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Jio-bp caps diesel at 50 litres per customer daily amid supply crunch

New Delhi, April 10 -- Jio-bp has capped diesel sales at 50 litres per customer per day at its petrol pumps amid the West Asia war, four people aware of the matter, including dealers, said. The move ... Read More


Crude rises 1% as Saudi output hit, markets eye US-Iran talks

New Delhi, April 10 -- Global oil prices traded nearly 1% higher on Friday morning after attacks on Saudi Arabia's East-West pipeline and crude-producing facilities dented output and supply capacity. ... Read More


Induction cooking shift could add 27 GW to India's peak power demand, says power ministry

New Delhi, April 10 -- With more people switching to induction cookstoves due to the LPG shortage, India's peak power demand is expected to surge by as much as 27 GW, an official said on Friday. This... Read More


Crude oil prices gain as Strait of Hormuz uncertainty offsets ceasefire relief

New Delhi, April 9 -- After a sharp 15% fall, crude prices rebounded early Thursday following uncertainty over the opening of the Strait of Hormuz, a key artery for one-fifth of global oil supplies. ... Read More


Mint Explainer | Why India's indigenously developed fast breeder reactor achieving criticality is significant

NEW DELHI, April 9 -- India took a major step towards nuclear fuel self-reliance when its indigenously developed Prototype Fast Breeder Reactor (PFBR) at Kalpakkam in Tamil Nadu attained criticality o... Read More


Bangladesh seeks higher diesel, fertilizer supplies from India

New Delhi, April 8 -- Bangladesh foreign minister Khalilur Rahman sought increased diesel and fertilizer supplies from India amid the global supply squeeze, during a meeting with petroleum and natural... Read More


Oil prices plunge below $100/bbl after US, Iran agree on 2-week ceasefire

New Delhi, April 8 -- Global oil prices fell around 14% on Wednesday morning, with both Brent and WTI trading below $100 per barrel after the US, Israel and Iran agreed to a two-week ceasefire. At 7:... Read More


Govt raises LPG, natural gas allocation for key industries

NEW DELHI, April 8 -- The Centre has begun gradually restoring fuel supplies to industry, increasing allocations of liquefied petroleum gas (LPG) and natural gas for key industries, while maintaining ... Read More


India's data centre electricity demand makes planners go back to drawing board to map new energy security playbook

NEW DELHI, April 8 -- India's apex power sector planning body has gone back to the drawing board to map electricity demand amid concerns that a concentration of data centres coming up in a few states ... Read More


Gas trading volume drops 8% on IGX in March amid West Asia supply crunch

New Delhi, April 7 -- Trading volume on the Indian Gas Exchange (IGX) fell 8% year-on-year in March to 4.8 metric million British thermal units (mmBtu) because of a decline in supplies amid the ongoin... Read More