Russian oil import
International

Philippines Refinery Buys Russian Crude

By BPN News Desk
Petron Corp, the Philippines’ only oil refinery, has secured nearly 2.5 million barrels of crude from Russia after losing access to around 4 million barrels in cancelled shipments since the start of the US-Israel war on Iran. The move reflects the growing pressure on Asian fuel markets as the conflict disrupts normal crude flows and […]
pm modi
National

PM Modi Warns Of Global Fuel Supply Crisis

By BPN News Desk
Prime Minister Narendra Modi on Sunday warned that the ongoing turmoil in parts of the world, especially in West Asia, could worsen fuel supply pressures and trigger a broader petrol and diesel crisis. Speaking during the 132nd episode of Mann Ki Baat, he said the situation remains serious but added that India is in a […]
india sri lanka
International

India Sends Fuel Support To Sri Lanka

By BPN News Desk
India has sent 38,000 metric tonnes of fuel to Sri Lanka as emergency support, offering relief to the island nation as it faces fresh energy pressure linked to the West Asia conflict and disruption in regional fuel supply chains. The shipment reflects India’s continuing role as Sri Lanka’s key crisis-response partner during periods of external […]
Vladmir Putin russia
International

Russia Bans Gasoline Exports From April 1

By BPN News Desk
Russia will ban gasoline exports from April 1 to July 31 as the government moves to protect domestic fuel supply and contain price volatility amid the global energy shock triggered by the Iran war. The decision signals Moscow’s concern that turbulence in international oil markets could spill over into its own retail fuel system despite […]
congress
National

Congress Calls Fuel Price Cut A Poll Ploy

By BPN News Desk
The Congress in Karnataka has criticised the recent fuel price reduction, calling it a political move designed to benefit oil companies rather than provide lasting relief to consumers. The party also warned that petrol and diesel prices could be raised again after the elections, turning the current cut into what it described as a temporary […]
pm modi
National

India Cuts Excise Duty On Petrol, Diesel

By BPN News Desk
India has cut special additional excise duties on petrol and diesel as the government moves to cushion fuel markets from the shock caused by the Iran war and the disruption around the Strait of Hormuz. The decision comes as oil and gas supplies remain under pressure and concerns over import costs continue to grow. India […]

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