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State-run oil companies assure uninterrupted fuel and LPG supplies nationwide despite Middle East tensions. Adequate stocks are confirmed, with no system shortages. Companies urge consumers to avoid panic buying, citing temporary pressure at select outlets due to demand shifts and seasonal factors. India remains well-supplied with petroleum products.

Monday brought a sigh of relief to Bokaro residents as the lengthy lines at petrol pumps disappeared. The shift followed a strong message from the district administration, which stepped in to tackle the chaos caused by rampant misinformation on social media.

In light of global fluctuations, Bihar's public sector oil companies are committed to ensuring a steady supply of fuel and LPG. They have confirmed that all terminals and retail outlets are functioning smoothly, with stocks being replenished constantly. Petrol and diesel are readily available, and LPG deliveries remain on schedule.

Adequate stocks of petrol, diesel and LPG available in state, no need for public to worry: CS

Goldman Sachs maintains a neutral stance on Jubilant Foodworks, citing margin pressures and slow Domino's growth. Nomura is bullish on BPCL, expecting earnings recovery. Morgan Stanley sees PI Industries returning to growth, with strong biologicals margins. Grasim Industries gets an upgrade on improving demand and margin-led growth.

Indian consumers are shielded from soaring global crude prices, but state fuel retailers are facing immense financial strain. Companies are losing approximately Rs 1,000 crore daily, with cumulative under-recoveries reaching nearly Rs 1.98 lakh crore. This price freeze, while ensuring supply, puts significant pressure on their balance sheets and future operations.

India's economy has faced significant challenges from global oil price surges over the past fifty years. From the 1973 Arab embargo to the recent Hormuz disruption, these shocks have impacted inflation and foreign exchange reserves. Policymakers have continuously adapted strategies to manage these crises, balancing economic stability with consumer needs.

Soaring crude oil prices, averaging $105.4 a barrel, are straining oil companies' finances as they sell fuel below cost. Despite government excise duty cuts, losses are unsustainable. Experts suggest gradual price hikes and innovative strategies to manage the transition to renewables while supporting companies' investments and the macroeconomy.

Hindustan Petroleum Corporation Limited has issued the hpcl Officer Admit Card 2026 on April 26 for the upcoming CBT. The hall ticket is compulsory for exam entry and must be carried in print. It includes key details such as exam schedule and centre. Candidates should verify all information carefully and download it from the official website.

EVs account for just 4% of Noida’s 12 lakh vehicles

A distant Middle East conflict is now impacting Indian households, driving up costs for everyday essentials like LPG, cooking oil, and dry fruits. Furniture, electronics, and even paint are becoming pricier due to rising petrochemical and shipping expenses. Air travel and fuel prices are also climbing, with potential for further hikes as oil companies face significant losses.

Global oil prices are beyond India’s control but a tangle of govt interventions that have left Indian aviation structurally fragile. These demand correction.

State-run fuel retailers will not receive government financial backing for losses incurred from selling petrol, diesel, and aviation turbine fuel below cost. Despite rising crude oil prices, the government has opted to shield consumers by not revising retail prices for these fuels, focusing instead on price adjustments for bulk diesel and commercial LPG.

A major fire erupted at the hpcl Pachpadra Refinery in Balotra on Monday, just a day before Prime Minister Narendra Modi's scheduled inauguration. The blaze, reportedly originating from an exchanger explosion at the main refinery unit, triggered panic. Firefighters and district administration teams swiftly responded, evacuating employees safely. Damage assessment awaits fire control.

India’s imports of Russian crude oil have declined 20 per cent month-on-month in April to 1.57 million barrels per day, easing from the sharp surge recorded in March. The spike in March had been driven by the availability of floating cargoes during the Iran conflict.

Middle East conflicts are driving crude oil prices above $100 per barrel, significantly boosting earnings for Indian upstream oil giants like ONGC and Oil India. While these companies anticipate substantial profit increases due to higher realisations, they face challenges from declining production in aging fields.

Prime Minister Narendra Modi is set to inaugurate Rajasthan's first modern BS-6 hpcl refinery in Pachpadra on April 21. Extensive preparations include a large pandal, high cutouts of the PM, and unprecedented security with 5,000 personnel. The entire Balotra district is a Red Zone and No-Fly Zone, with over 100 CCTV cameras monitoring the event.