Domestic LPG under-recoveries stood at around Rs 300 per cylinder in September 2026. Together, these losses are costing OMCs an estimated Rs 530 crore a day
Brent crude futures rose $3.21, or 3.1 per cent, to $107.82 a barrel by 1218 GMT, after touching an intraday high of $108.65
Speaking at the India Sugar & Bio-Energy Conference 2026, Kapoor said the E20 programme has progressed successfully and the next phase would involve blends with ethanol content above 20 per cent
MRPL separately plans to operate its refinery at more than 100 per cent capacity until March next year
The latest increase followed fresh military action involving the US and Iran as well as attacks by Iran-backed Houthis on Saudi Arabia, adding to uncertainty over energy supplies from the region
Shipments from Asia, including India, are expected to total between 1.8 million and 2 million metric tonnes, equivalent to roughly 13.4 million to 14.9 million barrels, during August
Brent crude futures fell 0.7 per cent to $87.24 a barrel in early trade, marking a fourth consecutive session of losses
