a steep rise in aviation turbine fuel (ATF) prices by allowing only a partial increase for domestic airlines.According to the Ministry of...

New Delhi, April 1 – State-owned oil marketing companies (OMCs) made significant changes to the prices of both aviation turbine fuel (ATF) and commercial LPG on Wednesday, with rates surging sharply – including a more than doubling in jet fuel prices – in line with a spike in global oil prices...

New Delhi, March 30 The Reserve Bank should use foreign exchange reserves to stabilize the rupee, which has been affected by the ongoing crisis in the Middle East, according to a research report by SBI on Monday.The rupee breached the 95/USD mark on Monday and closed 7 paise higher at 94.78...

India Temporarily Reopens PDS Kerosene Supply in 21 States Amid Energy Crisis New Delhi, March 30 – The central government has authorized the temporary allocation of public distribution system (PDS) kerosene in 21 states and Union Territories, including regions previously designated as...

Fuel Prices Remain Stable as Government Absorbs Losses New Delhi – Retail prices of petrol and diesel will not be adjusted following a recent excise duty reduction, according to a statement released by the government on Friday. Instead, the government will absorb the resulting losses incurred by...

India Gas Supply Update: Refineries at Full Capacity, LPG and PNG Distribution Remains Stable New Delhi, March 24: The government on Tuesday confirmed that all gas refineries across India are operating at full capacity, with 18,700 tonnes of commercial LPG lifted as of Monday, underscoring...

LPG Coverage Reaches Near-Universal Levels Under Pradhan Mantri Ujjwala Yojana New Delhi, March 23 – India has achieved near-universal LPG coverage thanks to the Pradhan Mantri Ujjwala Yojana (PMUY), with approximately 10.56 crore connections established as of March 1, 2026, according to a...

Ahmedabad, March 20 There is sufficient supply of cooking gas in Gujarat, and oil marketing companies have ensured home delivery of cylinders, the state government said on Friday, amidst the West Asia crisis.In a statement, the BJP government in the state said that technology-based...

India LPG Supply Remains Stable Despite Strait of Hormuz Tensions Gulf Tensions Trigger Concerns Over Energy Supply Chains New Delhi, March 20: Rising geopolitical tensions in the Gulf region, particularly around the Strait of Hormuz, have once again brought global energy supply vulnerabilities...

LPG Refill Bookings Near Pre-War Levels, Supply Concerns Persist Amid West Asia Disruptions New Delhi, March 19: Domestic LPG refill bookings in India are gradually returning to normal levels following a surge triggered by geopolitical tensions in West Asia. However, supply constraints continue...

Oil Marketing Stocks Tumble as Crude Oil Prices Surge Amid Middle East Tensions OMC Shares Decline Sharply on Margin Pressure Concerns New Delhi, March 19: Shares of oil marketing companies (OMCs) witnessed a steep decline on Thursday as rising tensions in the Middle East pushed global crude oil...