Oil | DD News

June 12, 2026 5:13 PM

Government restricts bulk sale of petrol, diesel at retail outlets for 90 days to curb hoarding, black marketing

The Centre has imposed temporary restrictions on the bulk sale of diesel through retail fuel outlets to curb black marketing, hoarding and the diversion of subsidised fuel, amid rising demand pressures and disruptions in global energy markets. The Ministry of Petroleum and Natural Gas (MoPNG) on Thursday notified the Motor Spirit and High-Speed Diesel (Temporary Regulation of Supply through Retail Outlets) Order, 2026, which will remain in force for an initial period of 90 days. The order aims ...

May 18, 2026 7:05 PM

Fuel supplies remain stable, over 3,200 Indian seafarers repatriated amid West Asia crisis

The Centre on Monday said that fuel supplies across the country remain stable despite the evolving crisis in West Asia, with more than 1.72 crore LPG cylinders delivered in the last four days and over 3,217 Indian seafarers safely repatriated from the Gulf region so far. At an inter-ministerial media briefing held at the National Media Centre in New Delhi, officials from the Ministries of Petroleum and Natural Gas, Ports, Shipping and Waterways, External Affairs, and Chemicals and Fertilizers o...

May 11, 2026 7:24 PM

Trump dismisses Iran’s offer, oil rises as Hormuz closure persists

President Donald Trump's swift rejection of Iran's response to a U.S. peace proposal pushed oil prices higher on Monday, fuelling concerns that the 10-week-old conflict will drag on and continue to paralyse shipping through the Strait of Hormuz. Days after Washington floated an offer aimed at reopening negotiations, Iran on Sunday released a response focused on ending the war on all fronts, including Lebanon, where U.S. ally Israel is fighting Iran-backed Hezbollah militants. Tehran also deman...

May 10, 2026 9:22 PM

PM Modi urges unity, resource conservation amid global uncertainties

Prime Minister Narendra Modi on Sunday urged citizens to remain united and conserve resources in the face of growing global uncertainties, saying the ongoing crisis in West Asia was having an impact across the world, including on India. Addressing a large gathering of BJP workers and supporters in Bengaluru, the Prime Minister said the country needed patience, discipline and collective responsibility to navigate the current situation. “You are witnessing the challenges across the world. The ...

May 4, 2026 10:00 AM

Global Markets-Stocks edge up in Asia, oil flat amid Middle East uncertainty

Shares edged higher while oil prices flatlined in Asia on Monday, as investors drew comfort from signs of patchy progress in settling the Middle East conflict at the start of a week packed with earnings and key economic data. President Donald Trump said the United States would begin an effort to free up ships stranded in the Strait of Hormuz on Monday morning, but gave no details of the plan. A statement from Central Command said support would include guided-missile destroyers, over 100 land a...

April 30, 2026 7:26 PM

All Indian seafarers safe, no incidents reported in past 24 hours; Govt assures stable fuel, fertiliser supply

The Centre on Thursday said all Indian seafarers in the West Asia region are safe and no incident involving Indian-flagged vessels has been reported in the past 24 hours, even as authorities continue to closely monitor the evolving geopolitical situation. At an inter-ministerial media briefing held at the National Media Centre, officials highlighted that ensuring the safety of Indian nationals and maintaining stability in critical sectors remain top priorities amid ongoing tensions in West Asia...

April 29, 2026 6:34 PM

Over 50.8 lakh LPG cylinders delivered in 24 hours as Government assures fuel stability amid West Asia crisis

Amid the evolving situation in West Asia, the Centre on Wednesday said more than 50.8 lakh domestic LPG cylinders and over 73,000 5-kg Free Trade LPG (FTL) cylinders were delivered in the last 24 hours, underscoring efforts to maintain uninterrupted energy supply and prevent panic buying. At an inter-ministerial media briefing held at the National Media Centre, officials from the Ministries of Petroleum and Natural Gas, External Affairs, and Ports, Shipping and Waterways outlined coordinated me...

April 28, 2026 6:57 PM

Over 67,000 LPG cylinders seized amid West Asia crisis; govt assures fuel supply, boosts support for key sectors

The Centre on Tuesday said more than 67,000 LPG cylinders have been seized, over 1,160 FIRs registered, and 271 people arrested since March 2026 as part of a nationwide crackdown on hoarding and black marketing amid the ongoing West Asia crisis. At an inter-ministerial briefing held at the National Media Centre, officials from key ministries assured that adequate supplies of petrol, diesel, LPG, and natural gas are being maintained despite global disruptions. The government urged citizens to av...

April 27, 2026 7:03 PM

All Indian seafarers safe as govt assures robust fuel, fertiliser supply amid West Asia tensions

Amid evolving tensions in West Asia, the Government on Monday said all Indian seafarers in the region remain safe with no incidents involving Indian-flagged vessels reported in the past 24 hours, even as it reassured citizens about stable supplies of fuel, fertilisers and essential commodities across the country. At an inter-ministerial briefing held in New Delhi, officials from key ministries outlined coordinated efforts to ensure domestic stability while closely monitoring developments in the...

April 17, 2026 7:45 PM

2,447 Indian seafarers repatriated, LPG supply stable amid West Asia tensions: Govt

Amid evolving geopolitical developments in West Asia, the government on Friday said over 2,447 Indian seafarers have been safely repatriated from the Gulf region so far, including 30 in the past 24 hours, while domestic LPG supplies remain stable with more than 50.5 lakh cylinders delivered in a single day. At an inter-ministerial media briefing held at the National Media Centre, officials from key ministries outlined measures to ensure energy security, safeguard Indian nationals abroad, and ma...