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SECTOR | 01 Sep 2025

OMCs reduce ATF prices by 1.4%; commercial LPG price falls by 51.50

Business Standard

Aviation turbine fuel (ATF) prices were cut by 1.4 per cent on Monday, while commercial LPG cylinders became cheaper by Rs 51.50, reflecting a drop in global benchmark rates. Jet fuel (ATF) price was reduced by Rs 1,308.41 per kilolitre, or 1.4 per cent, to Rs 90,713.52 per kl in the national capital -- home to one of the busiest airports in the country, according to state-owned fuel retailers. The reduction comes after two back-to-back monthly increases in prices since July 1. In all, prices were hiked by Rs 8,949.38 per kl in line with the spurt in international oil rates that followed geopolitical tensions and trade wars. This price cut will reduce the burden on commercial airlines, for whom fuel makes up for almost 40 per cent of the operating cost. No immediate comments could be obtained from the airlines on the impact of the price change. The ATF price in Mumbai was cut to Rs 84,832.83 per kl from Rs 86,077.14, while those in Chennai and Kolkata were increased to Rs 94,151.9

Commercial LPG prices slashed by 51.50 from Sept 1; no change in domestic cylinder rates

Business Line | 01 Sep 2025 2 more

Oil and Gas

SECTOR | 26 Aug 2025

VOC Port records 40 per cent growth in LPG handling in April-July 2025

Business Line

To further enhance its capacity, the Port is upgrading the facility by constructing new berthing dolphins within the existing structure, enabling it to handle vessels up to 55,000 DWT

Indian Refiners, OMCs To Ease Russian Crude Oil Purchases On US Tariff Pressure

NDTV Profit | 26 Aug 2025 1 more

Oil and Gas

SECTOR | 24 Aug 2025

'Fuel efficiency may decline by 2-5% due to 20% ethanol-blended petrol'

Business Standard

The usage of 20 per cent ethanol-blended petrol in vehicles could lead to a 2-5 per cent drop in fuel efficiency, depending on the type of cars, according to automotive industry experts. In the midst of social media debate over the impact of E20 fuel on vehicles, automotive engineers working with some of the major automakers, whom PTI spoke to, said that in older vehicles, which are not E20 compliant, there could be erosion of gaskets, fuel rubber hoses and pipes in the long term, but not immediately. "There can be a drop in mileage ranging from 2-5 per cent, depending on the type of vehicle. This is purely because of the lower calorific value of ethanol compared to petrol," said an expert requesting anonymity. Earlier this month, the Oil Ministry clarified that "the critiques suggest that E20 causes a 'drastic' reduction in fuel efficiency are misplaced". However, it did not state the percentage drop in fuel efficiency. "The efficiency drop (if any) in E10 vehicles has been margin

Oil and Gas

SECTOR | 23 Aug 2025

Punjab CM Announces Rs 2 Lakh Aid For Kin Of Hoshiarpur LPG Tanker Blast Victims

NDTV Profit

Police said the blaze spread rapidly and engulfed nearly 15 shops and four to five residential houses in the vicinity of the Mandiala Adda area.

2 killed, several injured as LPG tanker catches fire in Punjab's Hoshiarpur

Business Standard | 23 Aug 2025

Oil and Gas

SECTOR | 20 Aug 2025

India's State-Run Refiners Ramp Up Russian Oil Buying Despite US Criticism

NDTV Profit

Earlier this month, state refiners paused buying of Urals after President Donald Trump singled out India's role in the Russian oil trade, threatening economic penalties.

Oil and Gas

SECTOR | 19 Aug 2025

China Refiners Grab Russian Oil As Trump Menaces Flows To India

NDTV Profit

At present, at least two tankers carrying Urals each with capacity of 1 million barrels are waiting off China's coast, with more expected in coming weeks.

Oil and Gas

SECTOR | 19 Aug 2025

Short-term bets on oil risky amid geopolitical uncertainty: Vandana Hari

Economic Times

Oil markets are in a holding pattern due to uncertainty surrounding the Russia-Ukraine war and potential shifts in Western sanctions. The focus has shifted from a quick ceasefire to a longer-term resolution of territorial disputes and security guarantees. Market participants are adopting a wait-and-see approach, as the path to a resolution is expected to be lengthy and complex.

Oil and Gas

SECTOR | 16 Aug 2025

Oil markets steady as Trump, Putin target full Ukraine peace deal

Business Standard

Trump said he had agreed with Putin that negotiators should go straight to a peace settlement - not via a ceasefire, as Ukraine and European allies, until now with U.S. support, have been demanding

Oil and Gas

SECTOR | 14 Aug 2025

Edible Oil Imports Down 16% In July On Lower Shipments Of Palm Oil

NDTV Profit

The import of non-edible oils also fell to 31,000 tonnes from 55,014 tonnes.

Oil and Gas

SECTOR | 12 Aug 2025

Oil Ministry expects E20 fuel to conserve forex worth $4.9 billion in FY26

Business Line

The Ministry came out with a detailed response over reactions by netizens on social media platforms about the ethanol blended petrol (EBP) programme