indian oil

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.

The government on Friday raised petrol and diesel prices by Rs 3 per litre nationwide. In Delhi, petrol prices increased from Rs 94.77 to Rs 97.77 per litre, while diesel rates moved up from Rs 87.67 to Rs 90.67 per litre.

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Panic buying led to kilometres-long queues and traffic snarls at fuel stations across Odisha on Friday, despite assurances of adequate supply amid the West Asia conflict. Boat operators and farmers also reported difficulties in procuring fuel, highlighting widespread concerns over potential disruptions.

Delhi Metro Rail Corporation has launched an integrated hydrogen-powered shuttle bus service in the Central Vista area, featuring two buses with a 35-passenger capacity each. Supported by indian oil Corporation Limited, this initiative aims to provide an environmentally friendly last-mile connectivity option.

Public sector oil companies are facing daily losses of Rs 1,000 crore, potentially forcing fuel price hikes soon. Minister Hardeep Singh Puri highlighted significant under-recoveries, warning that companies cannot sustain these losses indefinitely. While elections are not the reason for the freeze, a drop in crude prices or reopening of the Strait of Hormuz could offer relief.

Panic buying gripped Bhubaneswar and Cuttack as residents rushed to fuel stations amid fears of supply disruption due to the West Asia conflict. Despite assurances of adequate stocks, long queues and traffic snarls were witnessed, impacting boat operators and farmers.

Fuel prices have seen another surge, with petrol and diesel rates climbing by approximately 90 paise per litre. This marks the second increase in under a week, driven by escalating global crude oil prices due to the West Asian conflict.

Adani Group chairman Gautam Adani pledged a massive Rs 50,000-60,000 crore investment in Bihar over the next three to four years. This significant capital infusion will target key sectors including power, roads, gas distribution, cement, and broader infrastructure, aiming to boost the state's development and energy self-reliance.