Expected Price Increases:

Petrol prices may rise by ₹2 to ₹4 per litre soon. and Diesel prices are likely to see a similar increase.

OMCs have faced severe financial pressure recently. They reported a 16.16% decrease in LPG consumption in April 2026, with total usage dropping to 2.2 million tonnes.

The government previously reduced excise duty by ₹10 per litre, leading to a significant revenue loss of ₹1.7 lakh crore annually. A senior official stated, “We cannot keep prices unchanged when there are supply issues. At some point, we have to make adjustments according to market conditions.”

The government acknowledges that a price adjustment is unavoidable due to the financial strain on OMCs. Officials have not confirmed the exact timeline for the price hikes.

The expected announcement regarding petrol and diesel price increases will likely come soon after the election results.

The post Petroleum Prices Set to Rise in India Amid Soaring Crude Oil Costs appeared first on berightnews.

The question on many minds is whether there is an actual LPG gas shortage in India. The government has firmly stated that there is no shortage of LPG in the country, even as reports of panic buying have surged. Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) at the Ministry of Petroleum & Natural Gas, emphasized, “There is no shortage of LPG at any distributorship.” This assertion comes amid rising concerns among consumers who fear they may not be able to secure their gas supplies.

Supporting the government’s claims, India’s domestic refinery production has ramped up by 40 percent, bringing daily LPG output to an impressive 50 thousand metric tonnes. Oil companies are successfully delivering over 50 lakh cylinders every day, which is a significant achievement considering the recent spike in demand. The demand for cylinders had initially surged to 89 lakh due to panic ordering but has now stabilized at around 50 lakh, indicating that the situation is returning to normal.

The Ministry of Petroleum and Natural Gas has confirmed that all retail fuel outlets across the country have sufficient supplies of LPG. Furthermore, India has enough petrol, diesel, and LPG stock for nearly 60 days, with a total storage capacity of about 74 days for crude oil and fuel. This ample supply should alleviate fears of a potential crisis.

Despite the reassurances, the backdrop of this situation is critical. India relies heavily on imports for its energy needs, meeting more than 40 percent of its crude imports and 90 percent of its LPG imports from West Asian countries. This dependency raises concerns about supply chain vulnerabilities, especially in times of geopolitical tensions or global market fluctuations.

In response to the panic buying, the government has urged citizens not to be misled by what they describe as a “deliberately mischievous, coordinated campaign of misinformation.” Officials have reiterated that every Indian refinery is operating at over 100 percent utilization, ensuring that the supply chain remains robust and responsive to consumer needs.

As of now, the LPG prices vary across major cities, with Delhi and Mumbai both seeing prices at ₹913 per cylinder, while Kolkata’s price stands at ₹942. Chennai and Bengaluru report prices of ₹929 and ₹918 respectively, and Hyderabad has the highest price at ₹955 per cylinder. These figures reflect the ongoing market dynamics but do not indicate a shortage in supply.

Looking ahead, the situation appears stable, but the government continues to monitor the market closely. The Ministry has called for calm and assured the public that there is no need to panic. However, details remain unconfirmed regarding any potential long-term impacts of the recent panic buying and how it might affect future supply and pricing.

The post LPG Gas Shortage: Is There Really a Crisis in India? appeared first on berightnews.

Indian Oil Corporation Limited (IOCL) has assured consumers that fuel supply across the country remains uninterrupted. All fuel stations nationwide are fully operational with adequate stocks of petrol, diesel, and other petroleum products. Consumers have been advised to rely only on verified information and continue refuelling as usual.

Apprenticeship Recruitment 2026

In addition to ensuring fuel supply, IOCL has released the IOCL Apprenticeship Recruitment 2026 notification, which aims to fill 405 apprentice posts. This recruitment drive is designed to engage trade, technician, and graduate apprentices under the Apprentices Act.

Candidates interested in applying for the apprenticeship programme must meet specific educational and age requirements outlined in the official notification. The minimum age to apply is 18 years, while the maximum age is set at 24 years.

The apprenticeship programme provides candidates with hands-on training in technical and operational roles within IOCL facilities, equipping them with valuable skills for the oil and energy sector.

Interim Dividend Announcement

Furthermore, Indian Oil Corporation Ltd has announced an interim dividend of Rs. 2.00 per share, with both the ex-date and record date set for 12 March 2026. This announcement reflects IOCL’s commitment to returning value to its shareholders amidst ongoing operations.

As IOCL continues to navigate the complexities of the energy market, the company remains focused on maintaining its supply chain and providing opportunities for skill development through its apprenticeship programme.

Details remain unconfirmed regarding any future changes in fuel supply dynamics or additional recruitment initiatives beyond the current announcements.

The post Iocl: Ensuring Uninterrupted Fuel Supply and New Apprenticeship Opportunities appeared first on berightnews.

Indian Oil Corporation Limited (IOCL) has assured that fuel supply across the country remains uninterrupted. All fuel stations nationwide are fully operational with adequate stocks of petrol, diesel, and other petroleum products. Consumers have been advised to rely only on verified information and continue refuelling as usual.

Apprenticeship Recruitment 2026

In addition to ensuring fuel supply, IOCL has released the IOCL Apprenticeship Recruitment 2026 notification for 405 apprentice posts. This recruitment drive aims to engage trade, technician, and graduate apprentices under the Apprentices Act. Candidates must meet educational and age requirements specified in the official notification to apply for the apprenticeship programme.

The minimum age to apply for the apprenticeship is 18 years, while the maximum age is set at 24 years. The apprenticeship programme provides candidates with hands-on training in technical and operational roles within IOCL facilities.

Interim Dividend Announcement

Furthermore, Indian Oil Corporation Ltd has announced an interim dividend of Rs. 2.00 per share, with both the ex-date and record date set for 12 March 2026. This dividend announcement reflects the company’s ongoing commitment to its shareholders amidst its operational activities.

As IOCL continues to manage its fuel supply and recruitment efforts, the company remains a vital player in the oil and energy sector in India. Details remain unconfirmed regarding any potential changes in operational strategies or future recruitment initiatives.

The post Iocl: Indian Oil Corporation Limited Ensures Uninterrupted Fuel Supply and Announces Recruitment appeared first on berightnews.

Indian families are facing an acute cooking gas shortage as the ongoing conflict in West Asia disrupts supply chains, significantly affecting liquefied petroleum gas (LPG) availability. India, the world’s second-largest buyer of LPG, sources over 90% of its supplies from the Middle East, making it particularly vulnerable to regional instability.

In the fiscal year 2024-25, India consumed 31.3 million tonnes of LPG but produced only 12.8 million tonnes domestically. The Ministry of Petroleum and Natural Gas has responded by ordering all refineries to maximize LPG production for household cooking, emphasizing the urgency of the situation.

The crisis has been exacerbated by a recent force majeure notice issued by GAIL’s long-term supplier, Petronet LNG Limited, which has reduced LNG allocations to zero. Approximately 54% of India’s total natural gas consumption is met through LNG imports, highlighting the critical nature of these supply disruptions.

As a result of these challenges, the price of a 14.2kg domestic LPG cylinder has risen by Rs 60, reaching Rs 913 in Delhi. This increase is particularly concerning for the 33 crore active LPG connections in the country, as domestic cooking needs take precedence over commercial demands, according to the Ministry of Petroleum and Natural Gas.

Public sector oil marketing companies (OMCs) have locked in 2.2 million tonnes of imports from the US Gulf Coast for 2026, which accounts for about 10% of India’s annual LPG needs. However, the ongoing conflict has raised questions about the reliability of these future supplies.

Details remain unconfirmed regarding the exact impact of the West Asia conflict on future gas supplies. The situation is further complicated by the fact that 85-90% of LPG imports transit through the Strait of Hormuz, a critical chokepoint for energy supplies.

GAIL is currently assessing the situation concerning any supply curtailment that may need to be imposed on its downstream customers. Observers are closely monitoring developments, particularly after QatarEnergy declared a production stoppage for LNG and associated products, intensifying the crisis last week.

The long-term viability of production at current spot prices remains in question, as the market grapples with the implications of these disruptions. The Indian government is under pressure to ensure that cooking gas remains accessible to households amid rising prices and supply uncertainties.

The post Indian Gas Shortage Amid West Asia Conflict appeared first on berightnews.