‘Oil companies are losing Rs 1,000 crore every day’: Petroleum Minister Hardeep Singh Puri hints oil price hike is imminent

'Oil companies are losing Rs 1,000 crore every day': Petroleum Minister Hardeep Singh Puri hints oil price hike is imminent

New Delhi: Public sector oil marketing companies may not be able to sustain losses of Rs 1,000 crore per day from selling petrol and diesel below market prices, Petroleum Minister Hardeep Singh Puri said on Tuesday, a strong indication that petrol prices will rise in the coming days.“They are incurring losses to protect consumers. (But) … Read more

‘India has no shortage of energy’: Union Minister Hardeep Singh Puri over supply concerns amid US-Iran war

'India has no shortage of energy': Union Minister Hardeep Singh Puri over supply concerns amid US-Iran war

Photo credit: X/@HardeepSPuri New Delhi: Union Minister of Petroleum and Natural Gas, Hardeep Singh PuriIndia on Friday sought to allay public concerns over energy supplies, saying “there is no energy shortage in India” and consumers had no reason to worry amid ongoing geopolitical tensions in West Asia. The minister said in a post onThe comments … Read more