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Bharat Petroleum Corporation Ltd.

The district administration has barred petrol pumps from dispensing fuel in bottles and cans to curb hoarding in Yamunanagar. The decision was taken at a meeting chaired by District Food, Civil Supplies and Consumer Affairs Controller Nitish Kumar Singla, attended by sales officers of BPCL, HPCL, IOCL and Reliance Petroleum, along with the Petrol Pump […]

New Delhi: India's first Iranian crude oil cargo since 2019 may be headed towards a port in Gujarat, according to ship tracking data.Indian refiners have been looking to purchase a few cargoes of Iranian oil on water following the recent sanctions waiver by Washington."The Indo-Iranian oil trade has flickered back to life. Following the US administration's decision to grant a 30-day window for Iranian oil "on the water" due to regional conflict, the vessel Ping Shun is now en route to Vadinar (in Gujarat) with 600,000 barrels of crude. This is the first such delivery since May 2019 and comes at a critical time for Indian refiners facing tightening inventories," said Sumit Ritolia, Lead Research Analyst, Refining and Modelling at commodity market analytic firm Kpler.While the identity of the buyer is unknown, Vadinar is home for 20 million tonnes a year oil refinery of Russian oil giant Rosneft-backed Naraya Energy. It also is the landing point for crude oil that goes to hinterland refineries such as Bina refinery of Bharat Petroleum Corporation Ltd (BPCL).India's oil ministry has so far maintained that techno-commercial feasibility will drive the decision on resuming buying Iranian crude.Historically, India was a major buyer of Iranian crude, importing significant volumes of Iranian light and heavy grades due to strong refinery compatibility and favourable commercial terms.Following sanctions tightening in 2018, imports ceased from May 2019, with volumes replaced by Middle Eastern, US and other grades.

Capping on number of cylinders to be supplied by fuel companies through authorised dealers; owners of restaurants, bakeries, sweet stalls heave a sigh of relief Mysore/Mysuru: Finally, the hoteliers, bakery and sweet stall owners in the city, are heaving a sigh of relief, with the resumption in supply of LPG commercial cylinders . Ever since the US, Israel war against Iran began on Feb. 28, the hospitality industry in the country was the worst hit, with some of them shutting shops, with the disruption in supplies of LPG from the middle east, as most of the vessels including that of India, transport LPG through Strait of Hormuz, that comes in the jurisdiction of Iran. Now, recently two vessels belonging to India passed through Hormuz and reached the destination here, carrying over 92,000 tonnes of LPG. However, it would take some more time for the normalcy in LPG supply chain to return. For now, the commercial cylinders are supplied to the consumers, albeit with riders. The consumers should apply in a prescribed format to the authorised dealers of fuel companies like IOCL, BPCL and HPCL, for a refill.

Sikkim has set up 24x7 LPG control rooms across districts to ensure smooth distribution and prevent black marketing amid concerns linked to the Strait of Hormuz situation. Oil companies, including IOCL, HPCL and BPCL, will coordinate with the government