India has refused Russian liquefied natural gas shipments under United States sanctions. This decision comes amid energy supply concerns due to Middle East tensions. A Russian LNG tanker bound for India remains in limbo. India prioritizes avoiding sanctioned cargoes due to compliance risks. Russia seeks new markets for its LNG exports.
India is launching a national mission to conserve fuel amid global energy market turmoil. The government assures citizens of robust energy security and ample reserves. This collective effort aims to ease the nation’s financial burden from high international crude prices. Prime Minister Modi urges public participation to reduce consumption and protect foreign exchange reserves.
India’s Petroleum Ministry confirms stable fuel supplies despite global energy challenges. Crude oil inventories are secure, refineries operate at peak capacity, and no fuel shortages are reported nationwide. The government urges citizens to conserve fuel by using public transport, carpooling, and opting for electric vehicles. These measures aim to ease the nation’s economic burden and…
A second Qatari LNG tanker, Mihzem, is transiting the Strait of Hormuz to Pakistan under an Iran-approved deal, following the Al Kharaitiyat’s passage. This arrangement, facilitated by Pakistan’s mediation role, allows Qatari cargoes to cross the waterway on a case-by-case basis amid conflict risks.
Indian state refiners anticipate a small rise in fuel prices soon. This move aims to balance losses from the ongoing Persian Gulf war and consumer needs. Diesel and gasoline prices may increase by about 5 rupees per liter. This adjustment is necessary to offset significant daily losses.
India plans to reduce exclusion zones around nuclear plants to free up land for expansions and attract private investment. This move, approved in principle by regulators, aims to cut land needs significantly, potentially allowing for greater nuclear capacity. However, the decision is expected to face public and political backlash due to safety concerns.
The Solvent Extractors’ Association of India (SEA) backed Prime Minister Narendra Modi’s appeal to reduce edible oil consumption, saying lower usage would help India curb import dependence, reduce vulnerability to global supply shocks and save foreign exchange amid rising geopolitical and climate risks. SEA said India imports nearly 60% of its edible oil needs and…
An LPG carrier, the Tara Gas, previously involved with Iranian cargoes, is transiting the Strait of Hormuz while declaring Indian crew and ownership. The vessel, fully laden, is navigating a Tehran-approved route, highlighting the complex measures ships take to exit the Persian Gulf amidst blockades.
Amid escalating Middle East tensions, Prime Minister Modi urged citizens to conserve fuel by reducing petrol and diesel consumption, promoting work-from-home, public transport, and carpooling. He also advised against non-essential foreign travel and gold purchases for at least a year to bolster foreign exchange reserves and the domestic economy.
Maharashtra Chief Minister Devendra Fadnavis supports Prime Minister Narendra Modi’s call for responsible consumption. Global conflicts are impacting oil and gas supplies, raising prices. Fadnavis warns that improper fuel use could lead to shortages in India. Prime Minister Modi urged citizens to reduce edible oil consumption and embrace natural farming.