NEW DELHI: India is supplying diesel to Bangladesh on a commercial basis as part of its existing trade agreement, officials said on Tuesday, amid reports that India had begun supplying 5,000 tonnes of fuel to the neighbouring country due to the energy crisis created by the conflict in West Asia.Officials said New Delhi had been…
NEW DELHI: Govt on Tuesday said fertiliser plants had been placed under ‘priority sector-2’ for natural gas supply, thereby guaranteeing the industry at least 70% of its average natural gas consumption, reports Dipak Dash.In a notification, the ministry of petroleum and natural gas said the average would be calculated on the basis of the previous…
NEW DELHI: Facing a severe LNG (liquefied natural gas) crunch, govt on Monday invoked the Essential Commodities Act, 1955, to reallocate gas supply and slashed allocation for fertiliser and other industries, while seeking to ensure full availability for priority sectors such as domestic piped natural gas (PNG) for kitchens, compressed natural gas (CNG) for transport…
Experts note that while the domestic buffers for oil are relatively strong, LPG and LNG supplies need a boost. (AI image) India imports around 90% of its crude oil needs, and approximately 60% and 50% of its LPG and LNG requirements respectively. These are not just mere statistics – it’s a telling picture of the…
The Reserve Bank of India has capped the maximum dividend payout by banks at 75% of profit after tax (PAT), with the new prudential norms set to take effect from the financial year 2026-27.The central bank on Tuesday issued the Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittances…
US stocks edged lower on Tuesday as investors remained cautious amid uncertainty over how long the war with Iran may last and whether oil prices will stabilise after recent sharp swings.The S&P 500 slipped 0.4% in morning trading, while the Dow Jones Industrial Average fell about 250 points, or 0.5%, as of 10 a.m. Eastern…
The government has asked shipping companies, vessel operators and their agents to refrain from “predatory, non-transparent and opportunistic pricing” practices as freight costs rise sharply amid disruptions caused by the ongoing conflict in West Asia, PTI reported citing sources.The advisory was issued by the Directorate General of Shipping (DGS) on Monday after the regulator received…
Mumbai: For restaurants across the country, it is not business as usual–a severe crunch of LPG supplies on the back of the West Asia war is posing a threat of temporary closures with many firms having moved to induction cookers to stay afloat and some of them also restricting menu choices. Smaller establishments are already…
Donald Trump indicated that Washington might consider lifting ‘certain oil-related sanctions’ in order to help bring down prices. (AI image) Even as the world economy reels under the global oil supply shock, the Donald Trump administration has reportedly made it clear to European countries that any easing on Russian crude oil sanctions would be related…
The Union Cabinet has approved a revised capital cost of Rs 3,630.77 crore for the construction of a 31.42 km greenfield connectivity corridor linking the upcoming Noida International Airport at Jewar with the Delhi–Mumbai Expressway network, a move aimed at strengthening transport access to the airport and boosting logistics across the National Capital Region (NCR).The…
