Oil & Gas

Pakistan faces escalation of power crisis as LNG tenders scrapped

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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,…
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