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Petroleum Ministry says fuel, LPG stocks adequate amid global supply disruptions; urges citizens to conserve energy
India's Petroleum Ministry confirms stable fuel supplies despite global energy challenges. Crude oil inventories are secure, refineries operate at peak capacity, and no fuel shortages are reported nationwide. The government urges citizens to conserve fuel by using public transport, carpooling, and opting for electric vehicles. These measures aim to ease the nation's economic burden and reduce import dependence.
CIL's April coal auction quantity drops 6% vs March to 30.5 MT
Coal India Limited offered 30.5 million tonnes of coal in April auctions. This marks a slight decrease from March. Global energy prices are high due to West Asia tensions. Power plants are increasing coal use for energy security. Coal India is also allowing buyers from Bangladesh, Bhutan, and Nepal to participate directly in auctions from January 1, 2026.
Morgan Stanley warns oil market in ‘race against time’ as Strait of Hormuz remains shut amid Iran war
Morgan Stanley warned that global oil markets are in “a race against time” as prolonged disruption in the Strait of Hormuz could sharply tighten supplies and push crude prices higher. Analysts said current market buffers may weaken if the closure extends into late June or July, raising risks for global energy markets.
Travel & Tourism stocks fall after PM Modi speech on fuel conservation, international travel
The Prime Minister appealed to the public to use petrol, diesel and cooking gas judiciously, calling it the "need of the hour" as geopolitical tensions threaten global energy supplies and India's import bill.
Iran Warns Ships Backing US Sanctions Will Face Disruptions In Strait Of Hormuz
Iran has warned that ships from countries following US sanctions will face disruptions in the Strait of Hormuz. It plans stricter control over the key oil route, raising tensions and concerns over global energy security and maritime stability.
Rs 1,600-1,700 Crore A Day, Rs 1 Lakh Crore In 10 Weeks: Cost Of Insulating India From Global Energy Shock
Despite a 50 per cent surge in input crude oil prices, petrol and diesel continue to be priced at a two-year-old rate of Rs 94.77 a litre and Rs 87.67 per litre respectively. Domestic cooking gas LPG prices were raised in March by Rs 60 per cylinder, but they are still way lower than the actual cost.
Rs 1,600-1,700 cr a day, Rs 1 lakh cr in 10 weeks: Cost of insulating India from global energy shock
State-owned oil firms are incurring massive daily losses, estimated at Rs 1,600-1,700 crore, to shield Indian consumers from global energy price shocks. This has led to over Rs 1 lakh crore in under-recoveries in 10 weeks, raising concerns about their financial sustainability and the need for potential price hikes.
Crude oil prices likely to stay higher for longer: ADB Chief Economist
Crude oil prices are set to remain high due to the Middle East crisis. This will affect India's economy, lowering GDP growth in FY27. Inflation is also expected to rise significantly. Weather disruptions and fertilizer costs could further impact food prices. India's reliance on imported oil makes it particularly vulnerable to these global events.
India’s fuel resilience amid global oil turmoil
The article describes India’s economy as “resilient” amid the West Asia crisis, highlighting the country’s ability to maintain stable fuel prices despite a sharp global rise in crude oil prices. It credits strong domestic demand, expanding refining capacity, renewable energy growth and government intervention for insulating consumers from global energy shocks.
Fuel price hike on the cards as India struggles to absorb soaring crude costs
India is grappling with significant economic challenges due to elevated global fuel prices. The government has absorbed substantial daily losses to shield consumers. However, the ongoing West Asia crisis and disruptions to energy supply routes are making this unsustainable. Tough decisions loom regarding fuel price adjustments to manage the financial burden and ensure energy security for the nation.
India's oil companies bleed Rs 30,000 cr as fuel prices held steady despite global energy shock
India's state-run oil firms faced massive losses of an estimated Rs 30,000 crore. They kept fuel and LPG prices stable despite a global energy disruption. This ensured uninterrupted supplies for consumers. The government's excise duty cuts helped mitigate further losses. India's approach differed from other nations where fuel prices surged.
Chinese markets end mixed amid geopolitical tensions
Market sentiment was affected after reports said three US Navy destroyers in the Strait of Hormuz intercepted Iranian attacks and carried out retaliatory strikes, raising concerns about regional stability and possible disruptions to global energy supplies. Investors also closely tracked developments related to the Trump-Xi meeting scheduled in Beijing on May 1415. Although preparations for the visit are continuing, reports suggested Chinese officials are becoming cautious about holding the talks before the US-Iran situation improves.