Oil & Gas

Kejriwal flags off 50 low-floor CNG buses to improve connectivity

Kejriwal flags off 50 low-floor CNG buses to improve connectivity

Delhi Chief Minister Arvind Kejriwal flagged off 50 low-floor CNG-powered cluster buses and said they will improve connectivity to the…
Initiatives taken by government to reduce crude oil import

Initiatives taken by government to reduce crude oil import

Minister of State for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in the Rajya…
Nepal Oil Corporation gets NRs. 7 billion loan from govt to pay IOC

Nepal Oil Corporation gets NRs. 7 billion loan from govt to pay IOC

The Nepali government on Monday decided to provide a loan of NRs 7 billion to the country’s state-run oil company…
Petrol price to go down: Pakistan FM

Petrol price to go down: Pakistan FM

Pakistan Finance Minister Miftah Ismail has said that petrol prices will be slashed today (on Thursday), local media reported. Talking…
Excise duty cut, delayed monsoon raised India’s fuel demand in June

Excise duty cut, delayed monsoon raised India’s fuel demand in June

The reduction in excise duty on petrol and diesel by the Central government coupled with the delayed arrival of the…
Ethanol blending in fuel crucial for energy security: Minister

Ethanol blending in fuel crucial for energy security: Minister

Union Minister Rameswar Teli has said augmenting ethanol blending in fuel was critical for the energy security of the country…
CNG, PNG prices hiked in Mumbai

CNG, PNG prices hiked in Mumbai

State-run utility Mahanagar Gas on Tuesday announced yet another increase in the retail price of compressed natural gas (CNG) and…
Gas prices can’t be looked at in isolation: Puri on LPG price hike

Gas prices can’t be looked at in isolation: Puri on LPG price hike

A day after cooking gas LPG prices were hiked by ₹50 per cylinder, Oil Minister Hardeep Singh Puri on Thursday…
Proposal for fuel consumption standards for all vehicles from April next year

Proposal for fuel consumption standards for all vehicles from April next year

With an aim to reduce pollution and introduce more fuel-efficient vehicles, the government has proposed to make it mandatory for…
LPG price hiked by ₹50/cylinder, to cost ₹1,053 per 14.2kg cylinder

LPG price hiked by ₹50/cylinder, to cost ₹1,053 per 14.2kg cylinder

The price of domestic liquid petroleum gas cylinders on Wednesday was hiked by ₹50 per cylinder, the third increase in…
Sri Lanka to get two fuel consignments in July: Lanka IOC

Sri Lanka to get two fuel consignments in July: Lanka IOC

Sri Lanka will receive two fuel consignments this month and another in August, the Chairman of Lanka IOC, the subsidiary…
Windfall tax to recoup most of ₹1 lakh cr revenue lost in excise cuts

Windfall tax to recoup most of ₹1 lakh cr revenue lost in excise cuts

The windfall tax on oil produced within India and fuel exported overseas will make up for more than three-fourths of…
Govt gives ONGC, Vedanta freedom to sell crude oil

Govt gives ONGC, Vedanta freedom to sell crude oil

The government on Wednesday allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery…
Indian Oil delivering cooking gas via boats in flood-hit Assam

Indian Oil delivering cooking gas via boats in flood-hit Assam

Indian Oil is using boats to deliver cooking gas cylinders to households in flood-ravaged southern Assam, especially in Silchar, the…
Mukesh Ambani hands over telecom business to son Akash

Mukesh Ambani hands over telecom business to son Akash

In the first clear signs of a succession plan being charted out at India’s most valuable company, billionaire Mukesh Ambani…
Pakistan’s fuel oil imports hit 4-yr high as it struggles to buy LNG

Pakistan’s fuel oil imports hit 4-yr high as it struggles to buy LNG

Pakistan’s monthly fuel oil imports are set to hit a four-year high in June, Refinitiv data showed, as the country…
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…
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