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Distribution of commercial LPG cylinders has begun across 29 states and Union Territories, while enforcement agencies have stepped up raids and surprise inspections nationwide to check hoarding and black-marketing amid pressure on cooking gas supplies, a senior oil ministry official said on Saturday.Joint Secretary in the Ministry of Petroleum and Natural Gas Sujata Sharma said…
NEW DELHI: The Ministry of Petroleum and Natural Gas on Saturday said consumers with piped natural gas (PNG) connections will no longer be allowed to retain, obtain or refill domestic LPG cylinders under an amended supply order.The ministry, in amendment order, said that it will bar government-run oil marketing companies from issuing new LPG connections…
Bengaluru: After Infosys, Cognizant has encouraged employees to adopt BYOF (Bring Your Own Food) wherever feasible, as part of efforts to reduce reliance on office cafeterias while it monitors the evolving situation linked to the West Asia crisis. The advisory comes as tensions in the region begin to ripple through global energy markets, particularly affecting…
Before the US and Israel even launched strikes, Iran had a plan ready, and it didn’t solely rest on conventional firepower. The country has been quietly preparing to turn the Strait of Hormuz, a vital artery for the world’s oil supply, into a strategic lever, according to sources cited by Reuters. Any disruption to the…
As the Middle East conflict continues to spill across global oil markets, India is looking to expand the production of dimethyl ether (DME), an alternative that could help deal with ongoing LPG disruptions. A government-run research institute is examining ways to boost the output of the fuel, which scientists say could help address supply challenges…
NEW DELHI: Faced with supply constraints in industrial gases and disruption in global shipping routes triggered by the West Asia conflict, steel companies across the country are cutting production, senior company officials said.They said the steel sector is facing pressure on several fronts, including shortages of LPG and LNG, which has started to affect production…
India is temporarily reverting to use of kerosene and alternate fuels such as coal and biomass for cooking as disruptions in Middle East strain LPG supply chains. The measures follow the effective shutdown of the Strait of Hormuz, a vital maritime corridor between Iran and Oman through which a large share of global oil and…
NEW DELHI: Public concern over a possible shortage of LPG and other fuels is mounting, but the Centre assures that there is no reason to panic. The closure of the Strait of Hormuz has led to disruptions in oil supply amid the ongoing US-Israel-Iran war. The government said that the citizens should avoid panic booking…
Representative AI image (Credit: Chatgpt) The narrow waters of the Strait of Hormuz, a vital artery of the global energy system have become the epicentre of the latest shock to oil markets as the US-Israeli war on Iran escalates. Tankers are anchored, refineries are struggling to ship fuel, and some of the world’s biggest oil…
The ongoing conflict involving the United States, Israel and Iran has triggered volatility across global semiconductor stocks. This has raised concerns about how tensions in the Middle East could disrupt a supply chain that is the backbone of the artificial intelligence (AI)-driven chip boom. A report cited analysts who said the region plays a key…
