Govt to give Rs 30,000 crore to oil PSUs as LPG subsidy in 2025-26

IANS | March 12, 2026 3:35 PM

New Delhi, March 12 (IANS) The Government has approved a compensation of Rs 30,000 crore in FY 2025-26 to the public sector oil companies -- Indian Oil, Bharat Petroleum, and Hindustan Petroleum -- for supplying LPG at subsidised prices, the Parliament was informed on Thursday.

Energy security compromised due to flawed foreign policy; govt must prepare: Rahul Gandhi

IANS | March 12, 2026 3:24 PM

New Delhi, March 12 (IANS) Leader of Opposition in the Lok Sabha, Rahul Gandhi, on Thursday expressed concern over India’s energy security, warning that the country could face serious challenges in the near future if adequate preparations are not made. He said "flawed" foreign policy decisions had contributed to the current situation and urged the government to act promptly to safeguard people's interests.

No crisis on oil front as India has ample reserves, diversified imports: Govt

IANS | March 12, 2026 2:15 PM

New Delhi, March 12 (IANS) India's strategic oil reserves and diversification of energy imports across 40 supplier countries have transformed its capacity to absorb global energy shocks, and this resilience has ensured that there is no energy crisis due to the disruption caused by the Iran war as the government is tackling the situation with supply-side management, a senior official said on Thursday.

Opposition claims LPG shortage; ruling alliance MPs assure there is no need to panic

IANS | March 12, 2026 1:50 PM

New Delhi, March 12 (IANS) Several Opposition MPs on Thursday raised concerns over claims of shortages of LPG cylinders and rising fuel prices, demanding a discussion in Parliament and accusing the government of failing to manage the supply situation. However, leaders from the ruling alliance asserted that there was no reason for panic and assured that adequate reserves were available in the country.