Government’s excise collection jumps 48% in Apr-July
The government's collections from levy of excise duty on petroleum products have jumped 48% in the first four months of the current fiscal year, with the…
crude oil
The latest crude oil news, analysis and data from India and across Asia, reported by Energy Asia.
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Fuel prices cut by 15 paise/litre after a week’s break
Fuel consumers have finally been given some relief from high prices of petroleum products with oil marketing companies reducing the pump price of petrol and diesel…
Crude oil futures dip on weak demand
Crude oil prices on Tuesday fell by Rs 61 to Rs 5,010 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil…
Petrol, diesel prices cut as global oil rates soften
the pump price of petrol and diesel was cut 15 paise per litre to Rs 101.49 a litre and Rs 88.92 a litre respectively in Delhi.
DGH overhauls approval processes for oil, gas fields
A self-certified declaration of a commercial oil or gas discovery is all that is now needed by a company to get statutory recognition for a hydrocarbon…
Total 105 exploration blocks awarded under OALP
The Minister for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in the Rajya Sabha informed that total 105 Exploration blocks…
Government making all efforts to reduce crude oil imports
Minister of Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in Rajya Sabha informed that the Government is making all efforts…
India seeks reasonable price from oil producers
India has asked crude oil producers, including OPEC, to price oil at reasonable rates and to provide better commercial terms like enhanced credit period
6.5 MMT storage to be added under phase-2 of SPR
Under Phase II of the petroleum reserve programme, Government has given approval in July 2021 for establishing two additional commercial-cum-strategic facilities with total storage capacity of…
India’s gas production jumps 19.5% in June
India's natural gas production jumped 19.5% in June, as Reliance Industries Ltd and its partner BP Plc ramped up output from their eastern offshore KG-D6 block
Indian Oil to build green hydrogen plant at Mathura refinery
India's largest oil firm IOC will build the nation's first 'green hydrogen' plant at its Mathura refinery, as it aims to prepare for a future catering…
Govt collections on petrol, diesel jumps to Rs 3.35 lakh cr
The union government's tax collections on petrol and diesel jumped by 88% to Rs 3.35 lakh crore in the year to March 31, after excise duty…
OPEC, allies reach agreement after row over production
The energy minister of the United Arab Emirates said Sunday that OPEC and allied countries have reached a full agreement after an earlier dispute that roiled…
Puri conveys concerns over high oil prices to Saudi, UAE
Hardeep Singh Puri has conveyed to OPEC countries its concern over high oil prices that are threatening to impact the nascent economic recovery after the devastating…
Petrol rate in Delhi reaches new high at Rs 101.19/litre
Petrol prices in the national capital rose to Rs 101.19 per litre on Sunday, touching another record high figure.
CTI urges government to bring petrol, diesel under GST
The Chamber of Trade and Industry (CTI) on Thursday asked the government to bring petrol and diesel under the ambit of GST to bring down the…
Petrol price hits century in Delhi amidst constant upsurge
Petrol prices continued its upward march again, a day after a brief pause, taking its price to cross century mark in Delhi and Kolkata, the only…
India procures 1 M barrels of crude oil from Guyana
India has procured the first shipment of one million barrels of 'Liza light sweet' crude oil from Guyana, in a significant move marking diversification of its…
GAIL eyes at petrochemicals, renewable energy for growth
GAIL India Ltd is eyeing expansion in petrochemicals, specialty chemicals and renewables as it pivots a new strategy to expand the business beyond natural gas
Petrol price spikes to Rs 104.90 in Mumbai
Petrol and diesel prices on Tuesday touched a record high in Mumbai as it is retailing at Rs 104.90 per litre in the city and diesel…
Petrol crosses Rs 100 in Bihar after another price hike
Petrol price soared past Rs 100-a-litre mark in Bihar after fuel prices were hiked again on Sunday on the back of a surge in international oil…
Petrol crosses Rs 100 in Tamil Nadu after hike in rates
Petrol price soared past Rs 100-a-litre mark in Tamil Nadu after fuel prices were hiked again by 35 paise per litre each on Saturday.
OMC’s spare diesel users from a big spike
Fuel prices increased again across the country, adding more misery for the common man already grappling with rising food prices amid shrinking income.
Fuel price hike due to Centre’s excise duty: Yechury
Communist Party of India (Marxist) General Secretary Sitaram Yechury hit out at Petroleum Minister Dharmendra Pradhan for his comment on the hike in the fuel prices…
Petrol crosses Rs 97 in Delhi after another price hike
Petrol price in the national capital crossed Rs 97 a litre and diesel neared Rs 88 after fuel prices were raised yet again.