Petroleum
Indian Oil rolls out methanol-blended petrol on pilot basis
Oil & Gas
May 2, 2022
Indian Oil rolls out methanol-blended petrol on pilot basis
Indian Oil Corp (IOC) rolled out M15 petrol – 15% blend of methanol with petrol — on a pilot basis…
Excise collection on petroleum 79% more than pre-Covid
Oil & Gas
November 1, 2021
Excise collection on petroleum 79% more than pre-Covid
The government’s collection from levy of excise duty on petroleum products has risen 33% in the first six months of…
Diesel at record high, petrol nears all-time high after hike
Oil & Gas
September 30, 2021
Diesel at record high, petrol nears all-time high after hike
Petrol and diesel prices on Thursday neared record levels across the country after rates were hiked by 25 paise and…
Rajasthan CM urges Centre to reduce various fuel taxes
Oil & Gas
September 30, 2021
Rajasthan CM urges Centre to reduce various fuel taxes
Rajasthan Chief Minister Ashok Gehlot demanded the Centre reduce various types of taxes on fuel to give relief to common…
Petroleum products not to be included under GST: FM
Oil & Gas
September 18, 2021
Petroleum products not to be included under GST: FM
Petroleum products will not be included under the Goods and Services Tax (GST), said Union Finance Minister Nirmala Sitharaman.
Government’s excise collection jumps 48% in Apr-July
Oil & Gas
September 6, 2021
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…
Petrol demand continues to rise in August
Oil & Gas
September 2, 2021
Petrol demand continues to rise in August
India's fuel demand recovery remained patchy in August as petrol consumption continued to rise but diesel sales fell, preliminary data…
Fuel prices cut by 15 paise/litre after a week’s break
Oil & Gas
September 1, 2021
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…
Govt sensitive to fuel price rise, relief in coming month: Puri
Oil & Gas
August 25, 2021
Govt sensitive to fuel price rise, relief in coming month: Puri
Union Petroleum Minister Hardeep Singh Puri said that the Central government is sensitive to fuel price rise while also hinting…
Government starts justifying high central tax on petrol, diesel
Oil & Gas
July 26, 2021
Government starts justifying high central tax on petrol, diesel
The government has justified high level of taxation on auto fuels suggesting that revenue from petroleum sector is important for…
Petrol rate in Delhi reaches new high at Rs 101.19/litre
Oil & Gas
July 12, 2021
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.
Hardeep Singh Puri given charge of Petroleum Ministry
Oil & Gas
July 8, 2021
Hardeep Singh Puri given charge of Petroleum Ministry
Hardeep Singh Puri will now take charge of the Ministry of Petroleum and Natural Gas. He has relinquished the portfolio…
India procures 1 M barrels of crude oil from Guyana
Oil & Gas
July 6, 2021
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…
Petrol price spikes to Rs 104.90 in Mumbai
Oil & Gas
June 29, 2021
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…
Petrol crosses Rs 100 in Tamil Nadu after hike in rates
Oil & Gas
June 27, 2021
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…
Fuel price hike due to Centre’s excise duty: Yechury
Oil & Gas
June 24, 2021
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…
Petrol in Hyderabad also crosses Rs 100/litre mark
Oil & Gas
June 15, 2021
Petrol in Hyderabad also crosses Rs 100/litre mark
Hyderabad on Monday became the second metro city in the country to see petrol price crossing Rs 100 per litre…
Petrol, diesel price in Pakistan likely to increase from June 1
Oil & Gas
May 31, 2021
Petrol, diesel price in Pakistan likely to increase from June 1
Amid high levels of inflation in Pakistan, the country's Oil and Gas Regulatory Authority (OGRA) has sent a summary to…
Petrol hits record Rs 99.71/L in Mumbai after 13th price hike
Oil & Gas
May 25, 2021
Petrol hits record Rs 99.71/L in Mumbai after 13th price hike
Petrol price inched towards the Rs 100-mark in Mumbai on Tuesday after fuel rates were hiked again. Petrol price was…
OMCs to explore fuel price revision post elections
Oil & Gas
April 13, 2021
OMCs to explore fuel price revision post elections
Fuel prices in the country remained unchanged on Tuesday with oil marketing companies continuing on the pause mode and keeping…
India’s fuel consumption contracts 9.1% in FY21
Oil & Gas
April 10, 2021
India’s fuel consumption contracts 9.1% in FY21
India's fuel demand contracted by a massive 9.1% in the financial year ended March 31, the first in more than…
12 retail outlets of Indian Oil on jail land in Punjab
Oil & Gas
April 9, 2021
12 retail outlets of Indian Oil on jail land in Punjab
Chief Minister Amarinder Singh accorded approval to a proposal by the Punjab Prisons Development Board (PPDB) to set up 12…
Indian Oil buys its first Johan Sverdrup crude cargoes
Oil & Gas
April 6, 2021
Indian Oil buys its first Johan Sverdrup crude cargoes
Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a…
Jet fuel price cut by 3% amid softer global crude rates
Oil & Gas
April 1, 2021
Jet fuel price cut by 3% amid softer global crude rates
In the first reduction in rate in two months, jet fuel or ATF price was cut by 3% in line…
Petrol prices down 19-22 paise across four metros
Oil & Gas
March 30, 2021
Petrol prices down 19-22 paise across four metros
Oil marketing companies reduced fuel prices on Tuesday after a four-day halt. Prices of the transportation fuel declined in the…