Global tensions stemming from the US-Iran conflict, coupled with the closure of the Strait of Hormuz—the most critical maritime route for meeting the world's oil requirements—have had a significant impact globally....
International prices of crude oil and LPG have risen due to the ongoing conflict in West Asia. Despite this, oil marketing companies are facing a monthly "under-recovery" (revenue shortfall) of approximately ₹30,000 crore....
During an inter-ministerial briefing, Petroleum Ministry officials said on Monday that domestic LPG and fuel supplies will remain stable and uninterrupted amid tensions in West Asia....
Due to the continuous rise in crude oil prices, the government is considering hiking the rates of petrol, diesel, and LPG cooking gas cylinders....
Now a big change is going to happen in the country regarding ethanol based fuel. The central government has proposed rules that could pave the way for the use of high-ethanol-blended fuel in vehicles....
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