Arunima Bharadwaj

PNGRB has published guidelines on allowing hydrogen blending of up to 5% by volume in PNG supplied to households.

With around 5 million barrels per day of Middle Eastern oil production still offline, any fresh attacks on energy infrastructure or disruption to shipping routes could tighten supplies further, putting upward pressure on crude prices and increasing the risk of higher fuel costs and inflation in oil-importing countries such as India, analysts say.

The country was also the second-largest buyer of Russian fossil fuels in September, importing a total of €4.1 billion of hydrocarbons against €4.8 billion in August

The average price of the Indian crude basket has rocketed to $121.25 a barrel in October from $65.08 from the year-ago period October 21, 2026 / 12:37 IST

US Secretary of State Marco Rubio’s description of India as a “refining superpower" underscores the country’s growing strategic importance in global energy markets particularly as the US looks to leverage Indian refinery capacity to process more Venezuelan crude.

New Delhi has pushed for a tariff framework that gives Indian exporters a competitive advantage, with Washington showing an accommodative stance, government sources say.

For the first half of FY27, HPCL reported a loss of Rs 8,639.45 crore, compared with a profit of Rs 7,970 crore in April-September FY26, as the West

For the first half of FY27, BPCL reported consolidated net profit of Rs 2,990.35 crore, down 77 percent compared with a profit of Rs 13,030.51 crore

Persistent security risks around the Strait of Hormuz and the lack of meaningful progress between Washington and Tehran continues to cloud the outlook for shipping and regional energy flows, analysts say.

Rating agency Icra estimates if crude oil prices remain between $105-$115 per barrel range in the second half of FY27 with no hike in retail fuel prices, the OMCs could face under-recoveries of over Rs 64,000 crore on the sale of petrol and diesel for 2026-27.