The company said that investigations into the April 20 incident have confirmed that the fire was limited in scope. “Post-incident detailed investigations have confirmed the initial assessment that the fire was confined to the heat exchanger stack, affecting only 6 exchangers and their associated auxiliary equipment,” HPCL said in its post.
The Strait of Hormuz has effectively shut to global shipping after the US, led by Donald Trump, imposed a blockade on Iran-linked vessels, triggering retaliation from Tehran and bringing daily ship transits close to zero from a normal of about 135.
Reliance Industries’ Oil-to-Chemicals segment faced margin pressures in the March quarter due to rising crude premiums, elevated freight, and insurance costs. Despite strong global refining margins, the company reported a 3.7% year-on-year decline in O2C EBITDA, impacted by higher fuel costs and policy interventions.
India is grappling with a severe cooking gas shortage. Refineries are increasing output, and new supplies are being sourced globally, including from the US. Consumers are being encouraged to switch to piped gas. The crisis has led to price hikes and impacted businesses. Authorities are taking action against hoarding and price gouging.
Fuel sales are rising rapidly across India. Consumers are stocking up on petrol and diesel. This surge is driven by expectations of a price increase once state polls end. Indian Oil Corporation has reported a significant jump in sales. The government has denied any plans for a price hike. Despite assurances, panic buying is occurring…
Fuel and LPG supplies in Karnataka remain stable. Indian Oil Corporation assures no petrol or diesel shortages. Domestic LPG deliveries are improving after a March 2026 surge. Commercial LPG prioritizes essential services. CNG consumption grows. Authorities combat hoarding. Auto LPG demand is met. Citizens are urged against panic buying.
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,…
Government has firmly denied any plans to raise petrol and diesel prices, calling such reports mischievous and misleading. Officials emphasized that India is unique in not seeing fuel price hikes over the past four years. Efforts are ongoing to shield citizens from global price volatility, especially amidst Middle East tensions.
Fuel prices in India may rise significantly after April 29. Global crude oil costs are high, causing losses for Indian refiners. Kotak Institutional Equities predicts a potential increase of Rs 25-28 per litre over time. However, the Ministry of Petroleum and Natural Gas has clarified that there is no such proposal to hike fuel prices…
India is exploring higher ethanol blending in petrol and flex-fuel vehicles. This move aims to reduce reliance on imported oil. Discussions are underway with industry stakeholders. The government is preparing for increased biofuel use in transportation. This initiative seeks to boost domestic biofuel production and consumption.