Current Affairs by JobSafalCurrent Affairsby JobSafal
हिंदी

Current Affairs 27 June 2026

In short

  • India invokes emergency powers to boost LPG output amid Middle East supply disruption
  • Indian refiners increase purchases of Russian crude amid Middle East oil crunch

…and 4 more stories on SPORTS, ECONOMY, SOCIAL.

Top stories

ECONOMY

India invokes emergency powers to boost LPG output amid Middle East supply disruption

The Government of India has invoked emergency powers directing domestic refiners to maximise liquefied petroleum gas (LPG) production to avert a potential shortage of cooking fuel.[2] This decision comes after disruptions to LPG supplies from the Middle East linked to the ongoing regional conflict, which has affected shipping and availability.[2] Concurrently, Indian companies have raised LPG prices for the first time in nearly a year in response to surging global prices driven by the U.S.-Israel war on Iran and resulting supply constraints.[2] The order is aimed at ensuring adequate domestic availability of LPG, which is a critical household fuel, especially for beneficiaries under schemes like Pradhan Mantri Ujjwala Yojana.[2] Refiners have been asked to prioritise LPG over other petroleum products in their output mix to stabilise domestic supply conditions.[2] The developments highlight India’s vulnerability to external energy shocks, given its high dependence on imported LPG.[2] The move also underscores the government’s willingness to use special powers in the energy sector during crises to protect household consumption.[2] These steps are expected to have implications for inflation, subsidy burdens, and energy security debates in the coming months.[2]

Try the question

India recently invoked emergency powers in the energy sector primarily to address concerns about which fuel?

ECONOMY

Indian refiners increase purchases of Russian crude amid Middle East oil crunch

Indian refiners are buying millions of barrels of prompt Russian crude cargoes to manage an oil supply crunch caused by the Middle East conflict.[2] Six sources familiar with the matter told Reuters that these purchases aim to offset reduced availability and higher prices of other grades affected by the regional crisis.[2] Russian flagship Urals crude has, for the first time, been selling at a premium to Brent when delivered to Indian ports, driven by rising demand under these conditions.[2] The shift illustrates India’s continued reliance on discounted or alternative crude supplies from Russia since the Ukraine conflict and Western sanctions.[2] It also shows how geopolitical developments in one region can reshape crude price relationships and trade flows in another.[2] These trends may influence India’s import bill, refining economics, and diplomatic balancing between Western partners and Russia.[2] The development is of interest for exams due to its link with global energy markets, sanctions regimes, and India’s crude sourcing strategies.[2]

Try the question

In recent reports, which crude grade has been selling at a premium to Brent at delivery in Indian ports?

🔒

4 more stories are waiting in the app

Every story with a summary, analysis and MCQs — in English and Hindi, every morning by 6:00 AM IST.

Today’s locked stories by topic

  • ECONOMY ×2
  • SPORTS ×1
  • SOCIAL ×1
Unlock all 6 storiesSee plans

Read all 6 stories and 12 MCQs

Summaries, analysis and questions for every story, every morning — in English and Hindi.

Open in the appRead on the web

Current Affairs by JobSafal