The government, however, assured that this is limited only to the premium variants and that the prices of the normal grades of petrol and diesel remain unchanged. | Photo Credit: Muthuganesapandy. M In what could be the first sign of cracks due to the fiscal stress brought on by skyrocketing global oil prices, Indian oil-marketing…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Crude prices fell more than 2% on Friday (March 20, 2026) after Israeli Prime Minister Benjamin Netanyahu said Iran was being “decimated” and that the war would end earlier than many feared. Traders also welcomed U.S. President Donald Trump’s remarks that Israeli forces would…
Cargo ships sail in the Arabian Gulf towards Strait of Hormuz in United Arab Emirates on March 19, 2026 | Photo Credit: AP Iran is putting together an approval process for allowing safe passage of ships through the Strait of Hormuz, according to Lloyds List Intelligence (LLI), a maritime data and intelligence company. India, which…
Rajesh Kumar Sinha, Special Secretary, Shipping and Waterways Ministry, and Sujata Sharma, Joint Secretary, Petroleum & Natural Gas Ministry, (right) addressing the media at Inter Ministerial Briefing on Recent Development in West Asia at National Media Centre, in New Delhi on March 19, 2026. | Photo Credit: Shiv Kumar Pushpakar Seeking to keep track of…
Two LPG carriers and one oil tanker — Shivalik, Nanda Devi and Jag Laadki — were evacuated earlier, escorted by the Indian Navy from the Gulf of Oman region. | Photo Credit: Reuters 22 India-bound vessels in the Persian Gulf region have been identified for evacuation and safe passage through the Strait of Hormuz by…
A view of the Indian Oil Corporation refinery at Noonmati, in Guwahati. File. | Photo Credit: ANI The Ministry of Petroleum and Natural Gas has ordered oil and gas companies to share details on exports, imports and inventories with a government agency, as India seeks to shield consumers from shortages amid rising global prices triggered…
Today, trade is no longer just about economics. It is increasingly used as a geopolitical tool. Tariffs are imposed as pressure tactics, and economic dependence is sometimes used strategically. In this context, the World Trade Organization (WTO)’s Ministerial Conference (MC14), to be held in Yaoundé, Cameroon, Africa (March 26-29, 2026), comes at an important moment….
A surge in global oil prices triggered by escalating tensions in West Asia is beginning to ripple through India’s domestic energy economy, disrupting cooking gas supplies and accelerating a shift toward electric alternatives. Brent crude has climbed over $100/bbl in recent weeks amid fears of supply disruptions through key shipping routes, raising concerns for India,…
Rajesh Kumar Sinha, Special Secretary, Shipping and Waterways Ministry, and Sujata Sharma, Joint Secretary, Petroleum & Natural Gas Ministry, (right) addressing the media at Inter Ministerial Briefing on Recent Development in West Asia at National Media Centre, in New Delhi on March 18, 2026. | Photo Credit: Sushil Kumar Verma Addressing looming concerns about India’s…
Foreign Institutional Investors offloaded equities worth ₹4,741.22 crore on March 17, 2026, according to exchange data. FIle | Photo Credit: PTI Stock market benchmark indices Sensex and Nifty ended nearly 1% higher on Wednesday (March 18, 2026), extending their winning run to the third day in a row, amid a slight drop in crude oil…
