Union Home Minister Amit Shah said the tripartite agreement would unlock new possibilities for oil and natural gas exploration, as well as mineral mining, across the Northeast. As part of India’s long‑term energy security strategy, the Government of India and the State Governments of Assam and Nagaland signed a tripartite MoU on Thursday to facilitate...
Category: Oil & Gas
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India Clears ₹100 Billion ATF Stabilisation Package Amid West Asia Crisis
The ATF price stabilisation mechanism will operate for 36 months, subject to annual review or until the support amount is fully recovered, whichever comes first. Reeling from the high cost of aviation turbine fuel (ATF) since the start of the West Asia conflict in March this year, scheduled Indian carriers are in for some relief...
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GAIL Posts ₹69.68 Billion Profit for FY2025-26 Amid Global Headwinds
The company reiterated its focus on operational continuity, cost discipline, and supply reliability as it navigates a volatile market environment. GAIL (India) Ltd, the country’s leading natural gas transmission and marketing company, reported a profit after tax (PAT) of ₹69.68 billion for FY2025-26, reflecting moderated profitability amid geopolitical headwinds. Deepak Gupta, Chairman & Managing Director, said,...
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Air India Slashes 29 International Routes Amid ATF Price Surge
The airline attributed the curtailment of international services to ongoing airspace restrictions and record-high jet fuel prices, which have eroded the viability of several routes. Air India has announced cuts across 29 international routes between June and August 2026, suspending six services and reducing frequencies on others, as record-high aviation turbine fuel (ATF) prices and...
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S&P Urges Breaking Barriers as India Growth Outlook Moderates
A report by the global consultancy says the energy shock could be an opportunity to tackle tactical issues and clear roadblocks, helping the world’s fastest‑growing major economy achieve longer‑term growth and sustainability goals. The energy price surge and supply constraints triggered by the conflict in West Asia are feeding into broader economic stress for India,...
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India and Asian Markets Adapt to Middle East LNG Disruption: S&P Global Energy
India’s gas allocation framework prioritises fertilisers, city gas, and transport, leaving power, refining, and petrochemicals more exposed to supply curtailments, according to the global energy analytics firm. Asian markets are deploying a range of strategies to cope with liquefied natural gas (LNG) supply disruptions from the Middle East, according to S&P Global Energy, a leading...
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Qatar Pledges Deeper Energy Ties with India During Puri’s Doha Visit
The gas‑rich Gulf state has reaffirmed its role as a reliable energy supplier and emphasised its intent to deepen cooperation with India. Qatar has reaffirmed its commitment to remain a reliable energy supplier while also looking forward to strengthening energy relations and cooperation with India. This assurance was conveyed to Union Minister for Petroleum and...
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IndiGo Revises Fuel Charges as ATF Costs Soar
IndiGo’s fuel charge revision follows a 130% month-on-month surge in air turbine fuel (ATF) prices. IndiGo has announced a revision in fuel charges across its domestic and international routes, effective for all bookings made after 0001 hrs on April 2. The move comes in response to a sharp spike in air turbine fuel (ATF) prices,...
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India Orders Boost in LPG Output to Safeguard Household Supply
Amid current disruptions to fuel supplies, particularly LPG, the Centre has directed oil refiners to step up cooking gas production and channel the surplus towards domestic use. In view of current disruptions to fuel supplies, especially liquefied petroleum gas (LPG), the Centre has directed oil refiners to ramp up LPG production and divert the surplus...
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Deepak Gupta Named CMD of GAIL, to Drive Energy Growth
A mechanical engineer from Delhi College of Engineering, Gupta brings 35 years of expertise spanning the entire oil & gas value chain. Deepak Gupta has assumed charge as Chairman & Managing Director of GAIL (India) Ltd, the country’s leading natural gas and clean energy company. A mechanical engineer from Delhi College of Engineering, Gupta brings...