The Centre signed a tripartite MoU with Assam and Nagaland to boost oil and gas exploration in the Northeast. The agreement aims to attract investment, enhance hydrocarbon production, generate employment, strengthen infrastructure, and unlock the region's untapped energy potential
The Petroleum Ministry said PSU oil companies are absorbing Rs 550 crore in daily losses by not fully passing global fuel price hikes to consumers. The government also warned against diversion of retail fuel supplies and assured adequate petrol and diesel availability nationwide
The government said India has adequate petrol, diesel and LPG stocks despite panic buying in some states. Officials attributed temporary dryouts at fuel stations to sudden demand spikes, agricultural consumption and consumers shifting from costlier private retailers to PSU-operated pumps
The Ministry of Petroleum and Natural Gas said over 53.5 lakh LPG cylinders were delivered in a day, with 98% bookings digital. Supplies remain stable despite global tensions, ensuring uninterrupted fuel availability for households and priority sectors
Online LPG bookings have reached 95 per cent with stable supply across India, as the government boosts DAC-based deliveries and refinery output. Citizens have been urged to avoid panic buying and use digital booking amid ongoing supply monitoring
The union government registered about 186 per cent increase in its earnings from the petroleum sector between 2014-15 and 2021-22. The Centre's unjust policy to collect more revenue through cess rather than the form of taxes, has resulted in the States' revenue increasing by only 75 per cent
The AFCONS-led consortium is working closely with ONGC, Petroleum Ministry, Indian Navy, Coast Guard, and DG (Shipping) to coordinate the rescue efforts.
