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The Latest Breaking News from LPG

India’s top 3 fuel retailers may report Rs 47,700 crore loss in Q1. What’s behind this?

India's three largest fuel retailers—HPCL, BPCL and IOCL—are expected to report a combined EBITDA loss of up to Rs 47,700 crore in Q1FY27 as soaring crude oil prices, LPG under-recoveries, weak fuel marketing margins and rupee depreciation squeeze profitability. Analysts say further fuel price hikes may be needed if crude…

The Economic Times

Slowing rural incomes could weigh on consumer demand: Dhananjay Sinha

Headline rural wage growth in India is misleading, with underlying increases significantly lower than reported. Rising inflation, reverse migration from cities, and an uncertain monsoon threaten to dampen rural demand. Consumer companies may face squeezed purchasing power as prices climb and real wages stagnate, potentially impacting their profitability and volume…

The Economic Times

Indian refiners increase Russian and UAE oil imports ahead of Hormuz recovery

India's crude oil imports hit a milestone in June, as Russia emerged as the primary supplier, followed closely by the UAE's near-record imports. This shift represents a calculated diversification strategy, influenced by attractive discounts and apprehensions surrounding the Strait of Hormuz. Venezuela is stepping into a crucial role, while the…

The Economic Times

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From Hormuz shock to energy security: How Reliance kept India's fuel lifeline intact

Reliance Petrochemicals, Reliance Oil Business, AGM 2026: Reliance Industries ensured energy security during a West Asian conflict. The company redirected domestic natural gas to critical sectors. It also increased LPG supplies fourfold. This action bridged import disruptions and maintained cooking fuel availability nationwide. Reliance's oil and gas business showed strong…

The Economic Times

No shortage of energy in country, LPG, oil supply situation comfortable: Hardeep Singh Puri

Speaking with reporters in Ludhiana, Puri further asserted that, while fuel prices rose considerably in many countries, rates in India dropped by 3.1 per cent from May 2022 to May 2026.

The Economic Times

LPG gas cylinder price hiked by Rs 29: Check domestic cylinder rates in Delhi, Mumbai, Kolkata, Chennai and other cities

LPG Price hike: Cooking gas cylinders have become costlier again. A 14.2-kg domestic LPG cylinder now costs ₹29 more across India. This is the second price hike in three months. Revised rates took effect on June 7. State-run oil companies implemented the increase. This impacts millions of households. Fuel retailers…

The Economic Times

LPG Prices Hiked: Domestic cooking gas rates increased by Rs 29 per cylinder; Here's what consumers will now pay

LPG Price Today: Domestic LPG cylinder prices have been increased by Rs 29, taking the cost of a 14.2-kg cylinder in Delhi to Rs 942 with effect from June 7. The hike comes after a previous increase in March and is aimed at partially offsetting losses incurred by oil marketing…

The Economic Times

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BW LPG Q1 Earnings Call Highlights

BW LPG (NYSE:BWLP) reported sharply higher first-quarter earnings and announced a major fleet renewal program, as management said geopolitical disruptions in the Middle East and shifting LPG trade flows have pushed very large gas carrier freight rates to historically elevated levels. Chief Executiv

MarketBeat

LPG Cylinder Price Today (June 1): Check domestic gas rates in Delhi, Mumbai, Kolkata, Chennai after commercial rates hiked by Rs 42 in capital

LPG Domestic Cylinder Price today: Commercial LPG cylinder prices saw a significant increase of up to Rs 53.50 on June 1, 2026, impacting businesses like hotels and restaurants. Domestic LPG cylinder prices, however, remain unchanged. This hike, occurring amid concerns over fuel supply security and global energy market volatility, has…

The Economic Times

QSR chains face margin pressure, not demand shock: Karan Taurani on fuel and LPG impact

Rising fuel and LPG prices are impacting India's consumption landscape unevenly. While some sectors like QSR face margin compression due to high LPG dependence, others like alco-bev and retail show divergence based on cost structures and input reliance. Platform businesses are relatively insulated but face risks from restaurant partner struggles…

The Economic Times

Govt gives up Rs 14,000 crore in tax revenue after excise duty cut on petrol and diesel: Petroleum Ministry

The Indian government has sacrificed nearly Rs 14,000 crore in tax revenue by lowering excise duty on petrol and diesel. This move aims to protect consumers from rising fuel prices driven by the West Asia crisis. Despite this, oil companies continue to face daily losses.

The Economic Times

All rhetoric, no resilience: Why India is still addicted to ‘majboori’

Earlier this month, Prime Minister Narendra Modi asked Indians to rethink some of their habits. Travel abroad less, work from home when possible, reduce unnecessary imports, and buy less gold.

Newslaundry

Jubilant Foodworks shares crash 8% after Domino's India operator's Q4 results. What spooked investors?

Jubilant Foodworks shares dropped significantly after its fourth-quarter results. The Domino's India operator reported a profit rise but faced headwinds. Brokerages have reduced their target prices for the stock. Concerns include rising costs and slower growth. The company mentioned temporary LPG supply issues impacting operations. Analysts expect near-term pressure on…

The Economic Times

Dorian LPG Q4 Earnings Call Highlights

Dorian LPG (NYSE:LPG) executives said the company benefited from a stronger VLGC freight market in its fiscal fourth quarter, while emphasizing a cautious capital allocation approach as the sector faces volatile geopolitics, high Panama Canal costs and an expanding orderbook. On the company’s fourt

MarketBeat

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The Economic Times

US Justice Department drops all criminal charges against Gautam Adani, closes case permanently

US authorities have dropped criminal fraud charges against Gautam Adani. This follows a $275 million settlement for a probe into sanctions violations. Adani had promised a $10 billion investment in the US economy. His lawyer argued the case was weak and investment was contingent on dismissal. The settlement involved apparent…

The Economic Times

Adani Enterprises resolves US Treasury sanctions case with $275 mln settlement after 'proactive' disclosure, cooperation

Adani Enterprises has agreed to a $275 million settlement with the US Treasury. This resolves potential civil liability for 32 apparent violations of US sanctions on Iran. The company bought liquefied petroleum gas from a Dubai trader. This gas had actually originated from Iran. Separately, the US Securities and Exchange…

The Economic Times

Should petrol, diesel prices go up by Rs 25 per litre? Oil companies are staring at Rs 1,380 crore daily loss

Indian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and daily hits of Rs 1,380 crore for Indian Oil Corporation (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL). Brokerages including Nomura and Elara Capital warn further fuel price hikes…

The Economic Times

Marshall Islands-flagged LPG tanker Symi arrives at Kandla Port after crossing Strait of Hormuz

The arrival of the LPG shipment comes amid heightened international attention on maritime traffic through the Strait of Hormuz, a critical global energy transit route connecting the Persian Gulf with international shipping lanes.

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The Economic Times

Two India-bound LPG tankers transit through Strait of Hormuz amid US-Iran war

Two ships carrying cooking fuel have successfully passed through the Strait of Hormuz. These vessels are heading towards India. This marks an increase in such passages recently. Several other large ships carrying oil, fuel, and gas have also navigated the strait. Some vessels are still near a US blockade line.…

The Economic Times

India-bound LPG tanker MV Sunshine crossing Strait of Hormuz; Indian Navy, agencies provide all support: Sources

The India-bound LPG tanker MV Sunshine is safely navigating the Strait of Hormuz. The Indian Navy is providing support for its secure passage. Iran's Deputy Foreign Minister stated that peace in the Strait of Hormuz would improve safety. He also mentioned that Iran welcomes any Indian initiative to reduce regional…

The Economic Times

Petroleum Ministry says fuel, LPG stocks adequate amid global supply disruptions; urges citizens to conserve energy

India's Petroleum Ministry confirms stable fuel supplies despite global energy challenges. Crude oil inventories are secure, refineries operate at peak capacity, and no fuel shortages are reported nationwide. The government urges citizens to conserve fuel by using public transport, carpooling, and opting for electric vehicles. These measures aim to ease…

The Guardian - AU

‘You can see why I love this car’: even amid a fuel crisis some Australian drivers can fill up for $60

Carl Camilleri is one of a dwindling number of owners of LPG-fuelled cars. As petrol and diesel prices go through the roof, they are sparking a dose of Australian car industry nostalgia

The Times of India

'No gas for roti, naan': Karachi families struggle as unannounced cuts enter second week

For the second consecutive week, unannounced gas outages have thrown daily life into chaos across Karachi, Pakistan forcing families to queue for roti and LPG while drawing sharp criticism from political leaders and a denial of lapses from the utility company.

MyLifeXP

One Missed Check, Big Danger: What You Must Do Before Taking a Cylinder

What if the biggest danger in your home arrives quietly right at your doorstep? An LPG cylinder feels routine. You receive it, place it in the kitchen, and move on without a second thought. But with recent supply delays and rising demand, important safety checks are often ignored and that’s…

MyLifeXP

Indian Oil’s Chhotu LPG: No Booking, Just Go

Imagine running out of gas in the middle of cooking No backup. No time. No help. And then someone says Just walk out and buy a cylinder instantly. Sounds impossible, right? But Indian Oil Corporation just made it real. No booking. No waiting. No long process Just pick it up…

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