strait of hormuz

SJM Raises Concern Over Panic Fuel Buying, Urges Shift Towards Renewable Energy Surge in LPG Bookings and Fuel Demand Triggers Alarm New Delhi, March 29: The RSS-affiliated Swadeshi Jagran Manch (SJM) on Sunday flagged concerns over rising panic buying of fuel and a sharp increase in LPG...

Government May Announce More Relief Measures for MSMEs Amid West Asia Crisis Fresh Support Likely as Inflation Risks Rise New Delhi, March 29: The government is considering additional relief measures for vulnerable sections of the economy, including the MSME sector, as the ongoing West Asia...

Two Indian-Flagged LPG Carriers Head Towards Mumbai and New Mangalore New Delhi, March 29 Two Indian-flagged LPG tankers carrying nearly a day’s supply of cooking gas have successfully navigated the conflict-affected Strait of Hormuz and are now en route to India, according to an official...

India Monitors Strait of Hormuz Tensions as Oil Tankers Transit Key Route Indian Ships Continue Transit Amid Geopolitical Uncertainty New Delhi, March 28 – Two more merchant vessels carrying petroleum products for India are likely transiting the Strait of Hormuz, even as rising geopolitical...

Strait of Hormuz Tensions: China Hesitant on Iran’s Safe Corridor, Risks Rise for Asian Energy Supply New Delhi, March 27 – Iran’s proposal to establish a safe shipping corridor in the Strait of Hormuz has received a lukewarm response from China, highlighting growing concerns among major Asian...

New Delhi, March 27 – Crude oil prices rebounded to trade nearly 2% higher in domestic futures on Friday, driven by global energy gains and heightened geopolitical tensions in West Asia.On the Multi Commodity Exchange (MCX), April crude oil opened lower at ₹8,820 per barrel but surged ₹143, or...

Bangladesh’s Fossil Fuel Import Bill Projected to Surge by $4.8 Billion New Delhi, March 27 – Bangladesh’s annual fossil fuel import bill is projected to increase by $4.8 billion, representing a 40 per cent rise from 2025 levels, according to a new analysis by Zero Carbon Analytics (ZCA).The...

Government Reduces Excise Duty on Petrol, Exempts Diesel Amid Global Oil Price Surge Excise Duty Changes New Delhi, March 27 – The government has implemented excise duty reductions on petrol and completely exempted diesel, aiming to provide support to oil marketing companies including HPCL...

New Delhi, March 26 – The Organisation for Economic Cooperation and Development (OECD) on Thursday projected India's GDP growth rate at 7.6 per cent for 2025-26, 6.1 per cent for 2026-27, and 6.4 per cent for 2027-28, with the country remaining the world's fastest-growing major economy.The...

Shipping Congestion Mounts as Strait of Hormuz Remains Closed Singapore, March 26 – Merchant vessels, including oil tankers, are queuing up at ports across Asia as the ongoing conflict in the Gulf region continues to disrupt shipping lanes. A media report on Thursday highlighted increasing...

Nayara Energy Raises Petrol and Diesel Prices Amid Global Oil Surge New Delhi, March 26 – Nayara Energy, India’s largest private fuel retailer, announced a price hike of ₹5 per litre on petrol and ₹3 per litre on diesel on Thursday, citing the impact of recent global oil price increases stemming...

India’s GDP Growth Projected to Slow in Coming Years New Delhi, March 26 – The Organisation for Economic Cooperation and Development (OECD) has revised its economic outlook for India, projecting a GDP growth rate of 7.6 per cent for the current fiscal year and 6.1 per cent for fiscal year...

Nayara Energy Raises Petrol and Diesel Prices by Rs 5, Rs 3 Respectively New Delhi, March 26 – Nayara Energy, India’s largest private fuel retailer, announced a price increase of Rs 5 per litre for petrol and Rs 3 per litre for diesel on Thursday, citing the recent surge in global oil prices...

Brent Crude and WTI Prices Rise Mumbai, March 26 – Global oil prices jumped to above $100 per barrel on Thursday following a statement from Iran indicating it was not in direct negotiations with the United States to end the conflict in the Middle East.Brent crude futures rose by 1.21 percent...

Moscow, March 25 Russia is set to redirect its hydrocarbon supplies to Asia amid growing demand, the Russian Energy Minister said on Wednesday, without naming any country, amid the ongoing West Asia crisis and the blockage of the Strait of Hormuz.India and China have been the main importers of...

New Delhi, March 25 Precious metals rallied by up to 5%, with silver soaring by Rs 11,250 to Rs 2.41 lakh per kilogram, while gold climbed to Rs 1.49 lakh per 10 grams in the national capital on Wednesday amid strong global trends.According to the All India Sarafa Association, the white metal...

Indian Markets May Rebound After Iran Reprieve; RBI Likely to Hold Rates: Report New Delhi, March 25, 2026 – India’s financial markets are expected to recover some lost ground after the US announced a five-day reprieve for Iran’s energy infrastructure, easing immediate geopolitical concerns...

India Prioritizes Citizen Safety and Energy Security Amid West Asia Crisis New Delhi, March 25 – As the situation in the West Asia continues to evolve, the Indian government is implementing a multi-faceted strategy focused on safeguarding its citizens, ensuring critical supplies, and bolstering...

S&P Global Ratings Raises India’s GDP Growth Forecast to 7.1 Percent New Delhi, March 25 – S&P Global Ratings on Wednesday raised India’s GDP growth forecast for the next fiscal year to 7.1 percent, citing robust private consumption, investment, and exports as key drivers. The rating agency’s...

Sensex and Nifty Surge as Crude Oil Declines Amid Geopolitical Relief Mumbai, March 25 – The benchmark indices, Sensex and Nifty, continued their upward trajectory in early trading on Wednesday, bolstered by a sharp decline in crude oil prices and positive sentiment across Asian markets. The...