The Supreme Court ordered status quo on the Karnataka High Court's direction to enhance ethanol allocation for ESY 2025-26. Hearing BPCL's plea, the court examined concerns that altering allocations could disrupt India's 20 per cent ethanol blending programme and trigger similar legal claims
The Telangana government has activated a round-the-clock Command and Control Centre at Errum Manzil to monitor LPG distribution across the State. Using GPS tracking and coordination among oil companies and officials, the facility aims to ensure uninterrupted supply and quickly address bottlenecks.
Reliance Industries confirmed it has not received Russian crude for nearly three weeks and expects none in January, halting imports at its SEZ refinery to comply with EU sanctions, amid reports linking three tankers to its Jamnagar complex
India imports around 85 per cent of its crude oil requirement, and a surge in oil prices leads to an increase in its oil import bill and pushes up the rate of inflation, which hurts economic growth. The larger outgo of foreign exchange also leads to a weakening of the rupee vis-a-vis the US dollar.
OMCs confirmed that they have enough LPG stocks at their bottling plants and that LPG distributors will operate as usual. They urged consumers not to panic.
BPCL holds 12.5 per cent of shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL.
