Oil & Gas
Pakistan faces escalation of power crisis as LNG tenders scrapped
June 27, 2022
Pakistan faces escalation of power crisis as LNG tenders scrapped
Pakistan is again facing an escalation of power crisis after it failed to agree on a deal for natural gas…
GEECL to start shale gas prospecting
June 24, 2022
GEECL to start shale gas prospecting
Great Eastern Energy Corporation Ltd on Thursday said it has signed an amendment to a petroleum mining lease that will…
India’s Russian oil imports jump 50 times; now accounts for 10% of all import
June 24, 2022
India’s Russian oil imports jump 50 times; now accounts for 10% of all import
India’s crude oil imports from Russia have jumped over 50 times since April and now make up for 10% of…
OVL makes oil discovery in Colombia
June 24, 2022
OVL makes oil discovery in Colombia
ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has made an oil discovery…
ONGC seeks minimum $17 price for Bokaro coal gas
June 21, 2022
ONGC seeks minimum $17 price for Bokaro coal gas
Oil and Natural Gas Corporation (ONGC) is seeking a minimum $17 price for the gas it plans to produce from…
Iraq seeks to raise oil production to 8 mn bpd by 2027
June 20, 2022
Iraq seeks to raise oil production to 8 mn bpd by 2027
Iraq seeks to raise its crude oil production to 8 million barrels per day (bpd) by the end of 2027…
Selling diesel at ₹20-25/l loss, petrol at ₹14-18/l loss: Private retailers
June 20, 2022
Selling diesel at ₹20-25/l loss, petrol at ₹14-18/l loss: Private retailers
Selling diesel at ₹20-25 a litre below cost and petrol at ₹14-18 per litre below cost, as a result of…
ATF price hiked by 16%; nearly doubles in six months
June 17, 2022
ATF price hiked by 16%; nearly doubles in six months
Jet fuel prices on Thursday were hiked by the steepest ever 16% to catapult rates to an all-time high in…
Jharkhand govt slashes VAT on jet fuel to 4% from a 20% high
June 16, 2022
Jharkhand govt slashes VAT on jet fuel to 4% from a 20% high
In a bid to strengthen air connectivity in the state and boost tourism, the Jharkhand government on Wednesday announced it…
Petrol & diesel sales jump in June
June 15, 2022
Petrol & diesel sales jump in June
India’s petrol consumption jumped by 54% and that of diesel soared by 48% in the first fortnight of June from…
SL gets new Indian Credit line to help buy fuel for another 4 months: PM Wickremesighe
June 15, 2022
SL gets new Indian Credit line to help buy fuel for another 4 months: PM Wickremesighe
Prime Minister Ranil Wickremesighe on Tuesday said that a new Credit Line provided by India will support the cash-strapped island…
Sri Lanka PM says he’s open to Russian oil
June 13, 2022
Sri Lanka PM says he’s open to Russian oil
Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid…
Long queues at petrol pumps in Pakistan after oil companies stop supply
June 8, 2022
Long queues at petrol pumps in Pakistan after oil companies stop supply
Long queues have lined up outside petrol pumps in twin cities — Islamabad and Rawalpindi — after oil marketing companies…
India turns 10% of its petrol green; targets a fifth by 2025
June 6, 2022
India turns 10% of its petrol green; targets a fifth by 2025
India has achieved the target of supplying 10% ethanol-blended petrol five months ahead of schedule and is aiming to double…
AG&P Pratham plans to set up 11 CNG stations in Ramanathapuram
June 3, 2022
AG&P Pratham plans to set up 11 CNG stations in Ramanathapuram
AG&P Pratham, the city-gas distribution arm of Singapore-based (Atlantic Gulf and Pacific) AG&P Group has drawn up plans to set…
Commercial LPG cylinder price cut by ₹135 from June 1
June 1, 2022
Commercial LPG cylinder price cut by ₹135 from June 1
The price for a commercial LPG cylinder has been reduced by ₹135 with immediate effect from today. With the latest…
Pakistan’s oil imports facing foreign exchange constraints
June 1, 2022
Pakistan’s oil imports facing foreign exchange constraints
Cash-strapped Pakistan may face a supply disruption in its oil sector as the key industry is facing challenges in arranging…
IOC plans to transport fuel to Tripura via Bangladesh
May 30, 2022
IOC plans to transport fuel to Tripura via Bangladesh
PSU major Indian Oil Corporation (IOC) on Sunday said it is looking to transport fuel to Tripura through Bangladesh as…
SL hikes fuel prices; petrol at all-time high of Rs 420, diesel Rs 400
May 24, 2022
SL hikes fuel prices; petrol at all-time high of Rs 420, diesel Rs 400
Crisis-hit Sri Lanka on Tuesday raised the petrol price by 24.3% and diesel by 38.4%, a record hike in fuel…
ONGC becomes 1st gas producer to trade on IGX
May 24, 2022
ONGC becomes 1st gas producer to trade on IGX
Oil and Natural Gas Corporation (ONGC) on Monday said it has become the first gas producer to trade domestic gas…
Imran Khan again praises India for reducing fuel prices
May 23, 2022
Imran Khan again praises India for reducing fuel prices
Pakistan’s ousted prime minister Imran Khan has once again praised India for reducing fuel prices with the help of discounted…
SIAM seeks reduction in CNG prices
May 23, 2022
SIAM seeks reduction in CNG prices
Auto industry body SIAM on Sunday sought a reduction in CNG prices while welcoming the government’s decision to lower the…
Natural gas supply reaches Bathinda refinery
May 23, 2022
Natural gas supply reaches Bathinda refinery
GAIL (India) Ltd has laid a dedicated pipeline to supply natural gas to HPCL Mittal Energy Ltd’s (HMEL) Bathinda refinery…
LPG price hiked by ₹3.5, crosses ₹1,000 mark
May 19, 2022
LPG price hiked by ₹3.5, crosses ₹1,000 mark
Cooking gas LPG price was on Thursday hiked by ₹3.50 per cylinder, the second increase in rate this month following…
Fuel prices cannot be controlled till India increases oil production
May 19, 2022
Fuel prices cannot be controlled till India increases oil production
Union Minister Rameswar Teli said that prices of petrol and diesel cannot be controlled till India increases production of oil,…