LPG supply stable, but oil firms still losing nearly Rs 700 on every cylinder sold

Oil Marketing Companies (OMCs) continue to face under-recoveries of nearly Rs 700 on every domestic LPG cylinder despite a range of measures taken by the government to strengthen supplies, ministry of petroleum and natural gas said on Thursday.Addressing an inter-ministerial briefing, Sujata Sharma, joint secretary in the ministry of petroleum and natural gas, said that…

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India Venezuela Energy Cooperation: ‘Perfect complementarity’: India, Venezuela deepen energy ties amid crude diversification push

India and Venezuela are looking to expand cooperation, particularly in the energy sector, as New Delhi moves to diversify crude oil imports amid supply disruptions linked to the West Asia crisis.Addressing a special media briefing after Prime Minister Narendra Modi’s talks with Venezuelan acting President Delcy Rodriguez, MEA secretary (East) Rudrendra Tandon said discussions focused…

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LPG sales down 19% year-on-year in May

NEW DELHI: LPG sales in May declined by over 19% year-on-year, while petrol and diesel consumption grew 2.8% and 1%, respectively, govt data has revealed.Consumption of aviation fuel registered year-on-year decline of 0.8% in the month.Provisional data from Petroleum Planning and Analysis Cell showed that LPG sales fell to 2.1 million tonnes (MT) in May…

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For first time, Russia admits oil production has declined amid Ukraine’s attacks on refineries

Russia, for the first time, has publicly acknowledged a dip in its oil production this year, even as it assured that the country was continuously stepping up its “export infrastructure to its maximum capacity.”Speaking to reporters at the St Petersburg International Economic Forum on Thursday, deputy Prime Minister Alexander Novak said that current output was…

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‘World’s long-term capital is looking at India’: Global investors betting big, says Piyush Goyal

India’s growth story has continued to draw interest from investors across the globe, Union commerce minister and industry minister Piyush Goyal said on Thursday. Speaking at the Citi India Conference 2026, Goyal said his recent interactions with international investors reflected strong confidence in India’s future prospects.“Every conversation that I had reinforced one truth. The world’s…

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Rajesh Exports share price today: Stock tanks 5% to hit lower circuit as SEBI bans CMD for financial irregularities

In addition to the restrictions imposed on Mehta, Sebi instructed the company to ensure accurate and transparent disclosures. (AI image) Rajesh Exports share price today: Shares of jewellery exporter Rajesh Exports Ltd came under heavy selling pressure on Thursday, slipping 5% and hitting the lower circuit after the Securities and Exchange Board of India (Sebi)…

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