뉴스

OMCs losing ₹700 per LPG cylinder despite latest price hike, says Centre

Centre says OMCs lose ₹700 on every LPG cylinder despite the latest hike, while cooking gas remains cheaper in India than in Pakistan and Bangladesh.

Panel grills Centre on OMCs’ failure to absorb oil shock

Finance committee flags fuel price impact, inflation concerns amid U.S.-Iran tensions, seeks detailed government response

Cabinet clears ₹10,000-cr fund to shield airlines, offset jet fuel price swings

The one-time budgetary support of ₹10,000 crore will allow Oil Marketing Companies (OMCs) to provide Aviation Turbine Fuel (ATF) at stable prices to airlines.

US-Iran war: Rs 10,000 crore ATF Price Stabilization Fund approved for OMCs

The Union Cabinet on Wednesday approved Aviation Turbine Fuel (ATF) Price Stabilisation Fund of Rs 10,000 crore which will be made available for domestic and international operations.

Petrol, diesel prices on June 3: Check fuel cost in Delhi, Mumbai, Bengaluru, Kolkata and other cities today

Fuel prices were unchanged today on Wednesday, 3 June. The last fuel price hike was on Monday, 25 May, when oil marketing companies (OMCs) hiked both petrol and diesel prices by more than ₹2.50 per litre.

Petrol, Diesel price on 2 June: Check fuel rates in Mumbai, Bengaluru, Delhi, Kolkata today

Fuel prices remained largely unchanged on Tuesday, 2 June. The last fuel price hike was on Monday, 25 May, when oil marketing companies (OMCs) increased both petrol and diesel prices by over ₹2.50 per litre.

Commercial LPG Cylinder cost up by Rs 42

New Delhi: The price of 19-kg commercial LPG cylinders has been increased from June 1, raising input costs for hotels, restaurants and other commercial establishments, while domestic cooking gas rates have been left unchanged, according to industry sources.In Delhi, the price of a 19-kg commercial LPG cylinder has been raised by Rs 42 to Rs 3,113.50. In Kolkata, the increase is steeper at Rs 53.50, taking the retail price to Rs 3,255.50.The price revision comes amid heightened efforts by the government and oil marketing companies (OMCs) to strengthen fuel security and ensure uninterrupted availability of petroleum products across the country.Also read | Refiners adjust to new crude mix as Hormuz crisis tightens supplyIndustry sources said the price of 5-kg Free Trade LPG (FTL) cylinders has also been increased by Rs 11. Following the revision, a 5-kg FTL cylinder will cost Rs 821.50 in Delhi. The revised rates came into effect on June 1.There has been no change in the price of domestic LPG cylinders, providing relief to household consumers at a time when global energy markets continue to remain volatile.The latest revision follows the government's assurance that adequate stocks of petroleum products are available and that there is no shortage of LPG, petrol or diesel in the country.Speaking at an inter-ministerial briefing on Friday, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said the government is working to bolster energy security through strategic reserves and enhanced inventory management.She said OMCs have been advised to maintain a minimum LPG reserve equivalent to 30 days of consumption and that efforts are underway to strengthen crude oil reserves as well.Also read | India cuts export duties on petrol, diesel and aviation turbine fuelAccording to Sharma, all refineries are operating at optimum levels and domestic LPG production has reached record highs. She said inventories of key fuels remain comfortable and no instances of LPG distributors running dry have been reported.At the same time, authorities have observed unusual spikes in fuel sales in several regions. While part of the increase is attributed to seasonal agricultural demand, bulk purchases have also contributed to higher offtake.Government data showed overall fuel sales growth exceeding 30%, with 14 districts recording more than 100% growth in petrol sales. In contrast, six districts witnessed a decline of about 38% in sales by OMCs.To prevent diversion and hoarding, enforcement agencies have intensified inspections. Over the past four days, around 6,500 raids were conducted involving LPG distribution networks, resulting in multiple FIRs and arrests. Separate inspections at retail fuel outlets led to the seizure of significant quantities of petrol and diesel, along with legal action against violators.Sharma said domestic refineries are currently producing around 50-52 thousand metric tonnes of LPG per day against demand of about 72 thousand metric tonnes, with the balance being met through imports. She added that the backlog in LPG supplies has narrowed to around 4.5 days, indicating an improvement in distribution efficiency.The increase in commercial LPG prices is expected to have a bearing on operating costs for eateries, catering businesses and other commercial users, even as household consumers remain insulated from the latest revision.

Create 30-day strategic LPG reserve, govt instructs OMCs

Demand for diesel more than doubled in six districts, petrol in fourteen districts: Official

The govt has largely attributed the sudden rise in demand to the onset of the agricultural season, shifting demand from private OMCs to state-owned, and bulk consumers increasingly turning to retail pumps amid a price differential.

OMCs asked to maintain LPG reserves to meet at least thirty days of demand: Official

Officials stated that India’s domestic production of LPG presently stands at about 72,000 metric tonnes per day.

Fuel shortage hits pumps amid panic buying; OMCs call for calm, say supply is steady

Petrol pump owners report dwindling supplies and long queues as demand peaks due to farming activity; some impose curbs on sale fearing supply disruption; OMCs assure public of “normal operations with steady fuel availability”, advise against hoarding