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'Fuel scarcity' hits livelihood in Odisha, govt assures people of situation normalisation by Monday
Odisha faces fuel scarcity, impacting daily wage earners and transport operators. The state government attributes the situation to panic buying and supply chain disruptions. Officials assure normalcy within 48 hours, with oil companies working to restore distribution. Citizens are urged not to panic as sufficient stock is available.
Petrol Diesel Price Hike: Fuel prices raised by up to Rs 3/litre
Petrol Diesel Price Increase: Fuel prices have risen nationwide. Petrol and diesel rates saw an increase of up to Rs 3 per litre. In Delhi, petrol now costs Rs 97.77 and diesel Rs 90.67. This adjustment by oil marketing companies reflects global crude oil market volatility. The hike will affect household budgets and transport costs, particularly in major cities.
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.
India craves a sweet fix for crude addiction. Can it work?
India is rapidly expanding its use of ethanol, a sugar-based fuel. This strategy aims to cut reliance on imported crude oil and boost farmer incomes. Recent policy changes support higher ethanol blends in vehicles and even aviation fuel. The nation is moving towards E20 and exploring E100. This push is a coordinated effort across agriculture, energy, and transport sectors.
As war with Iran hurts oil prices, US turns to Iranian boats for help
The United States has temporarily eased sanctions to allow tankers linked to Iran’s “ghost fleet” to transport and sell Russian oil, aiming to ease soaring global oil prices amid the Middle East war. The move reflects the urgency to boost supply as disruptions in the Persian Gulf have sharply reduced oil flows and pushed prices higher.
Adani Total gas share price crashes over 12% in 2 sessions; here's why
Adani Total Gas shares fell over 12% in two sessions as investors booked profits after a 30% rally. The company cut excess natural gas prices amid supply disruptions due to geopolitical tensions, prioritizing essential gas supply for households and transport.
Adani Total Gas shares fall 3%, down 11% in two days. What's driving the selloff?
Adani Total Gas shares saw a dip as investors took profits. The company reduced prices for some industrial gas customers. This comes after a government order prioritizing gas for homes and transport. Supply disruptions in West Asia are impacting gas availability. India, a major LPG importer, faces rising cooking gas prices. Restaurants are adapting to the situation.
Japanese stocks fall for second day as oil surge and weak yen concerns weigh on sentiment
Oil prices surged amid disruptions linked to the Middle East conflict after Irans new supreme leader, Mojtaba Khamenei, pledged to keep the Strait of Hormuz effectively closed while escalating attacks on regional oil and transport infrastructure.
No shortage of LPG cylinders in Northeast India, production to go on uninterrupted: Indian Oil Corp
Indian Oil Corporation confirms ample LPG supplies for Northeast India. The company's bottling plants operate at full capacity, meeting regional demand. Government directives prioritize household cooking gas. Refineries are maximizing LPG output. Commercial supplies are restricted to essential services. These measures ensure uninterrupted fuel availability for homes and transport.
Adani Total Gas jumps 17%, gas stocks rally as government prioritises LPG supply, boosts domestic output
The gains in city gas distribution and gas infrastructure stocks came after the government moved to safeguard domestic gas availability by invoking emergency powers and prioritising supplies to key sectors such as PNG for households, CNG for transport, and LPG production.