npl977 >
NE
Energy / Petroleum
Nepal News Khoj Samachar English.MakaluKhabar.com
3 sources · 3 articles
Started 1 day ago · Updated 1 day ago

India Hikes Fuel Prices Again Amid Middle East Tensions

Photo · english.makalukhabar.com

India's state-run fuel companies have increased petrol and diesel prices for the fourth time in 10 days, citing strains on supply due to the Middle East war. Automobile fuel prices have risen by approximately five percent since the conflict began, impacting India's significant reliance on crude oil transported through the Strait of Hormuz.

  • Petrol prices in New Delhi have risen to 102.12 rupees per litre, and diesel to 95.20 rupees per litre.
  • The fuel price hikes are attributed to disruptions around the Strait of Hormuz, a critical energy corridor, and growing tensions between Iran and the United States.
  • Indian oil companies reported significant losses due to maintaining previous fuel rates while international crude oil prices increased.
  • Prime Minister Narendra Modi previously stated that fuel use restrictions were necessary to conserve foreign currency spent on imports.
  • India has increased its imports of Russian crude oil to compensate for supply gaps from the Middle East.

Coverage (3)

Share ↗
Related
Narendra Modi Strait of Hormuz United States India New Delhi Iran

More in Energy

See all ›
Energy Minister Shrestha: Reservoir Hydropower Projects Are Government's Top Priority Energy Minister Shrestha: Reservoir Hydropower Projects Are Government's Top Priority

Energy Minister Biraj Bhakta Shrestha has declared reservoir-based hydropower projects as a high priority for the government, emphasizing their crucial role in Nepal's long-term energy security, industrial development, and economic transformation. Following an inspection of the Kulekhani Hydropower Project, Shrestha stated that these projects are vital for electricity generation, water management, flood control, irrigation, and tourism, especially in light of climate change impacts.

9 articles · 16 hours ago
Nepal Prioritizes Reservoir Hydropower Projects for Energy Security and Economic Growth Nepal Prioritizes Reservoir Hydropower Projects for Energy Security and Economic Growth

Nepal's Energy Minister Shrestha has declared reservoir-type hydroelectric projects a national priority, emphasizing their crucial role in long-term energy security, industrial growth, and economic transformation. The government's focus will be on developing these projects, which are seen as vital for electricity generation, water management, and climate change adaptation. The minister also highlighted the need to attract domestic and foreign investment for such initiatives.

3 articles · 1 day ago