Hindustan Petroleum Corp
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Fuel price cut call: Transporters body urge Centre to cut petrol, diesel prices
The All India Motor & Goods Transport Association (AIMGTA) has urged the Centre to reduce petrol and diesel prices, arguing that a sharp decline in international crude oil prices should be passed on to consumers and the transport sector, reported PTI. In a representation to the government, the association said global crude oil prices have fallen from around $104 per barrel to about $90 per barrel, creating room for a reduction in domestic fuel prices. The transporters' body said elevated...
'LPG well covered, crude not a problem': How much energy supplies is India left with?
As the world continues to feel the heat of the ongoing crisis in the Middle East, India's refiners have swiftly secured enough crude oil and LPG supplies to last till the upcoming weeks. According to sources cited by Reuters, Indian refiners have built up sufficient crude inventories to meet demand through at least August. On the LPG front, supplies are expected to remain comfortable until at least mid-July after refiners stepped up purchases from Abu Dhabi National Oil Co (ADNOC) and other...