Oil & Gas

Excise collection on petroleum 79% more than pre-Covid

Excise collection on petroleum 79% more than pre-Covid

The government’s collection from levy of excise duty on petroleum products has risen 33% in the first six months of…
Govt proposes sale of small LPG cylinders via ration shops

Govt proposes sale of small LPG cylinders via ration shops

The Centre on Wednesday said it plans to allow the retail sale of small LPG cylinders as well as offer…
LPG price may be hiked next week

LPG price may be hiked next week

Cooking gas LPG prices may be hiked next week after under-recovery on the fuel widened to over ₹100 per cylinder,…
Gadkari bats for green hydrogen & need to reduce oil import

Gadkari bats for green hydrogen & need to reduce oil import

Batting for green hydrogen as a transport fuel, Union Minister Nitin Gadkari on Monday said there is a need to…
CNG, PNG rates now may see surge

CNG, PNG rates now may see surge

After fuel price surge, prices of gas used for cooking and transportation are expected to soar this year putting consumers…
Energy cost should not outstrip the paying capacity

Energy cost should not outstrip the paying capacity

Minister of Petroleum & Natural Gas Hardeep Singh Puri said that unless the prices of crude oil are maintained at…
NRL inks pipeline ‘Right to Use’ agreement with IGGL

NRL inks pipeline ‘Right to Use’ agreement with IGGL

A pipeline ‘Right to Use (RoU)’ sharing agreement was inked between Numaligarh Refinery Limited (NRL) and Indradhanush Gas Grid Limited…
Modi invites global CEOs to explore oil, gas in India

Modi invites global CEOs to explore oil, gas in India

Prime Minister Narendra Modi on Wednesday rolled out the red carpet for global oil and gas giants and invited them…
Duty relief on fuel expected to brighten festive mood

Duty relief on fuel expected to brighten festive mood

Consumers could expect relief from the surging price of auto fuels this festive season as the government may opt for…
Lanka IOC urges SL Government to hike fuel prices

Lanka IOC urges SL Government to hike fuel prices

Lanka IOC (LIOC), the subsidiary of Indian Oil Corporation in Sri Lanka on Monday urged the government to approve a…
Petrol, diesel price hiked again by 35 paise

Petrol, diesel price hiked again by 35 paise

Petrol and diesel price on Sunday was hiked again by 35 paise a litre and the auto fuels now cost…
India has right to 30% stake in Iranian gas field

India has right to 30% stake in Iranian gas field

An Indian consortium led by ONGC Videsh Ltd contractually has a right to take a 30% interest in the Farzad-B…
Ship-to-Ship operation of LPG undertaken at SPM Port

Ship-to-Ship operation of LPG undertaken at SPM Port

The restricted draft in the river channel necessitates offloading of part cargo at neighbouring ports before calling at Haldia Dock…
Petrol, diesel prices rally to highest ever levels

Petrol, diesel prices rally to highest ever levels

Petrol and diesel prices on Friday rallied to their highest ever levels across the country, as fuel rates were hiked…
Petrol, diesel prices hiked again for a new high

Petrol, diesel prices hiked again for a new high

After two days of lull, petrol and diesel price on Thursday was again hiked by 35 paise per litre, sending…
Only 3 bidders for 21 oil, gas blocks

Only 3 bidders for 21 oil, gas blocks

India’s latest bid round for 21 oil and gas blocks attracted just three bidders, two of whom were state-owned explorers…
Gadkari emphasizes on adoption of alternative fuels

Gadkari emphasizes on adoption of alternative fuels

Nitin Gadkari has emphasized on adoption of alternative fuels which will be import substitute, cost-effective, pollution-free, and indigenous and discouraged…
Indian Oil defers maintenance shutdown at Haldia

Indian Oil defers maintenance shutdown at Haldia

Indian Oil Corp has deferred a maintenance shutdown at the 1,60,000 barrel-per-day (bpd) Haldia refinery by at least 15 days…
Oil drives Indian rupee lowest since July 2020

Oil drives Indian rupee lowest since July 2020

Indian bond yields hit their highest levels in nearly 18 months while the rupee fell to its lowest level since…
Diesel hits ₹100 mark in Kerala, Karnataka

Diesel hits ₹100 mark in Kerala, Karnataka

Diesel price on Monday breached the ₹100-a-litre mark in Kerala and Karnataka as fuel prices were hiked again to align…
New petrol pumps to set up EV charging, CNG outlets

New petrol pumps to set up EV charging, CNG outlets

India's new liberalised petrol pump licensing norms allow setting up of EV charging stations and CNG outlets even before the…
Petrol, diesel prices rise again on fresh surge in crude prices

Petrol, diesel prices rise again on fresh surge in crude prices

Prices of auto fuels petrol and diesel rose on Friday too as global oil surged again, with benchmark Brent crude…
Diesel crosses ₹100 mark in Mumbai as fuel prices go up

Diesel crosses ₹100 mark in Mumbai as fuel prices go up

Mumbai on Saturday became the first metro city in the country to see diesel prices cross the ₹100 per litre…
Ethanol blending with petrol seen at 8.3% in 2020-21

Ethanol blending with petrol seen at 8.3% in 2020-21

Ethanol blending with petrol has been achieved in all the states and UTs, and is likely to touch around 8.3%…
Crude oil dips on weak spot demand

Crude oil dips on weak spot demand

Crude oil prices on Thursday fell ₹154 to ₹5,662 per barrel after participants cut their positions. On the Multi Commodity…
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