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Centre doubles 5kg cylinder allocation to states as Iran war squeezes LPG supply; focus on migrant workers

The Centre took another step towards easing availability of fuel for migrant workers across the country, doubling the allocation of 5-kg Free Trade LPG (FTL) cylinders to states. In a notification issued late Monday, the ministry of petroleum and natural gas informed that the the move is based on the average daily supply to migrant…

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Middle East conflict: Oil companies seek advance payments from petrol pumps as global crude price surge squeezes margins

State-owned oil marketing companies have started asking petrol pump dealers to make advance payments for supplies of petrol and diesel, as refiners grapple with mounting revenue losses from retail fuel sales, according to a Reuters report.Nearly 90% of India’s about 1,01,470 fuel stations are linked to public sector refiners and retailers – Indian Oil Corporation,…

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