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Economy News, Latest Economic News Today | The HinduBusinessLine

IBC 2.0 takes effect as MCA notifies major insolvency reforms Fuel price hikes may push India’s retail inflation to 5% by June Experts call for import curbs and tax reforms amid West Asia crisis India, Canada looking at concluding trade pact talks by year end Centre forms panel on demographic change linked to illegal immigration Andhra govt begins Ebola screening at Vijayawada airport India ethanol push drives big rise in land farmed to make fuel Signs of El Niño emergence by June, says Australian Met body Quad slams Iran’s Hormuz tolls; unveils critical minerals framework at Delhi Meet BluJ Aerospace unveils Gen #2 aircraft UPL gets approval for Bioclassic in India Banning a pesticide will not stop farmer suicides: CropLife India KVIC targets Rs 2.51 lakh crore business in FY27 amid khadi growth India cancels soymeal export deals, turns to African soybean imports, sources say Diesel rationing hits truck movement, slows cargo across ports, industrial corridors Quad to mobilise $20 bn to strengthen critical minerals supply chain RE project awarded by Centre to SPV of InvIT: SEBI Share of petroleum products in total exports slipped to 8.8% in FY26, the lowest in over 10 years Rajasthan govt, Wadhwani AI sign MoU to deploy AI solutions in state’s agri ecosystem Brewing storm over Bay may delay classical monsoon onset in Kerala FACT hikes fertilizer prices, here's what getting costlier India, US strike critical minerals deal amid China concerns India prepares interim, not final, report as Air India crash anniversary nears, source says India’s trucking sector faces crisis amid diesel price hikes and fuel shortages India, Canada aim to conclude CEPA by year-end; triple trade by 2030: Piyush Goyal CNG prices raised by ₹2/kg in Delhi, fourth hike in 15 days TVS Supply Chain Solutions reports consolidated PAT of ₹18 crore in Q4FY26 Govt expands Ebola vigil, all incoming passengers to be screened Govt expands Ebola vigil, all incoming passengers to be screened Challenges to the economy are more externally driven: FM Par panel members grill oil ministry officials over 'shortage' of petrol, LPG No blanket extension on ALMM for solar PV cells beyond June 1: MNRE Petrol above ₹100 drives shift towards EVs and fuel-efficient vehicles New Delhi to host Quad meet on Tuesday amid West Asia turmoil Air India Express aircraft damages runway lights in Muscat DP World’s Mundra terminal could increase India’s GDP by $9.2 billion by 2035: Oxford Economics study US hopes to clinch trade deal soon but India wants tariff clarity West Asia crisis likely to push fertilizer subsidy beyond ₹3 lakh crore in FY27 PE, VC investments halve to $2.7 billion in April Tamil Nadu announces crop loan waiver for 14.22 lakh farmers Skye Air targets US entry by 2028, bets on D2C growth at home Centre seeks solution as State bans on bio-fertilizer sales hit PMKSK model Telangana to procure jowar, sunflower at MSP DP World’s Mundra terminal could increase India’s GDP by $9.2 billion by 2035: Oxford Economics study P Jawahar takes charge as MPEDA Chairman Fertiliser subsidy expected to exceed ₹3 lakh crore in FY27 if geopolitical tensions continue Air India opens first overseas Maharaja Lounge at San Francisco airport Ashok Leyland, VRL Logistics deepen partnership with order for 715 vehicles Centre loses Rs 14,000 crore after petrol, diesel excise duty cut Railway parcel workers await medical facilities despite repeated appeals ONGC on-boards BP subsidiary as technical services provider to enhance production from western offshore Adequate availability of fertilisers for upcoming Kharif sowing season: Government State-owned fuel retailers losing nearly ₹600 crore daily despite price hikes IRFC signs ₹13,527 cr refinancing deal for Hyderabad Metro to support expansion and cut debt costs Tea prices drop at Coonoor auctions amid cautious buying DP World Mundra terminal may drive $9.2 billion GDP boost by 2035: Oxford Economics report IIT Madras launches maritime research facility with ₹4.5 crore in CSR funding from Mazagon Dock Shipbuilders West Asia Conflict: Austerity measures to impact diesel, petrol demand growth Global business growth halts in May amid West Asia conflict; Europe hit hardest: S&P Global Strait of Hormuz disruption boost bunkering business at Cochin Port German firm B+H Solutions to invest 1 million euros in India to push nano-fertiliser growth BioPrime inks commercial pact with Mosaic Co to integrate biological innovations into crop nutrition IMD Alert: Monsoon onset over Kerala expected on May 26, ±4 days Akasa Air adds flights while Iran war crimps rivals Premium spending is soaring, while mass consumption stays uneven: Kotak MF report PVV Infra eyes 13 wayside amenities projects on national highways Parliamentary panel to discuss impact of West Asia crisis on India's maritime trade Pune-based BioPrime in pact with US’ Mosaic to incorporate its biological components India can count on me, says Trump Govt allocates 8,606 tonnes of raw sugar exports to the US Andhra Pradesh bans toxic weedicide paraquat for 60 days Chennai Airport undertakes enhanced screening amid Ebola concerns Industry body urges UP, Maharashtra to reconsider recent directives to ban non-subsidised fertilizers US has emerged as strong energy partner; India will continue to buy from multiple sources: Jaishankar Oil marketing companies seek incentives for sustainable aviation fuel, see no delays in adoption Ebola virus: AP to screen passengers arriving from affected countries at airports Mixed trend in mandi prices of Rabi crops Delivery costs in Asia-Pacific rises by 19% amid fuel pressure: FarEye report States hold fuel VAT rates, see up to 58% rise in sales tax revenue Ganga Expressway to cut freight time, unlock ₹30,000 cr annual savings on logistics Overseas travel spending by Indians falls to $1.09 billion in March India, US are strategic allies, can work together in western hemisphere: Rubio Cement demand recovery, price hikes eyed in June as costs weigh on margins: Report Fuel austerity clouds demand outlook; India's annual product growth forecast cut 40% India should now focus on FTA implementation, utilisation by exporters: Experts Govt in 'advanced stage of consultation' on industry's demand for cotton import duty removal: Official Retail fuel price hike 'inevitable' if global oil pressures persist: BPCL's Director HR Telangana Cabinet clears new life sciences policy 2026-30 CAFE III, ADAS norms set to drive next growth cycle for auto-component makers Goyal to meet Canadian PM Mark Carney to fast-track trade pact Why transparent sugarcane pricing can improve sustainability across the sector Piyush Goyal to visit Canada with 150 business leaders to boost trade ties Rubio, Modi discuss bilateral trade, energy security, West Asia crisis Petrol costliest in Andhra, cheapest in Gujarat Government does not interfere in exchange rates: Goyal Securing food, saving the environment: Rethinking India’s rice cultivation Cube Highways Trust to distribute ₹3.57 per unit for Q4 FY26 Small MF distributors latch on to online platforms to beat GST complications From SMS crop alerts to autonomous farm intelligence El Nino, Strait of Hormuz risks may fuel fresh global food inflation surge: Citi Research Report
Govt enhances C3, C4 allocation for pharma, packaging chemical sectors to 1,000 tonnes/day
2026-04-15 · via Economy News, Latest Economic News Today | The HinduBusinessLine
An inter-ministerial Joint Working Group (JWG) has been set up to ensure availability of petrochemical feedstock supply for the domestic market.

An inter-ministerial Joint Working Group (JWG) has been set up to ensure availability of petrochemical feedstock supply for the domestic market. | Photo Credit: MAIL PIC

The Ministry of Petroleum and Natural Gas (MoPNG) said on Wednesday that it will now make available 1,000 tonnes per day (TPD) of C3 (propane) and C4 (butanes/ butenes) streams for critical sectors such as pharma, packaging, polymers, etc.

The government introduced this scheme on April 1, under which refining companies including petrochemical complexes have to make available certain minimum quantities of C3 and C4 streams for critical sectors under the Department of Pharmaceuticals, Department of Food & Public Distribution, Department of Chemicals & Petro Chemicals, etc.

The allocation is based on specific quantity and refinery source as determined by the Centre for High Technology (CHT). On April 8, the government allocated 800 TPD from the C3 and C4 streams to these critical sectors. This allocation has now been raised by 25 per cent to 1,000 TPD.

Sujata Sharma, Joint Secretary in MoPNG, said an inter-ministerial Joint Working Group (JWG) has been set up to ensure availability of petrochemical feedstock supply for the domestic market.

“Based on the requests received from the Department of Pharmaceuticals, Department of Chemicals & Petro Chemicals (DCPC), Department for Promotion of Industry and internal trade (DPIIT), the provision for 1,000 TPD from LPG pool has been made for Pharma and Chemical sector companies. Since April 9, 2026, around 1,800 tonnes of propylene has been sold,” she added.

Domestic supply

Despite the ongoing geopolitical situation, the government has ensured 100 per cent supply to domestic LPG, domestic PNG and CNG (Transport). Besides, the supply of 5 Kg FTL cylinder to migrant labour has already been doubled based on average daily supply on March 2nd and 3rd (2026).

LPG supply continues to be affected by the prevailing geopolitical situation. However, no dry-outs have been reported at LPG distributorships, Sharma said.

Total commercial LPG allocation has been increased to about 70 per cent of pre-crisis levels, including 10 per cent piped natural gas (PNG) reform-linked allocation.

Since March 23, more than 14.6 lakh 5-kg Free Trade LPG (FTL) cylinders have been sold. Besides, PSU oil marketing companies (OMCs) have organised more than 5,000 awareness camps for 5 Kg FTL cylinders since April 3, wherein more than 57,800 units were also sold.

A total of 1,34,226 tonnes of commercial LPG, which is equivalent to more than 70.64 lakh 19-Kg LPG cylinders, has been sold since March 14. This includes more than 8,000 tonnes of auto LPG. The average auto LPG sale by PSU OMCs in April (till April 14, 2026) is around 282 TPD against the average of 177 TPD during February 2026.

Since March, about 4.5 lakh PNG connections have been gasified and another 5 lakh customers have registered for new connections. As on date, more than 34,200 PNG consumers have surrendered their LPG connections via MYPNGD.in website.

Published on April 15, 2026