Oil And Gas Prices
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Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
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India's Wholesale Inflation Turns 0.13% Negative In June After 2 Years
Wholesale inflation (WPI) in India turned negative in June at (-) 0.13 per cent as against 0.39 per cent in May, official data from the Ministry of Commerce and Industry showed on Monday.
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Iran Made Preparations To Mine Strait Of Hormuz: US sources
The Iranian military loaded naval mines onto vessels in the Persian Gulf last month, a move that intensified concerns in Washington that Tehran was gearing up to blockade the Strait of Hormuz following Israel's strikes on sites across Iran.
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Commercial LPG Cylinders Get Cheaper By Rs 58.50 From Today
Oil marketing companies revised the prices of commercial LPG gas cylinders on Tuesday, reducing the cost of a 19 kg commercial cylinder by Rs 58.50. The new rates brought relief to commercial users such as hotels, restaurants, and businesses.
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On Iran's Hormuz Strait Closure Plan, Union Minister's Oil Supply Assurance: 5 Points
India is closely tracking oil trends after reports indicated Iran plans to close the Strait of Hormuz following the US attack on three nuclear sites. The Strait is a key shipping route, through which a fifth of global oil and gas supply flows.
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After US Strikes, Iran Plans To Close Oil Corridor Strait Of Hormuz: Report
Iran is considering closing the key oil shipping route Strait of Hormuz after the US bombed three of its nuclear facilities, Iranian media reported today.
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Oil Prices Remain Steady As Investors Weigh Trump Tariffs' Impact
Oil prices barely moved on Tuesday as investors weighed the impact of US tariffs on countries buying oil and gas from Venezuela against the effect of tariffs on industries such as automobiles on the global economy and oil demand.
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Opinion | Drill, Baby, Drill: Will Trump's 'Emergency' Plan To Make Oil Cheap Work?
President Trump has already started pushing for an increase in oil and gas production, to lower energy costs and drive prices down. Is it all as simple as it sounds?
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Jet Fuel Price Cut 4.6%, Commercial Cooking Gas Up By Rs 39 Per Cylinder
Jet fuel, or ATF, price was on Sunday reduced by 4.6 per cent while the rate of commercial LPG used in hotels and restaurants was hiked by Rs 39 per 19-kg cylinder in the monthly revision done in line with international oil price trends.
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Jet Fuel Price Cut 6.5%, Commercial Cooking Gas By Rs 69 Per Cylinder
Jet fuel or ATF price on Saturday was reduced by a steep 6.5 per cent and that of commercial LPG used by hotels and restaurants by Rs 69 per 19-kg cylinder on declining international oil prices.
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Petrol, Diesel Prices Cut By Rs 2 Across India: Oil Minister
The Centre reduced petrol and diesel prices by Rs 2 across the country, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, said on X.
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Global Oil Prices Soar After Hamas Attack On Israel
Oil prices soared more than four percent Monday after Hamas launched an attack on Israel at the weekend, sparking concerns about possible supply shocks from the crude-rich region.
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CNG, PNG To Cost Less As India Tweaks Natural Gas Pricing Mechanism
Natural gas produced from legacy old fields, known as APM gas, will now be linked to crude oil price instead of gas prices in surplus nations such as the US, Canada and Russia, Union Minister Anurag Thakur said.
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Cooking Gas Cylinder Price Hiked By Rs 50, Will Now Cost Rs 1,103 In Delhi
Petroleum and oil marketing companies raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 350.50 per unit and domestic LPG cylinders by Rs 50 per unit with immediate effect from Wednesday.
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Oil Slumps $3/bbl On Gasoline Stockpiles, Rate Hikes And Resuming Supply
Oil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia's gas flows to Europe eased supply restraints.
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Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
-
India's Wholesale Inflation Turns 0.13% Negative In June After 2 Years
Wholesale inflation (WPI) in India turned negative in June at (-) 0.13 per cent as against 0.39 per cent in May, official data from the Ministry of Commerce and Industry showed on Monday.
-
Iran Made Preparations To Mine Strait Of Hormuz: US sources
The Iranian military loaded naval mines onto vessels in the Persian Gulf last month, a move that intensified concerns in Washington that Tehran was gearing up to blockade the Strait of Hormuz following Israel's strikes on sites across Iran.
-
Commercial LPG Cylinders Get Cheaper By Rs 58.50 From Today
Oil marketing companies revised the prices of commercial LPG gas cylinders on Tuesday, reducing the cost of a 19 kg commercial cylinder by Rs 58.50. The new rates brought relief to commercial users such as hotels, restaurants, and businesses.
-
On Iran's Hormuz Strait Closure Plan, Union Minister's Oil Supply Assurance: 5 Points
India is closely tracking oil trends after reports indicated Iran plans to close the Strait of Hormuz following the US attack on three nuclear sites. The Strait is a key shipping route, through which a fifth of global oil and gas supply flows.
-
After US Strikes, Iran Plans To Close Oil Corridor Strait Of Hormuz: Report
Iran is considering closing the key oil shipping route Strait of Hormuz after the US bombed three of its nuclear facilities, Iranian media reported today.
-
Oil Prices Remain Steady As Investors Weigh Trump Tariffs' Impact
Oil prices barely moved on Tuesday as investors weighed the impact of US tariffs on countries buying oil and gas from Venezuela against the effect of tariffs on industries such as automobiles on the global economy and oil demand.
-
Opinion | Drill, Baby, Drill: Will Trump's 'Emergency' Plan To Make Oil Cheap Work?
President Trump has already started pushing for an increase in oil and gas production, to lower energy costs and drive prices down. Is it all as simple as it sounds?
-
Jet Fuel Price Cut 4.6%, Commercial Cooking Gas Up By Rs 39 Per Cylinder
Jet fuel, or ATF, price was on Sunday reduced by 4.6 per cent while the rate of commercial LPG used in hotels and restaurants was hiked by Rs 39 per 19-kg cylinder in the monthly revision done in line with international oil price trends.
-
Jet Fuel Price Cut 6.5%, Commercial Cooking Gas By Rs 69 Per Cylinder
Jet fuel or ATF price on Saturday was reduced by a steep 6.5 per cent and that of commercial LPG used by hotels and restaurants by Rs 69 per 19-kg cylinder on declining international oil prices.
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Petrol, Diesel Prices Cut By Rs 2 Across India: Oil Minister
The Centre reduced petrol and diesel prices by Rs 2 across the country, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, said on X.
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Global Oil Prices Soar After Hamas Attack On Israel
Oil prices soared more than four percent Monday after Hamas launched an attack on Israel at the weekend, sparking concerns about possible supply shocks from the crude-rich region.
-
CNG, PNG To Cost Less As India Tweaks Natural Gas Pricing Mechanism
Natural gas produced from legacy old fields, known as APM gas, will now be linked to crude oil price instead of gas prices in surplus nations such as the US, Canada and Russia, Union Minister Anurag Thakur said.
-
Cooking Gas Cylinder Price Hiked By Rs 50, Will Now Cost Rs 1,103 In Delhi
Petroleum and oil marketing companies raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 350.50 per unit and domestic LPG cylinders by Rs 50 per unit with immediate effect from Wednesday.
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Oil Slumps $3/bbl On Gasoline Stockpiles, Rate Hikes And Resuming Supply
Oil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia's gas flows to Europe eased supply restraints.
