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hardeep singh puri

Hardeep Singh Puri

 

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Petrol, diesel price hike likely soon? RBI boss' warning after PM Modi's appeal to save fuel

Petrol, diesel price hike likely soon? RBI boss' warning after PM Modi's appeal to save fuel

May 14, 2026, 11:27 AM IST

Malhotra's warning comes after Prime Minister Narendra Modi appealed to the nation to cut down on petrol and diesel consumption and avoid purchasing gold for one year to preserve forex reserves. 

Oil Minister Backs PM’s Austerity Speech; Fiscal Measures Imminent If War Continues

Oil Minister Backs PM’s Austerity Speech; Fiscal Measures Imminent If War Continues

May 13, 2026, 02:23 PM IST

Minister Hardeep Singh Puri defends the Prime Minister’s call for austerity, describing it as a visionary roadmap for economic stability. He warns that if global conflicts persist, the government may be forced to implement strict fiscal measures to contain rising economic strain and protect the national budget.

Oil Minister Hardeep Singh Puri Highlights The Hit Taken By Oil Marketing Companies

Oil Minister Hardeep Singh Puri Highlights The Hit Taken By Oil Marketing Companies

May 13, 2026, 02:18 PM IST

Oil Minister Hardeep Singh Puri discusses the impact of the West Asia crisis on India’s energy sector. He highlights that Oil Marketing Companies (OMCs) are losing ₹1,000 crore daily, with one quarter of losses potentially wiping out $28 billion in annual profits. Despite this, OMCs continue to absorb hits to keep consumers insulated from global price hikes. The Minister outlines the "war room" strategies used to ensure no fuel shortages across the country.

HS Puri: Fuel Price Hikes And Elections Are Not Related; No Price Increase Since 2022

HS Puri: Fuel Price Hikes And Elections Are Not Related; No Price Increase Since 2022

May 13, 2026, 02:10 PM IST

Amidst the West Asia crisis, Petroleum Minister Hardeep Singh Puri addresses speculation regarding post-election fuel hikes. While acknowledging market volatility, he clarifies that pricing decisions remain independent of the election cycle. Puri also discusses OMCs ramping up LPG capacity and the mounting under-recoveries national oil companies are facing.

'Do some homework before jumping...': Hardeep Puri blasts critics over PM Modi's fuel-saving call

'Do some homework before jumping...': Hardeep Puri blasts critics over PM Modi's fuel-saving call

May 12, 2026, 04:26 PM IST

'We strategically hold enough energy for 74 days, and continue to further expand our capacity,' says Hardeep Puri

Fuel Prices Steady Despite Crisis, Says Hardeep Singh Puri Amid Global Tensions

Fuel Prices Steady Despite Crisis, Says Hardeep Singh Puri Amid Global Tensions

May 02, 2026, 07:14 PM IST

Fuel Prices Steady Despite Crisis, Says Hardeep Singh Puri Amid Global Tensions

Modi Govt Cuts Fuel Duties, ATF Tax Scrapped Amid Oil Shock & Market Jitters

Modi Govt Cuts Fuel Duties, ATF Tax Scrapped Amid Oil Shock & Market Jitters

Mar 27, 2026, 06:28 PM IST

In a decisive move amid a global energy crisis, the Government of India has slashed special additional excise duties on petrol and diesel while removing taxes on Aviation Turbine Fuel (ATF) for domestic flights. The decision aims to ease pressure on oil marketing companies and delay a potential spike in fuel prices triggered by soaring crude oil rates due to escalating tensions in West Asia. Finance Minister Nirmala Sitharaman called it a calibrated step to balance consumer relief and energy security, while Petroleum Minister Hardeep Singh Puri acknowledged the significant fiscal cost. However, the move has rattled markets—bond yields have surged, equities slipped, and the rupee weakened. With Centre stepping in, all eyes are now on states to cut VAT on fuels.

Govt overhauls excise duty, windfall tax as West Asia crisis hits energy markets

Govt overhauls excise duty, windfall tax as West Asia crisis hits energy markets

Mar 27, 2026, 03:35 PM IST

Petrol and diesel pump prices held steady; export levies hiked to secure domestic supply

BT EXPLAINER: Why Indian basket crude oil at $143 a barrel is more expensive than Brent and WTI

BT EXPLAINER: Why Indian basket crude oil at $143 a barrel is more expensive than Brent and WTI

Mar 17, 2026, 06:34 PM IST

As the flow of the most traded commodity globally gets hit, global crude oil prices are on the rise

LPG Shortage Sparks Parliament Showdown: Rahul Gandhi Attacks Govt As MPs Protest With Utensils

LPG Shortage Sparks Parliament Showdown: Rahul Gandhi Attacks Govt As MPs Protest With Utensils

Mar 13, 2026, 05:59 PM IST

The LPG shortage crisis has now exploded into a political confrontation inside Parliament. Opposition parties cornered the government in the Lok Sabha, accusing it of failing to anticipate the cooking gas shortage affecting households across India. Dramatic scenes unfolded as Trinamool Congress MPs staged a protest inside the House, banging utensils — including plates, spoons and frying pans — to highlight the growing crisis. Leader of the Opposition Rahul Gandhi launched a sharp attack on the government, alleging failures in policy and governance. Meanwhile, Union Petroleum Minister Hardeep Singh Puri dismissed the claims, calling reports of a shortage “rumour mongering” and urging calm. With protests rocking Parliament and political leaders across states raising concerns, the LPG crisis has now become the latest flashpoint between the government and the opposition.

LPG supply concerns: Centre brings back kerosene, coal as cooking fuel amid West Asia conflict

LPG supply concerns: Centre brings back kerosene, coal as cooking fuel amid West Asia conflict

Mar 13, 2026, 12:51 PM IST

The government has allocated an additional 48,000 kilolitres of kerosene to states over and above the regular quota of one lakh kilolitres for household use

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