INDIA
Two Indian-flagged tankers, carrying 92,700 MT of LPG, transit Strait Of Hormuz safely: Special secy, ministry of shipping
Government sources told Moneycontrol that India is continuously engaging with Iran to ensure safe transit of remaining stranded vessels in the Persian Gulf. "We are in continuous talks, we want to ensure safe passage for Indian vessels," the source said, adding that there will be more talks.
INDIA
LPG a concern for India as most supply passes Strait of Hormuz: Govt official
However, no dry out has been observed so far and refineries have 'adequate inventory' of crude oil, petroleum ministry official said
INDIA
US waiver may help India absorb Russian oil worth $2.99 billion stranded at sea amid Gulf crisis
The contraction in Gulf countries’ oil flows to Asia amid conflict provides a strategic advantage to Russia, which had witnessed a significant slowdown in purchases from key buyers after the US Office of Foreign Assets Control sanctions on oil majors in November 2025, Centre for Research on Energy and Clean Air said.
BUSINESS
India extends LPG booking cycle for rural households to 45-days amid supply concerns after Hormuz disruption
Oil ministry on March 12 announced that 20% of average monthly commercial LPG requirement will be allocated from today by OMCs to industrial and commercial users in coordination with state governments.
BUSINESS
Hindusthan Glass writes to Petroleum ministry expressing concerns over cuts to gas quota
Gas is a key component in glass manufacturing as it heats the glass producing furnaces.
BUSINESS
OMCs to release some commercial LPG cylinders amid shortage concerns
LPG procurement has now been actively diversified, with cargoes being secured from the United States, Norway, Canada, Algeria, and Russia, in addition to available Gulf sources, the oil ministry said.
INDIA
How two India-bound tankers went ‘dark’ to navigate conflict-hit Strait of Hormuz
Industry sources told Moneycontrol that the two ships have switched off their automatic identification system (AIS) and transponders while transiting the 33-km wide Strait of Hormuz in order to ensure safe transit amid rising strikes around the region.
INDIA
LPG crisis: Higher output may only offer partial relief, meeting only half of India’s demand
Even if refineries manage to increase LPG output by 10–20% above the current domestic production, domestic supply would only rise to roughly 47–50% of total demand, leaving a significant gap that must still be filled through imports, according to commodity analytics firm Kpler.
INDIA
Two India-bound tankers pass through Strait of Hormuz with tracking switched off: Source
One of these tankers was loaded from Al-Basra oil terminal located in southern Iraq while the other from east coast of Saudi Arabia, the source added.
INDIA
Centre says taking steps to contain LPG prices, urges people against panic buying
She added that the domestic LPG production has been increased by 25% and is being directed to household consumers to ensure sufficient supply.
BUSINESS
Two LNG cargoes on their way to country, says govt amid gas shortage fears
As per oil ministry, as much as 47.4 mmscmd gas supply has been affected due to force majeure conditions.
BUSINESS
First non-Iranian crude tanker exits conflict-hit Strait of Hormuz for India: S&P
Tanker traffic at the Strait of Hormuz has fallen to minimal levels, while alternative export routes via Fujairah and Yanbu are operating at record capacity, as per data from commodity analytics firm Kpler.
BUSINESS
India re-routes crude through Saudi, UAE pipelines to bypass Hormuz but supply gap persists
Aramco’s East-West pipeline can transport 5 million barrels per day to the Yanbu port on the Red Sea, while Abu Dhabi National Oil Company’s Fujairah pipeline is funnelling 1.5 mbpd directly to the Gulf of Oman
BUSINESS
Hormuz disruption could double India’s energy delivery times
Replacing Gulf LNG with cargoes from the US, Africa, or Australia could stretch shipping times from under a week to more than a month
BUSINESS
LPG production increased by 10%, crude oil position is sound and improving, says govt source
Govt has set a committee wherein OMCs will engage with restaurants, commercial users of LPG and prioritise gas supply as per their needs, government sources said. LNG and LPG supplies from other countries have started arriving India, official sources confirmed.
INDIA
Gulf tensions revive push to boost India’s stagnant oil, gas production
The country’s domestic production of oil and gas continues to stagnate even after the government introduced reforms to attract investments in the upstream sector
WORLD
Retail petrol, diesel prices unlikely to be hiked amid rising global oil rates: Govt sources
Brent oil prices surged past $100 per barrel on March 9 touching $120 per bbl earlier in the day before settling to $102 per bbl. Government sources said that India is not planning to release oil reserves in coordination with the International Energy Agency and is not a member of the organisation.
INDIA
India securing LPG supplies from US firms, Adnoc, others amid gas import concerns: Govt source
The official revealed that deliveries of LPG from Australia, Algeria, Canada and the US are in progress
BUSINESS
Iran war oil shock: 20 million bpd supply loss equals 5 major disruptions between 1978–2022
What differentiates the current situation is the stacking of multiple supply disturbances including interruptions along strategic transport corridors, unplanned outages, and reduced output in parts of the Gulf, analysts said.
BUSINESS
India ramps up Russian oil purchases, 33 million barrels set to arrive this month after US waiver
Around 33 million barrels of Russian oil are expected at Indian ports in March against 29.17 million bpd in February. So far, Indian refiners have already bought 10 million barrels
WORLD
Indian refiners buy both sanctioned, non-sanctioned Russian oil post US waiver
US grants India a 30-day waiver to receive Russian oil cargoes loaded before March 5 as Strait of Hormuz tensions ease, government sources say.
BUSINESS
India invokes emergency provisions, asks refiners to boost LPG output amid Gulf crisis
Invoking the emergency powers under the Essential Commodities Act, 1955, the government has directed Indian refiners to maximise their output of LPG asking public sector oil marketing companies to ensure that LPG so procured is marketed solely to consumers of domestic LPG.
BUSINESS
India continues buying Russian oil, studying legal implications of US waiver: Govt sources
India continues Russian oil imports and has diversified energy sources beyond Hormuz while boosting LPG output and scouting LNG cargoes, government sources say.
BUSINESS
US waiver on Russian oil offers India short-term relief; Chinese competition, Gulf exposure limit gains
With nearly 50% of India’s crude imports transiting the Strait of Hormuz, the country remains highly exposed to potential supply disruptions. Competition from China for the same barrels may limit India’s benefits, analytics firm Kpler has said
