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13.06.26 - 17:48
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India Caps Fuel Sales To Avoid Shortages (ZeroHedge)
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India Caps Fuel Sales To Avoid Shortages
Submitted by Irina Slav of OilPrice.com
India has imposed limits on gasoline and diesel sales at retail fuel stations to avoid supply crunches, with commercial consumers banned from buying any fuel from retail stations, Bloomberg reported, noting there will be daily limits on diesel sales.
The diesel cap was set at 200 litres per vehicle or customer, with resale of the fuel forbidden, Reuters noted in a report on the news. Commercial users, meanwhile, will have to get their fuels from bulk sellers after their rush to retail fuel stations drained some of them. Fuels are cheaper at retail stations to shield consumers from the oil price shock.
The limits will be in effect for an initial period of 90 days, per the government order that instituted them. They can be canceled earlier, however, the document also said.
Since the war in the Middle East began and cut off over 40% of India's crude oil flows, those that passed through the Strait of Hormuz, one of t...
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13.06.26 - 02:54
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Reinsurance buffers crash claim, Tata AIG logs Rs 1,008 crore profit (Times of India)
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The General Insurance Corporation had estimated claims of over $400 million last year from the Air India Ahmedabad crash. Since then, reinsurers have settled some claims. Tata AIG, which was the lead insurer, had a 45% share of the risk. “We fully provided for it in that same quarter itself. Net of reinsurance, our exposure was less than Rs 50 crore,” said Amit Ganorkar, MD & CEO, Tata AIG General....
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13.06.26 - 02:36
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Despite rocky year, Tata Sons records high profit growth (Times of India)
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Tata Sons is understood to have recorded high-teens profit growth in FY26, a result that strengthens Chandrasekaran's hand as he faces questions from Noel Tata, chairman of principal shareholder Tata Trusts, over losses at the company's new businesses, including Tata Digital. Growth came despite lower dividend income from operating companies, including a reduced payout from TCS....
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12.06.26 - 23:01
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BloombergNEF Global Energy Market Outlook (Bloomberg)
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Tom Rowlands-Rees, Head, Global Power Markets Analysis, BloombergNEF examines how the Iran conflict is reshaping energy supply, trade flows and market dynamics at the Bloomberg Energy Security Executive Briefing 2026 in Houston. (Source: Bloomberg)...
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