Oil & Gas

Petrol now costs ₹99.41, diesel at ₹90.77 in Delhi

Petrol now costs ₹99.41, diesel at ₹90.77 in Delhi

Petrol price on Monday was hiked by 30 paise a litre and diesel by 35 paise, taking the total increase…
Petroleum Minister defends govt over fuel price hike

Petroleum Minister defends govt over fuel price hike

Petroleum Minister Hardeep Singh Puri on Thursday defended the government over the hike in fuel prices in the country, saying…
Petrol, diesel price hiked by 80 paise; LPG at record high after ₹50 rise

Petrol, diesel price hiked by 80 paise; LPG at record high after ₹50 rise

Petrol and diesel prices were on Tuesday hiked by 80 paise a litre each while domestic cooking gas LPG rates…
India’s import of Russian oil less than 1% of total: Puri

India’s import of Russian oil less than 1% of total: Puri

India buying more volumes of crude oil from Russia is still less than 1% of the total oil imports, while…
Diesel price for bulk users hiked ₹25/ltr

Diesel price for bulk users hiked ₹25/ltr

The price of diesel sold to bulk users has been hiked by about ₹25 per litre in line with a…
Flying to cost more, as jet fuel prices jump 18% on crude surge

Flying to cost more, as jet fuel prices jump 18% on crude surge

Air fares are set to rise sharply as jet fuel prices jumped 18% on Wednesday, marking the sharpest-ever increase, as…
Oil importers India, Thailand to be hit hardest by Ukraine crisis

Oil importers India, Thailand to be hit hardest by Ukraine crisis

Large oil importers like India and Thailand will be the most affected among Asia-Pacific countries by the ongoing Russia-Ukraine war,…
India taking up Russian discounted oil offer will not be US sanctions violation

India taking up Russian discounted oil offer will not be US sanctions violation

India taking up Russia’s offer of discounted crude oil would not be a violation of American sanctions, the White House…
Govt to make calibrated interventions to keep fuel prices under control

Govt to make calibrated interventions to keep fuel prices under control

The government on Tuesday said it is keeping a close watch on evolving geopolitical developments and would make ‘calibrated interventions’…
Retail fuel prices needs to be increased by 15% to reflect Int’l crude prices

Retail fuel prices needs to be increased by 15% to reflect Int’l crude prices

Retail fuel prices have not been marked to market for a few months and should be increased by approximately 15%…
India hopes for oil from Iran, Venezuela

India hopes for oil from Iran, Venezuela

India, the world’s third-largest energy-consuming and importing nation, is pinning hope on resumption of crude oil supplies from Venezuela and…
Iran ready to supply required oil for world market

Iran ready to supply required oil for world market

Mohsen Khojasteh Mehr, head of the National Iranian Oil Company (NIOC), has said that his country is ready to supply…
Bidding for DSF-III oil fields round to start on Apr 1: DGH

Bidding for DSF-III oil fields round to start on Apr 1: DGH

Bidding for 75 small and marginal oil and gas discoveries, mostly of ONGC, that are being offered in the DSF-III…
Centre monitoring fuel prices amid Russia-Ukraine war

Centre monitoring fuel prices amid Russia-Ukraine war

Union Minister Dr Bhagwat Karad said the Central government is monitoring the fuel prices in light of the Russia-Ukraine war…
Lanka IOC hikes retail prices of petrol & diesel yet again

Lanka IOC hikes retail prices of petrol & diesel yet again

Lanka Indian Oil Company (LIOC), the Sri Lanka IOC subsidiary of India’s oil major Indian Oil Corporation has hiked the…
Reliance sells CBM gas for over $23

Reliance sells CBM gas for over $23

Reliance Industries has sold natural gas produced from a coalfield in Madhya Pradesh for over $23 to firms, including GAIL,…
Putin says western sanctions will disrupt food, energy markets

Putin says western sanctions will disrupt food, energy markets

Russian President Vladimir Putin warned that Western penalties against Moscow for its military incursion in Ukraine would destabilise the global…
Haryana MSMEs to get 50% reimbursement of VAT on natural gas

Haryana MSMEs to get 50% reimbursement of VAT on natural gas

In order to provide some relief to industries in NCR where norms require them to shift to cleaner fuels, the…
Crude oil shoots higher on US Russian oil ban

Crude oil shoots higher on US Russian oil ban

Crude oil prices jumped while Asian stocks regained their footing on Wednesday as investors assessed the impact of a worsening…
FM expresses concern on rising oil prices

FM expresses concern on rising oil prices

Finance Minister Nirmala Sitharaman hinted that the current spike in international oil prices may upset provisions of her Union Budget…
Indian Oil to build more crude oil tanks at Adani’s Mundra port

Indian Oil to build more crude oil tanks at Adani’s Mundra port

Indian Oil Corporation (IOC), the nation’s largest oil firm, will build nine more storage tanks to stock an additional 10…
MEIL to commission 15 oil & gas rigs for ONGC by May

MEIL to commission 15 oil & gas rigs for ONGC by May

Megha Engineering and Infrastructures Limited (MEIL), which has secured an order from ONGC Limited to supply 47 oil and gas…
MEIL expedites rig delivery to ONGC

MEIL expedites rig delivery to ONGC

Megha Engineering and Infrastructures Limited (MEIL) has expedited the delivery of rigs and the handing over of a 2,000-HP land…
Petrol, diesel price increase on hold mode; CNG rates hiked

Petrol, diesel price increase on hold mode; CNG rates hiked

CNG price in the national capital and adjoining cities on Tuesday was hiked by ₹0.50/kg, while an imminent increase in…
Mega rise in petrol, diesel prices coming soon

Mega rise in petrol, diesel prices coming soon

Petrol and diesel prices are likely to be hiked this week as oil companies prepare to pare losses accumulated from…
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