Oil & Gas
Kejriwal flags off 50 low-floor CNG buses to improve connectivity
October 11, 2022
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
August 1, 2022
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
July 19, 2022
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
July 15, 2022
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
July 14, 2022
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
July 13, 2022
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
July 13, 2022
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
July 8, 2022
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
July 6, 2022
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
July 6, 2022
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
July 4, 2022
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
July 4, 2022
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
June 30, 2022
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
June 29, 2022
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
June 29, 2022
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
June 27, 2022
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
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…