Oil & Gas
Excise collection on petroleum 79% more than pre-Covid
November 1, 2021
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
October 28, 2021
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
October 28, 2021
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
October 26, 2021
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
October 24, 2021
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
October 22, 2021
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
October 22, 2021
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
October 21, 2021
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
October 20, 2021
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
October 19, 2021
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
October 18, 2021
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
October 18, 2021
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
October 17, 2021
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
October 16, 2021
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
October 14, 2021
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
October 13, 2021
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
October 12, 2021
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
October 12, 2021
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
October 11, 2021
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
October 11, 2021
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
October 10, 2021
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
October 9, 2021
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
October 9, 2021
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
October 9, 2021
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
October 7, 2021
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…