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India's state-run oil marketing companies are absorbing ₹550 crore in daily losses on petrol, diesel, and LPG as conflict-linked disruptions keep global crude costs elevated. Privately-owned OMCs have seen diesel sales drop 38% this month as buyers shift to cheaper state-run pumps.
India's state-run oil marketing companies have raised petrol and diesel prices by ₹2.7 per litre for the fourth time in 11 days, bringing the total increase to ₹7.5 to ₹8 per litre. The rapid catch-up hikes point to OMCs unwinding accumulated losses, with knock-on pressure on freight costs and retail inflation.
NTPC is submitting its first nuclear feasibility study to the Department of Atomic Energy to secure approval for standalone nuclear projects. The company targets 2 GW of nuclear capacity by 2032 and is evaluating sites in Bihar and other states.
India's state-run oil firms absorbed an estimated Rs 30,000 crore in losses by keeping petrol, diesel, and LPG prices frozen during a global energy shock. Government excise duty cuts helped partially offset the shortfall, but financial stress on these companies is now significant.
US sanctions are blocking approximately 1.8 million barrels per day of Iranian crude oil from global markets. The supply squeeze puts upward pressure on global oil prices and cuts a key revenue source for Tehran.
India's Union Cabinet is set to approve a Rs 37,500 crore incentive scheme for coal gasification projects, targeting reduced imports of LNG and urea. The plan uses domestic coal to produce syngas, which can replace imported natural gas in fertiliser and chemical production.
The UAE is moving to exit OPEC, directly challenging Saudi Arabia's control over the oil cartel and its quota-based production strategy. A UAE departure could weaken OPEC's supply discipline, adding volatility to global oil prices and raising energy costs for major importers like India.
US Treasury Secretary Scott Bessent has ruled out sanctions relief for Russian and Iranian oil, keeping full economic pressure on both countries. The move removes a potential supply boost from global markets and raises costs for countries, including India, that rely on discounted Russian crude.
The UAE has decided to leave OPEC, ending its long membership in the oil producers' cartel. Experts say the move reflects frustration with production quotas that limited Abu Dhabi's output ambitions, compounded by geopolitical pressure from the US-Iran conflict reshaping alliances across the region.
The UAE, where non-oil sectors now generate about 75% of GDP, is weighing an exit from OPEC as production quotas clash with Abu Dhabi's economic ambitions. A departure could lift UAE output, add global oil supply, and weaken OPEC's ability to manage prices.
The UAE, OPEC's third-largest producer, is leaving the cartel on May 1. Its exit reduces OPEC's collective output control and could allow the UAE to pump oil without group restrictions. The impact on crude prices depends on how independently the UAE chooses to operate.
The UAE has announced it is leaving Opec and Opec+, the producer groups that coordinate global oil output. The exit removes one of the Gulf's largest producers from supply agreements, raising questions about the bloc's ability to manage output. Markets will watch for any UAE production increase and a Saudi response.
The UAE announced it will permanently exit OPEC on May 1 after an official review of its oil production policy. Losing one of its largest producers weakens OPEC's ability to control global oil supply and prices. The exit could allow the UAE to pump oil freely beyond current cartel-imposed limits.
The UAE will leave OPEC on May 1, ending nearly six decades of membership in the producer group. The exit lets the country raise oil output freely, adding potential supply to an already volatile market. This could push crude prices lower and may prompt other quota-frustrated members to reassess their own positions.
Telangana Chief Secretary Shanti Kumari has ordered a real-time EV charging infrastructure dashboard and directed the Energy Department to draft a policy mandating charger installations in apartment basements. The move extends state EV infrastructure planning into private residential buildings, shifting compliance
US authorities are investigating suspicious oil trades placed ahead of Trump administration policy shifts on Iran, a source says. The probe suggests traders may have acted on advance knowledge of sanctions or diplomatic moves, which can cause sharp crude price swings. No charges or named subjects have been disclosed.
Tag
India's state-run oil marketing companies are absorbing ₹550 crore in daily losses on petrol, diesel, and LPG as conflict-linked disruptions keep global crude costs elevated. Privately-owned OMCs have seen diesel sales drop 38% this month as buyers shift to cheaper state-run pumps.
1mo ago · 3 min · Economy
India's state-run oil marketing companies have raised petrol and diesel prices by ₹2.7 per litre for the fourth time in 11 days, bringing the total increase to ₹7.5 to ₹8 per litre. The rapid catch-up hikes point to OMCs unwinding accumulated losses, with knock-on pressure on freight costs and retail inflation.
1mo ago · 3 min · Economy
NTPC is submitting its first nuclear feasibility study to the Department of Atomic Energy to secure approval for standalone nuclear projects. The company targets 2 GW of nuclear capacity by 2032 and is evaluating sites in Bihar and other states.
1mo ago · 2 min · Business
India's state-run oil firms absorbed an estimated Rs 30,000 crore in losses by keeping petrol, diesel, and LPG prices frozen during a global energy shock. Government excise duty cuts helped partially offset the shortfall, but financial stress on these companies is now significant.
1mo ago · 2 min · Economy
US sanctions are blocking approximately 1.8 million barrels per day of Iranian crude oil from global markets. The supply squeeze puts upward pressure on global oil prices and cuts a key revenue source for Tehran.
1mo ago · 2 min · Global Affairs
India's Union Cabinet is set to approve a Rs 37,500 crore incentive scheme for coal gasification projects, targeting reduced imports of LNG and urea. The plan uses domestic coal to produce syngas, which can replace imported natural gas in fertiliser and chemical production.
1mo ago · 2 min · Policy & Government
The UAE is moving to exit OPEC, directly challenging Saudi Arabia's control over the oil cartel and its quota-based production strategy. A UAE departure could weaken OPEC's supply discipline, adding volatility to global oil prices and raising energy costs for major importers like India.
1mo ago · 3 min · Global Affairs
US Treasury Secretary Scott Bessent has ruled out sanctions relief for Russian and Iranian oil, keeping full economic pressure on both countries. The move removes a potential supply boost from global markets and raises costs for countries, including India, that rely on discounted Russian crude.
1mo ago · 3 min · Global Affairs
The UAE has decided to leave OPEC, ending its long membership in the oil producers' cartel. Experts say the move reflects frustration with production quotas that limited Abu Dhabi's output ambitions, compounded by geopolitical pressure from the US-Iran conflict reshaping alliances across the region.
1mo ago · 3 min · Global Affairs
The UAE, where non-oil sectors now generate about 75% of GDP, is weighing an exit from OPEC as production quotas clash with Abu Dhabi's economic ambitions. A departure could lift UAE output, add global oil supply, and weaken OPEC's ability to manage prices.
2mo ago · 2 min · Global Affairs
The UAE, OPEC's third-largest producer, is leaving the cartel on May 1. Its exit reduces OPEC's collective output control and could allow the UAE to pump oil without group restrictions. The impact on crude prices depends on how independently the UAE chooses to operate.
2mo ago · 1 min · Global Affairs
The UAE has announced it is leaving Opec and Opec+, the producer groups that coordinate global oil output. The exit removes one of the Gulf's largest producers from supply agreements, raising questions about the bloc's ability to manage output. Markets will watch for any UAE production increase and a Saudi response.
2mo ago · 1 min · Global Affairs
The UAE announced it will permanently exit OPEC on May 1 after an official review of its oil production policy. Losing one of its largest producers weakens OPEC's ability to control global oil supply and prices. The exit could allow the UAE to pump oil freely beyond current cartel-imposed limits.
2mo ago · 1 min · Global Affairs
The UAE will leave OPEC on May 1, ending nearly six decades of membership in the producer group. The exit lets the country raise oil output freely, adding potential supply to an already volatile market. This could push crude prices lower and may prompt other quota-frustrated members to reassess their own positions.
2mo ago · 1 min · Global Affairs
Telangana Chief Secretary Shanti Kumari has ordered a real-time EV charging infrastructure dashboard and directed the Energy Department to draft a policy mandating charger installations in apartment basements. The move extends state EV infrastructure planning into private residential buildings, shifting compliance
2mo ago · 1 min · Policy & Government
US authorities are investigating suspicious oil trades placed ahead of Trump administration policy shifts on Iran, a source says. The probe suggests traders may have acted on advance knowledge of sanctions or diplomatic moves, which can cause sharp crude price swings. No charges or named subjects have been disclosed.
2mo ago · 1 min · Policy & Government
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