organization · 5 records
Oil Marketing Companies
Government says E20 petrol causes no widespread engine damage
The Indian government responded in Parliament to concerns about E20 petrol, stating that there is no current decision to increase ethanol blending beyond 20%, and that E20 is safe without evidence of widespread engine damage, though minor mileage reduction may occur in older vehicles.
Oil companies mandate electronic KYC for subsidized LPG by August 16
Oil marketing companies mandate electronic KYC completion by August 16 for continued subsidized LPG access while reducing commercial cylinder prices.
Centre clarifies petrol pricing factors and urges states to reduce VAT
The Union government clarified retail petrol price determinants and urged state governments to cut VAT, noting public sector OMCs faced significant under-recoveries despite global crude drops.
Multiple regulatory and pricing changes take effect in India on August first
Multiple regulatory and pricing updates concerning LPG, aviation fuel, banking fees, railway ticketing, and GST invoicing are set to begin in India on August 1st.
Government reports ethanol production does not impact food security or inflation
India's petroleum ministry reported that 3.9 million tonnes of FCI rice and 6.8 million tonnes of maize have been used for ethanol production through June 2026, asserting the 20% blending target has not impacted food security or retail inflation.