Commercial LPG Supply Restored As Govt Lifts Curbs New Delhi, June 26, 2026: Industrial and commercial LPG users have received relief after the Centre restored non-domestic packed LPG supply to the levels available before the West Asia crisis. The decision comes after the government reviewed fuel availability and found improvement in both domestic LPG production and imported LPG

AI171 Crash Report: What AAIB May Examine On First Anniversary Nearly one year after the deadly Air India Flight AI171 crash, attention has turned to the Aircraft Accident Investigation Bureau as families, aviation experts, and the public wait for clearer answers on what caused the tragedy. The Boeing 787-8 aircraft was operating from Ahmedabad to London Gatwick on June

India has exempted petrol blended with 22% to 30% ethanol from central excise duty, giving a major push to the country’s biofuel adoption strategy. The exemption covers higher ethanol fuel blends such as E22, E25 and E30. By reducing the tax burden on these blends, the government aims to make ethanol-rich petrol more attractive for fuel producers, distributors and future consumers while reducing reliance on imported crude oil.   Excise Relief For High-Ethano

Strait Of Hormuz Oil Route Impact Raises Fuel Price Concerns The Strait of Hormuz crisis has raised fresh global concern as Iran’s closure claim threatens one of the world’s busiest oil and gas routes, even as the US says commercial ships are still moving through the waterway. The dispute has created uncertainty across oil, LNG, and shipping markets, with the narrow passage remaining one of the most important energy corridors for global trade. Accord

Petrol And Diesel Prices Rise Across India After Crude Oil Surge Petrol Diesel Price Hike 2026 Updates Petrol and diesel prices were increased by Rs 3 per litre across India on Friday, May 15, 2026, as rising global crude oil prices added pressure on oil marketing companies. The latest petrol diesel price hike 2026 has become a major India fuel news update, with fuel price increase India trends showing higher petrol, diesel, and CN

PM Narendra Modi Urges WFH, Public Transport Use, and Savings Amid Global Crisis Prime Minister Narendra Modi has urged citizens to adopt simple lifestyle changes to help reduce the economic impact of

Amid growing speculation about a possible nationwide lockdown in India, Union Minister Hardeep Singh Puri has clarified that such rumours are entirely false. In a statement aimed at dispelling public concerns, Puri emphasized that there are no plans for any lockdown or restrictions on public movement. He urged citizens to stay calm, responsible, and united during these uncertain times. Puri took to social media to reassure the public, explaining that the government is closely monito

Indian airlines are reducing their operations by approximately 10% in response to rising costs and uncertainty stemming from the ongoing Iran conflict. The Directorate General of Civil Aviation (DGCA) has released the summer schedule, which shows a reduction in the number of weekly domestic flights from 25,610 to 23,049. This cut affects several airlines, including Air India, IndiGo, SpiceJet, and Akasa Air. The primary reason for the flight reduction is the impact of the Middle Eas

In response to concerns over rising fuel prices amid global tensions, the Indian government has announced a significant reduction in excise duties on petrol and diesel. Starting Friday, the excise duty on petrol has been slashed to Rs 3 per litre, while the excise on diesel has been reduced to zero. This move comes after fears that the ongoing US-Israel conflict with Iran could lead to higher fuel prices, especially as global crude prices surged past $100 per barrel. Despite the dut

The LPG tanker Jag Vasant, carrying 47,600 metric tonnes of LPG, arrived at Gujarat's Vadinar port on Thursday after being stranded in the Strait of Hormuz for 23 days due to escalating tensions in the Middle East. The vessel’s delayed arrival brings much-needed relief amid concerns about potential LPG shortages in India. The ongoing geopolitical instability in the region has disrupted shipping routes, leaving several tankers stranded. This delivery, along with a second L

India is accelerating the signing of contracts for crude oil and LPG imports, aiming to diversify its supply sources amidst disruptions caused by the ongoing conflict in the Middle East. The country's need for oil has been rising, with daily imports averaging 5.5 to 6 million barrels. After Russia's oil imports were reduced as part of an agreement with the U.S., India has been exploring new avenues to ensure stable oil supplies, including from Russia, despite the geopolitical tensions.

The global economy faces significant risks if oil prices reach $150 per barrel, warns Larry Fink, CEO of BlackRock. In recent days, Brent crude surpassed $110 per barrel, causing a substantial market reaction, and a new report suggests that prices could climb even further, especially if the ongoing U.S.-Iran conflict escalates. Fink emphasized that if oil prices continue to rise, the world would face a major economic shock rather than a gradual adjustment. The impact would be felt a