Government scraps export duty on petrol, raises levies on diesel and ATF
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Government scraps export duty on petrol, raises levies on diesel and ATF
The Indian government has abolished the special additional excise duty on petrol exports as of now. Diesel export levies have been raised to Rs 11.50 per litre from Rs 8.50 per litre. The export duty on aviation turbine fuel has also increased by 50 paise per litre. These adjustments reflect ongoin»»»
Iran says to discuss Hormuz with Gulf states in Oman on Monday
Iran's foreign ministry said the country would meet with Gulf states in Oman on Monday to discuss the strategic Strait of Hormuz, which the Islamic republic has blockaded during the Middle East war. "This meeting is intended to promote better understanding among the countries of the region and help»»»
Democracy will not be sustainable without strong institutions: Rizvi
DHAKA, Sept 8, 2026 (BSS) - BNP Acting Secretary General and Prime Minister’s Political Adviser Ruhul Kabir Rizvi today said that every state institution must be given the opportunity to function effectively and independently to ensure sustainable democracy in the country. “If institutions are not »»»
After LNG carrier Disha, no Indian-flagged ship has exited Persian Gulf: Shipping ministry
Director in the Ministry of Ports, Shipping and Waterways (MoPSW), Opesh Kumar Sharma, on Thursday, said that the government is closely coordinating with multiple ministries and stakeholders to facilitate the safe return of Indian vessels and energy cargoes from the Persian Gulf region. Addressing »»»
The Commodities Feed: Oil falls further
Energy – Oil declines on Hormuz reopening expectations Oil prices fell for a fourth consecutive session, with NYMEX WTI dropping to its lowest level since March on expectations of a full reopening of the Strait of Hormuz and a possible deal later this week. ICE Brent was trading below $83/bbl on Tu»»»
G7 considers alternatives to Strait of Hormuz for global energy security
Leaders of the Group of Seven (G7) nations are exploring alternative routes for transporting global energy supplies as concerns grow over dependence on the Strait of Hormuz, a key maritime passage for oil and gas shipments. French Foreign Ministry spokesman Pascal Confavreux said discussions at the»»»
US oil reserve hits 43-year low as Trump aims to tame prices
(June 16): The US’ emergency supply of crude oil has fallen to its lowest level since 1983 as the Trump administration moves toward completing its plan to release 172 million barrels to ease surging fuel prices spurred by the war in Iran. The Strategic Petroleum Reserve, created after the Arab oil »»»
Iran Is Not Criminal, But Fighter Against Criminals - Iranian Foreign Ministry
US is the biggest threat to peace in the world, Iranian Foreign Ministry spokeman Esmail Baghaei said on Monday. "This rhetoric does not change the fact that the US has placed itself in the position of the biggest threat to international peace and security," Baghaei said. Other StatementsIran maint»»»
Economist: The apparent calm of the oil market is deceptive and energy markets are on the path to collapse
Afghan Voice Agency (AVA): The British magazine The Economist has stated in a report that despite the relative reduction in tensions in the oil markets after the ceasefire between the US and the Islamic Republic of Iran, this calm is temporary and deceptive. The report states that the price of Bren»»»
Thailand holds steady oil buffer as Middle East tensions continue to unsettle markets
Thailand has reportedly maintained oil reserves sufficient for 109 days of consumption, even as renewed tensions in the Middle East add a fresh layer of unease to global energy markets and contribute to concerns over supply disruptions. ... »»»
Carney temporarily suspending federal fuel excise tax on gas, diesel | RCI
Measure will see 10 cents on a litre of gas, 4 cents on litre of diesel removed starting Monday. Début du widget . Passer le widget?Fin du widget . Retour au début du widget?A day after sweeping three byelections in Ontario and Quebec that gave him a majority in the House of Commons, Prime Minister»»»
Carney to announce affordability measures after securing majority in byelection wins | CBC News
A day after sweeping three byelections in Ontario and Quebec that gave him a majority in the House of Commons, Prime Minister Mark Carney will try to give voters a reason to be reassured with the rising cost of living Tuesday by announcing new affordability measures. According to a senior governmen»»»
US-Iran ceasefire will not prompt ‘mass exodus’ of ships through strait of Hormuz, say analysts
There will be no “mass exodus” of ships through the strait of Hormuz, according to shipping analysts, despite the agreement of a two-week conditional ceasefire between the US and Iran and provisions for a temporary reopening of the crucial maritime channel. The ceasefire agreement “doesn’t change t»»»
All Indian seafarers safe, maritime operations normal: Additional Secretary Mukesh Mangal
New Delhi [India], April 8 (ANI): Additional Secretary in the Ministry of Ports, Shipping and Waterways Mukesh Mangal, on Wednesday, said that all Indian seafarers in West Asia remain safe and maritime operations continue without disruption.He addressed a media briefing in the national capital, out»»»
Security Council: Russia and China veto resolution on Strait of Hormuz
Eleven countries voted in favour of the draft, which was vetoed by permanent members China and Russia while Colombia and Pakistan abstained. The draft resolution sought to strongly encourage States interested in the use of commercial maritime routes in the Strait of Hormuz – which lies between Iran»»»
Refiners delay annual maintenance exercise to meet energy demand
Add TNIE As A Trusted Source Amid energy supply constraints due to the ongoing West Asia conflict, domestic oil refiners are planning to postpone annual maintenance shutdowns of their units to avoid hampering domestic production of LPG, petrol, and diesel. According to Sujata Sharma, Joint Secretar»»»
Hormuz transit update: 2 Indian LPG tankers cross strait; 16 vessels remain stranded in Gulf - The Times of India
Two more Indian-flagged LPG tankers have safely crossed the conflict-hit Strait of Hormuz and are headed towards Indian ports, even as 16 vessels remain stranded in the Persian Gulf, officials said on Monday, according to PTI.LPG vessel Green Sanvi, carrying 46,650 tonnes of cargo, is scheduled to »»»
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