Petroleum and Natural Gas Minister Hardeep Puri told Lok Sabha India has ‘sufficient gas production, supply arrangements to sustain this position even in event of prolonged conflict’.
On Thursday, the Delhi government asked the commission on air quality management to recall the refuelling ban imposed on July 1 this year, following public backlash.
Oil marketing companies earned profits by not reducing fuel prices despite falling crude oil prices earlier. Analysts say they should have kept profits as buffer, with oil prices on rise again.
At G20 Summit, PM Modi called for a global initiative to take ethanol blending in petrol to 20%. But for this, India will need twice the amount of ethanol it produces currently.
The strike is an extension of the weeks-long industrial action that has disrupted France's major refineries and put petrol stations' supply in disarray.
The current Iran war has laid bare a fundamental reality: 20 per cent of global energy trade cannot afford to rely on a single artery, no matter how resilient and cost-effective.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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