Indian Oil Corporation Limited says its 10 refineries are operating round the clock at above 100 percent capacity to prevent any fuel shortage after the Centre raised petrol and diesel prices by Rs 3 per litre nationwide. IOCL Director (Refineries) Arvind Kumar told ANI the increase is “a very small rise” amid global pressures. Petrol rose to Rs 97.77 in Delhi and over Rs 108 in Kolkata, while IOCL is also pushing zero-emission hydrogen buses for Delhi Metro routes.
China’s Commerce Ministry has issued an injunction blocking U.S. sanctions against five Chinese oil refineries, including Hengli Petrochemical. The U.S. Treasury accused the firms of buying oil from Iran. China argues the measures violate international law and says the ruling prevents the U.S. from recognizing or implementing the sanctions.
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