Petrol, diesel prices cut by 18 paise & 17 paise respectively
In the first reduction in rates in over a year, petrol price on Wednesday was cut by 18 paise per litre and diesel by 17 paise…
crude oil
The latest crude oil news, analysis and data from India and across Asia, reported by Energy Asia.
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Upcoming polls keep oil companies from hiking prices
Fuel prices in the country have remained steady for over a fortnight now as softening crude and upcoming elections in several states later this month has…
ONGC’s oil & gas production share jumps to 70%
ONGC which is often perceived as a drag on the crude oil and natural gas produced in the country, has actually seen its contribution to the…
LPG price, petroleum taxes rise since BJP came to power
Price of domestic cooking gas, LPG has doubled to Rs 819 per cylinder in the last seven years while the increase in taxes on petrol and…
Congress leaders detained during protest against fuel prices
Jammu and Kashmir Congress chief Ghulam Ahmad Mir was among the large number of party workers who were detained here on Thursday during a protest against…
Government gets tax rich from oil as consumers bear brunt
Government is all set to walk away with the highest level of excise duty collection from the petroleum sector this year, even as fuel consumers continue…
Priyanka Gandhi slams centre on fuel prices
Congress General Secretary Priyanka Gandhi Vadra on Thursday slammed the Prime Minister Narendra Modi-led government over the hike in prices of fuel and gas.
Oil prices hit 13-month highs on tighter supplies
Oil prices rose for a fourth straight session to the highest levels in more than 13 months, underpinned by monetary easing policies and lower crude production…
Petrol nears Rs 91 per litre mark in the national capital
Petrol price neared the Rs 91 per litre mark in the national capital and diesel crossed Rs 81 a litre, as fuel prices were hiked again…
Fuel prices rise again after two-day break
The petrol and diesel prices across the country continued their northward march after two days break taking its retail rates to unprecedented levels while burning bigger…
Modi blames previous govt for not cutting import dependence
On a day when petrol crossed the Rs 100 mark, Prime Minister Narendra Modi said the middle-class would not have been burdened if the previous governments…
Meghalaya government reduces petrol, diesel prices by Rs 7
Meghalaya Chief Minister Conrad Sangma has informed that the prices of petrol and diesel will be reduced by Rs 7 approximately in the state.
Oil prices climb as deep freeze shuts US oil wells
Oil prices rose as a cold front shut wells and refineries in Texas, the biggest crude producing state in the United States, the world's biggest oil…
Price of LPG gas cylinder hiked by Rs 50
The price of liquefied petroleum gas domestic cylinder in Delhi has been increased by Rs 50 per unit, now a 14.2 kilograms LPG cylinder in Delhi…
Rahul Gandhi slams Centre over LPG price hike
Congress leader Rahul Gandhi took a dig at the Central government over the liquefied petroleum gas (LPG) domestic cylinder price hike in Delhi.
Strategic Crude Oil Reserves in India
Indian Strategic Petroleum Reserve Limited (ISPRL) has established Strategic Petroleum Reserves (SPR) facilities with total capacity of 5.33 Million Metric Tonnes (MMT) at 3 locations, namely…
SAIL to set up gas to ethanol plant in Chandrapur
SAIL with the help of the Centre is planning to set up India's first gas to ethanol plant at its ferro alloy plant in Chandrapur in…
Reliance & BP to pay for shortfall in KG-D6 production
Reliance Industries and its partner BP Plc of UK have committed to pay in cash for any natural gas volumes they are unable to deliver to…
Deadline 20% ethanol blending with petrol to be advanced
Government has proposed to advance the deadline for blending 20% ethanol in petrol from the earlier announced 2030.
Clear roadmap of Aatma Nirbhar Urja is being developed
Minister of Petroleum & Natural Gas and Steel Dharmendra Pradhan said that on the energy front, we are developing a clear roadmap of Aatma Nirbhar Urja…
Congress demands rollback of hiking petroleum rates
Congress criticised the government for hiking oil prices in these difficult times and demanded its immediate rollback and passing of the benefits to the consumer.
Cairn’s temporary extended till January for Barmer block
Cairn Oil and Gas has been denied full extension of production sharing contract once again with the government allowing the company to operate the oilfield only…
Dharmendra Pradhan asks OPEC to correct price anomalies
India pressed for assessing the impact of COVID-induced disruptions to global energy sector supply chains and said oil cartel OPEC needs to address anomalies in the…
ADNOC to trade 50% oil in Indian strategic reserves
Union Cabinet has allowed Abu Dhabi National Oil Co (ADNOC) to trade half of the crude oil it has stored in Indian underground strategic reserves. Till…
Global oil demand may recover by 2022
Global demand for crude could recover to pre-coronavirus levels by 2022, Saudi Aramco said, as the International Energy Agency projected it could take at least a…