bharat petroleum

Maharashtra government issued a statewide advisory against panic buying and hoarding of fuel, assuring adequate petrol and diesel stocks. The move follows a surge in demand and reports of industrial consumers buying from retail pumps, straining supplies for ordinary citizens. Authorities are intensifying inspections and warning of legal action for unauthorized transactions and hoarding.

Petrol Consumption Also Rose From 2.67L KL To 3.08L KL During The Month, Up 15.3%

The All India Motor & Goods Transport Association (AIMGTA) has called on the central government to lower petrol and diesel prices. They argue that the significant drop in international crude oil prices, from $104 to $90 per barrel, should be reflected domestically. This reduction, they state, is crucial to alleviate pressure on the transport sector and curb rising inflation.

Commercial LPG prices have risen by up to Rs 53.50 per cylinder nationwide, effective June 1st. This adjustment aims to bolster fuel reserves amid West Asia conflict concerns. The government is pushing for 30 days of LPG reserves and intensifying anti-hoarding measures, assuring sufficient fuel stocks despite import reliance.

No fuel shortage, but shift from credit to advance pay forcing pumps to ration sales

Indian oil company stocks surged up to 6% on Monday following a government fuel price hike. This rally was further boosted by a significant drop in global crude prices, driven by easing US-Iran tensions and hopes for the reopening of the Strait of Hormuz. Brent and WTI crude futures saw substantial declines, marking their lowest levels in two weeks.

Kutch And Botad Outpace State In Diesel Consumption

Hero MotoCorp is set to launch its first ethanol-powered motorcycle today. Union Ministers Nitin Gadkari and Hardeep Singh Puri will attend the event. This flex-fuel model will be Hero's first for the Indian market. Reports suggest it may be based on the popular Splendor Plus or HF Deluxe.

State-run oil companies gear up for production; CSIR scientist says airfares will rise by only Rs 100-200

Hero MotoCorp is launching its first flex-fuel motorcycle in India on June 3, a significant move towards alternative fuel mobility. This ethanol-powered model, potentially based on the Splendor or HF Deluxe, will run on petrol and higher ethanol blends. The launch will be attended by Union Ministers Nitin Gadkari and Hardeep Singh Puri.

Excise Dept Begins Fuel Sales Audit To Tighten VAT Collection

Maruti Suzuki's MD highlights flex-fuel vehicles as key to India's goals of cutting oil imports and emissions. These vehicles run on petrol and ethanol blends, supporting farmers and the rural economy. A robust ecosystem, including fuel availability and wider model launches, is crucial for mass adoption, with government backing for biofuel transition and infrastructure expansion.

India's push for alternative fuels accelerates this week as Maruti Suzuki and Hero MotoCorp prepare to launch their first flex-fuel vehicles. Hero MotoCorp will introduce its ethanol-powered motorcycle on June 3, followed by Maruti Suzuki's mass-market flex-fuel passenger car on June 4, capable of running on 100% ethanol.

President Droupadi Murmu will present 66 Padma Awards today, including two Padma Vibhushan and six Padma Bhushan honours, at Rashtrapati Bhawan. This marks the first phase of conferring the nation's highest civilian honours for 2026. A total of 131 Padma Awards have been approved this year, recognizing exceptional service across various fields.

Fuel prices saw another increase today. Petrol and diesel costs rose by less than one rupee per litre. This is the third price hike this month. The government aims to cover losses from higher crude oil prices. Global crude oil rates have climbed due to the Iran conflict. Consumers are facing rising fuel expenses again.

The NCP (Sharadchandra Pawar) has slammed the BJP's fuel conservation efforts as mere "publicity" and questioned the Centre's pricing policy. The party argues that symbolic austerity measures won't lower prices, while citizens bear the brunt of rising fuel costs and oil company profits remain high. They demand an all-party meeting on energy security.