"oil-companies"

Commercial LPG cylinder prices increased by Rs 10 to Rs 2,820, while aviation turbine fuel rates rose by Rs 1.37 per litre from November 1. Domestic LPG, petrol and diesel prices remained unchanged despite consecutive monthly hikes in commercial fuel rates

Their supply networks were stretched to the limit, as panic buying triggered a sharp spike in demand after the war disrupted traffic through the Strait of Hormuz, a key route for the majority of India's energy imports.

The rupee slipped 9 paise to 85.96 against the US dollar in early trade on Thursday amid strong dollar demand from importers and FIIs. Markets await RBI’s policy decision, while rising crude prices add pressure on India’s currency outlook.

State-owned IOC, BPCL and HPCL in separate statements said India has ample fuel stocks available and there is no need for panic buying

Oil marketing companies raised prices of commercial liquefied petroleum gas (LPG) cylinders on March 1, citing fluctuations in fuel costs and market dynamics

He concluded a week-long study tour of petroleum and natural gas establishments in Chennai and Goa.

Crude has now slipped 6 per cent in last six days and is now sitting a tab lower around $64.5 a barrel on the back of rising US inventory.

Accordingly, the price of petrol continued to be at Rs 90.93 a litre and diesel Rs 81.32 a litre in the capital.

Oil companies left with little cash to meaningfully invest in low carbon alternatives