OMCs hike fuel prices, this time by ₹2.7 a litre
State-run oil marketing companies have increased petrol and diesel prices by about ₹2.7 per litre, marking the fourth hike in 11 days and pushing the total rise to around ₹7.5–8 per litre.
June 2026
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India, Japan discuss steps to fix energy supply disruptions
India and Japan are addressing disruptions in energy supply chains and maritime connectivity. External Affairs Minister S Jaishankar met his Japanese counterpart Toshimitsu Motegi. They discussed bilateral cooperation and global issues. Both nations are energy importing and big trading countries. Economic security is a key concern for both. They aim to advance industrial and technological…
Government assures 78 days of oil amid MPs’ concerns
Concerns over fuel, shipping, and fertilizer supplies dominated a Parliamentary panel meeting. Officials assured adequate fuel reserves and fertilizer availability for the Kharif season. However, 37 Indian ships are stranded in West Asia due to the Strait of Hormuz closure. Cargo insurance premiums have risen sharply. The government is addressing these issues amid ongoing global…
Iran would open Strait of Hormuz 30 days after peace deal
The U.S. and Iran are reportedly discussing a phased plan to reopen the Strait of Hormuz after a potential agreement to end hostilities, according to a Nikkei report citing a Middle East diplomatic source.
Parliamentary panel members grill Oil ministry officials over ‘shortage’ of petrol, LPG
Parliamentary panel members questioned Oil Ministry officials about petrol and diesel shortages. Officials confirmed crude oil stocks for 78 days. Thirteen Indian ships remain stranded in West Asia due to the Strait of Hormuz closure. The government is working to ensure no shortages, but war uncertainty persists. Fertiliser availability is also assured.
India bars piped natural gas customers from buying LPG cylinders, order shows
India has banned customers using piped natural gas from purchasing LPG cylinders. This move comes as LPG supplies to some industries are reduced due to disruptions in the Strait of Hormuz. The government is encouraging the use of piped gas. India relies heavily on LPG imports, with a significant portion coming from the Middle East.
NTPC starts site selection studies in Gujrat, Andhra Pradesh, Odisha, Madhya Pradesh for nuclear projects
State-owned NTPC is exploring new nuclear power projects. Site selection studies have begun in Andhra Pradesh, Madhya Pradesh, Gujarat, and Odisha. This initiative is part of NTPC’s extensive 30 GW nuclear energy plan. The company aims to contribute significantly to India’s ambitious nuclear capacity target. Investments will be substantial, spanning multiple states. NTPC is diversifying…
Oil companies’ losses down to Rs 600 cr per day following fuel price hikes
State-owned oil companies have seen their daily losses reduce to under Rs 600 crore. This comes after four rounds of petrol and diesel price increases. Previously, losses stood at about Rs 1,000 crore daily. These figures include losses from domestic LPG sales. Fuel prices were frozen despite rising crude oil costs.
After Mumbai High, ONGC brings in BP in other western offshore oil, gas fields
In a strategic alliance, ONGC has teamed up with BP to enhance the extraction of oil and gas from its aging offshore fields in the west. This partnership is aimed at revitalising production levels, drawing from the encouraging outcomes observed in their earlier collaboration at Mumbai High.