Fertiliser firms seek more green ammonia as Iran war disrupts supplies
India's fertiliser companies are seeking more long-term green ammonia contracts after conflict involving Iran disrupted conventional ammonia supplies and raised import costs. The government is now reviewing revised demand projections as fixed green ammonia prices have become competitive against elevated spot rates.
24d ago · 3 min · Policy & Government
Government revises windfall tax on fuel exports from June 1
India has reinstated windfall taxes on diesel, aviation turbine fuel, and petrol exports from June 1, 2026, ending a period of nil levies. The move signals a recovery in global refiner margins and will directly reduce export profitability for India's large private refiners.
1mo ago · 3 min · Policy & Government
India Eyes Up To 20% Cut In Fuel Consumption Amid Oil Shock Fears
India's central government is targeting up to a 20% cut in fuel consumption through a voluntary nationwide movement aimed at reducing exposure to global oil price shocks. With India among the world's largest oil importers, the effort is designed to protect the economy from energy market volatility.
1mo ago · 2 min · Policy & Government
PM Modi urges citizens to cut fuel use, avoid foreign travel
PM Narendra Modi has urged Indians to cut fuel use and avoid foreign travel, suggesting a return to pandemic-era work-from-home and virtual meeting practices. The appeal reflects India's heavy dependence on imported crude oil and could signal broader energy policy moves ahead.
1mo ago · 2 min · Policy & Government
No plan to raise petrol and diesel prices from May 1, says govt
India's petroleum ministry has denied any proposal to raise petrol or diesel prices from May 1. The denial follows panic buying and long queues at fuel stations driven by post-election hike speculation. No revised timeline for a price change has been indicated.
2mo ago · 1 min · Policy & Government
India seeks to cool war’s oil burn with flex-fuel shift
India is fast-tracking flex-fuel vehicle adoption to reduce reliance on imported crude oil as global energy markets face geopolitical disruption. The move could cut foreign exchange outflows and reshape fuel retail and automotive manufacturing standards. Specific blend mandates and regulatory timelines have yet to be
2mo ago · 1 min · Policy & Government
PNGRB's new LPG pipeline expansion plan to attract investment of Rs 12,500 crores
PNGRB has opened bidding for nine LPG pipeline projects covering 2,500 km, with four already in active tender and total investment estimated at Rs 12,500 crore. The pipelines will connect refineries and import terminals to bottling plants, replacing bulk road tanker transport. PNGRB's stated goal is to eliminate bulk
2mo ago · 1 min · Policy & Government
Indian officials see Iran war oil shock as disruptive as Covid-19
Indian officials are internally benchmarking a potential Iran war oil shock against the Covid-19 disruption, warning normalization could take years even if conflict ends quickly. India's heavy crude import dependence makes it acutely vulnerable to prolonged Middle East supply dislocations. The concern extends beyond sp
2mo ago · 1 min · Global Affairs
L&T targets nuclear energy, expects 3x revenues in 5 years
L&T's heavy engineering division is targeting a 3x revenue increase over five years, tied to India's nuclear capacity expansion from 8.8 GW to a stated government target of 100 GW by 2047. The company, a long-standing supplier to India's nuclear programme, is positioning for large-scale manufacturing and localisation c
2mo ago · 1 min · Business