Ethanol sale for compatible automobiles to boost demand
Centre's move to allow the direct sale of ethanol as a fuel for compatible automobiles is expected to boost demand, said India Ratings and Research (Ind-Ra).
Petroleum
The latest Petroleum news, analysis and data from India and across Asia, reported by Energy Asia.
Latest
Remove distortions before bringing petrol under GST: Moily
Former Union Oil Minister and senior Congress leader M Veerappa Moily said distortions in the GST Act will have to be removed before the government considers…
Not possible to bring petrol under GST for next 8-10 years
BJP leader Sushil Kumar Modi said it is not possible to bring petrol and diesel under the GST regime for the next eight to 10 years…
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…
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…
Rare earth elements market size to reach $3757.7M by 2026
The Rare Earth Elements Market is Segmented Type Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium, Neodymium, Praseodymium
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…
Indian Oil to monetise Hydrogen units to raise Rs 10,000 cr
Indian Oil Corporation (IOC) plans to hive off hydrogen producing units and sulphur recovery facilities at its refineries to a separate entity and then sell stakes…
Costly fuel drives demand for electric scooters
In a reflection of the impact of the frequent rise in the prices of petrol and diesel on maintaining vehicles, dealers in Maharashtra's Aurangabad are seeing…
Oil companies raise margins as fuel price surge
The oil price rise may be hitting the fuel consumers hard, but it is the oil companies that are making the most from the current situation,…
IOCL to invest Rs 32,496 crore to expand Panipat refinery
Indian Oil Corporation Limited (IOCL) said it will invest Rs 32,946 crore to expand its oil refinery at Panipat in Haryana to 25 million tonnes per…
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…
Mamata rides electric scooter to protest fuel price hike
In a unique protest against fuel price hike, West Bengal Chief Minister Mamata Banerjee on Thursday rode pillion on an electric scooter to state secretariat Nabanna.
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…
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.
Pradhan rules out any plans to cut taxes on petrol, diesel
Petroleum Minister Dharmendra Pradhan ruled out any cut in excise duty, for now, to give relief to consumers from the spiralling retail prices of petrol and…
Meghalaya government to reduce tax on petrol & diesel
The Meghalaya government has decided to reduce the tax on petrol and diesel in the state by Rs 2 per litre from Monday midnight, Chief Minister…
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…
Products to cost more due to hike in fuel prices
Rise in the prices of petrol and diesel will have a direct impact on the farmers, prices of agricultural products will shoot up, as transportation cost…
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…
Argus launches first Asian renewable diesel and SAF prices
Global energy and commodity price reporting agency Argus has launched the first renewable diesel and sustainable aviation fuel (SAF) prices for Asia.
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.