Global crude oil prices climbed above the $100-per-barrel mark as rising tensions in the Gulf and attacks on Saudi tankers in the Red Sea triggered fresh concerns over energy supply disruptions.
At a time when much of the globe is grappling with the cascading effects of a conflict-triggered energy crisis, India appears relatively stable. The ongoing tensions involving the US, Israel, and Iran have sent shockwaves through global energy markets. Countries across continents are scrambling to respond to sudden shortages and rising prices of oil and.
Lahore (Pakistan), April 14: Residents across Punjab in Pakistan are facing prolonged hours of power outages, severely disrupting daily life in both urban and rural areas. The situation has worsened in recent days, with people reporting frequent and unpredictable electricity cuts. Rural Areas Worst Affected According to reports, the crisis is more severe in rural.
The Strait of Hormuz, located between the Persian Gulf and the Gulf of Oman, is one of the world’s most crucial oil transit chokepoints, with nearly 20% of global energy supplies passing through it.
New Delhi: India’s support in maintaining fuel supplies to Sri Lanka during a period of global uncertainty has been acknowledged by Colombo as a timely intervention that helped ease pressure on essential energy needs. In an interview, Sri Lanka’s Deputy Foreign Minister Arun Hemachandra said the assistance came at a critical moment when global supply.
In a significant development amid ongoing tensions in the Gulf region, two Indian ships carrying liquefied petroleum gas (LPG) have safely sailed out and are now heading towards Indian ports. The vessels, identified as BW TYR and BW ELM, successfully navigated through the sensitive Gulf waters and are currently en route to India, carrying crucial.
Leaders of the Gujarat unit of the Bharatiya Janata Party (BJP) have welcomed the Centre’s decision to reduce fuel excise duty by ₹10 per litre, calling it a major relief for citizens amid rising global oil prices. Senior BJP leaders in the state praised the move, stating that it reflects the government’s commitment to protecting.
The Central government has increased the supply of commercial LPG to 70 per cent of pre-crisis levels, offering relief to industries facing fuel shortages. The decision comes as part of emergency measures to stabilise energy availability amid disruptions caused by global geopolitical tensions, particularly in West Asia. The move marks a significant increase from the.
New Delhi: Union Petroleum Minister Hardeep Singh Puri on Tuesday assured that domestic consumers in India will not face any shortage of energy amid the West Asia crisis. He said CNG and PNG supplies to households are fully secure, and industries continue to receive most of their energy needs, emphasising there is no reason to.
