🇮🇷🇹🇷⚡️Iran has launched a Second Ballistic Missile at Turkey.

The Turkish Ministry of Defense reports that a ballistic missile launched from Iran entered Turkish airspace and was intercepted by NATO air defense systems.

Indian Embassy in Bahrain issues Advisory for Nationals who want to Leave the Country via Saudi Arabia #ForeignAffairs

India needs 9 million tonnes of bitumen annually to build and maintain highways. With West Asia supplies disrupted, NHAI scrambles to secure supplies from domestic refiners like IOCL, BPCL, HPCL.

Nearly 35–36% of India’s bitumen demand is met through imports, much of it linked to West Asian crude flows.

If the conflict drags on, road construction costs could rise and supply chains will tighten. #Infra

🌾 45% of urea production goes through the Strait of Hormuz. We are about to see another massive shock to fertiliser markets.

Fortunately India imports only 15-20% of urea, the rest is manufactured here. #aatmarnirbharbharat #agriculture

Govt Sources say -

*India has no plan to release oil reserves in coordination with the International Energy Agency (IEA).

*India is unlikely to contribute from its strategic petroleum reserves in G7 effort, as our strategy is "India First"

ANI.

#Oil #Petroleum

Govt Sources say -

* Petrol and Diesel prices are unlikely to increase as we have enough stock. Unless crude oil prices breach USD 130, petrol-diesel prices are unlikely to increase. We expect crude oil prices to be around $100 per barrel.

* No problem of shortage of petrol and diesel at any pump in the country

* We have accelerated crude sourcing from routes outside the Strait of Hormuz

* India has enough stock of Aviation Turbine Fuel (ATF)

* India is a producer and exporter of ATF (Aviation Turbine Fuel), no need to panic about ATF

* India is better placed than other countries. Many countries have approached India for taking stock
----ANI

#Energy

Govt Sources say -

On LPG:
*In order to stop hoarding and black marketing, LPG booking period has been increased from 21 to 25 days

*There were instances where people who were earlier booking LPG cylinders in 55 Days has started booking LPG cylinders in 15 days.

*Govt has ordered refineries to boost LPG output

*Ordered to give priority to domestic LPG over commercial connections

*Domestic consumers will always be a priority

*Scouting for more LPG Partners

*Countries like Algeria, Australia, Canada, Norway have approached to sell LPG

-------- ANI

#energy

UAE Envoy to India hoping on PM Modi to resolve Issue...

#Geopolitics

A dinner with the R&AW chief and a meeting with India's DGMI. Bangladesh's new Director General of Forces Intelligence Maj Gen. Chowdhury visited New Delhi in a visit kept under wraps last between 1 & 3 March

Source

#IndianSubcontinent

Many Bengaluru hotels to be shut tomorrow as the city’s hotels association claims commercial gas cylinders’ supply has been stopped

#Energy

🇺🇸🇹🇷⚡ US urges citizens to leave SouthEast Turkiye, orders Non-Essential Staff out of Adana Consulate

PM Modi speaks to 🇳🇵 Nepali Leaders Rabi Lamichhane, Chairman of the Rastriya Swatantra Party (RSP) and Balendra Shah, Senior Leader of the RSP.

RSP recently won the Parliamentary Election in Nepal

#IndianSubcontinent

Air Traffic Between Asia & Europe is now Dependent on Just 2 Corridor

Even worse for Indian Carriers as they can't use the Azerbaijan Route due to Pakistan Airspace Ban #Aviation

Syama Prasad Mookerjee Port has signed a pact with East Horizon Pvt Limited to build a ₹260-cr Floating Storage and Regasification Unit (FSRU) at Haldia Dock Complex, boosting LNG handling and strengthening eastern India’s gas supply chain. #Ports #Energy

https://t.co/cxg7Cq0Hhm

West Asia War

For LPG supply to other non-domestic sectors, a committee of three EDs of OMCs have been constituted to review the representations for LPG supply to Restaurants/Hotels/other industries

Ministry has issued orders to oil refineries for higher LPG production and using such extra production for domestic LPG use

– Ministry of Petroleum and Natural Gas

#Policy

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Sri Lanka Hikes Fuel Prices #IndianSubcontinent

🛢️⚡ Brent Crude #Oil price has has now crashed to $86/barrel