Rakesh Sharma

India’s consumers — hit with the first fuel price hike in four years — will likely face more such rises in the near term, as the government grapples with the economic impact of a months-long conflict in the Persian Gulf.

India will partner with the United Arab Emirates to expand its strategic crude and gas reserves, a key step for the world’s third-largest oil consumer to guard against future supply disruptions.

India is examining the circumstances of an attack on a cargo vessel that caught fire before sinking in the Gulf of Oman, according to officials familiar with the matter.

India’s oil refiners are expected to weather disruption in supply after the US allowed its waiver on Russian crude purchases to expire, thanks to weaker demand and available barrels from the US and the Middle East.

India’s state-run refiners raised fuel prices for the second time in less than a week, as they grapple with economic losses after the Middle East conflict drove the cost of crude significantly higher.

India’s airlines have asked state-run oil refiners to hold off on hiking jet fuel prices for domestic flights until the conflict in the Middle East ends, people familiar with the matter said, in a bid to alleviate their rising cost pressures and mounting losses.

Adani’s $300 million of fines is just 0.3 percent of his net worth.

India’s Bharat Petroleum Corp. Ltd. has largely shifted to making spot crude purchases as the Iran war upends annual arrangements for Middle Eastern barrels, highlighting challenges for refiners to secure supplies.

India’s state-run refiners raised retail prices again of diesel and gasoline on Saturday to help processors cut losses on discounted sales and to control a spike in demand.

India’s state-run fuel retailers raised gasoline and diesel prices for the fourth time this month as surging consumption during the agricultural harvest season and widening price disparities with private outlets strained inventories.