Difficult to assess any substantial impact of price hike as Saudi Contract Price benchmark for LPG continues to remain elevated due to strong demand, says a senior official.
American shipments made up 55% of LPG imports in May, while strong inflows from Russia and Venezuela helped offset disruptions in Middle Eastern crude supplies.
Govt says shipping services from East of Hormuz & Red Sea have nearly doubled since start of conflict. Despite PM's call for more use of public transport, no major change in petrol & diesel usage.
If successful, its exit would mark the first observed passage by an India-linked tanker since a weeks-old US blockade of ships tied to Iran began, pushing Hormuz transits to nearly zero.
Centre says LPG supply stable despite pressure. Steps up efforts to ensure fuel security as Hormuz disruptions amid West Asia tensions upend global trade.
LPG supply eased for more industries, govt says coal gasification is next growth avenue. Centre welcomes US-Iran ceasefire but asks Indians to leave Iran.
If India is committed to being a manufacturing alternative to China, it must first ensure that the competition it enters is transparent, measurable, and governed by universally applicable rules.
Crude prices fall as markets price out West Asia conflict risk. Analysts say India could benefit through lower import bill, easing inflation and improved energy security.
Showcasing its easily deployable & highly manoeuvrable 155 mm MArG system mounted on a 4x4 vehicle at Eurosatory 2026, firm seeks wider footprint across foreign markets.
It’s a perfectly reasonable presumption that Modi will be around for a significant enough time for us to reflect on the challenges that lie ahead. I will list five.
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