The petrol price in India’s financial capital Mumbai touched Rs 84.99 a litre on Wednesday. Petrol prices in Mumbai, Delhi and Chennai have already reached unprecedented levels, and are now setting a new benchmark every other day. In Chennai, price of the fuel breached the Rs 80 a litre mark on Wednesday and was priced […]
Day: May 23, 2018
Government should review taxes on petrol, diesel: HPCL chairman
There is a need to review taxation on petrol and diesel to provide relief to consumers after rates touched an all-time high, HPCL Chairman and Managing Director Mukesh Kumar Surana said today. One trigger after another has led to the 10th consecutive day of increase in retail selling price of petrol and diesel, but there […]
HPCL, Mangalore Refinery merger in FY’19: CMD Mukesh Kumar Surana
HPCL is keen to takeover Mangalore Refinery and Petrochemicals Ltd (MRPL) before the end of 2018-19 financial year as there are a lot of synergies arising from the merger, Chairman and Managing Director Mukesh Kumar Surana said today. Oil and Natural Gas Corp (ONGC), India’s biggest oil and gas producer, earlier this year completed the […]
NMDC, NLC to ink MoU with Aussie firm ECT for R&D project
NMDC and NLC India Limited may sign an MoU with Australia-based Environmental Clean Technologies Limited for setting up an R&D facility involving an investment of AUD 35 million (USD 26.29 million) in Tamil Nadu, on May 30 in Canberra. According to a regulatory filing by the Aussie company, the R&D facility will focus on development […]
Messy energy equations across the world cast cloud on solar alliance
There is a list of 300-odd projects on the table from 35 countries for the officers of the International Solar Alliance (ISA) to wade through on a warm May afternoon. “It should take us about three hours at least,” says Upendra Tripathy, the interim Director General of the energy organisation with its headquarters at Gurugram, […]
ATF price hike may lead to increase in air fares: Experts
The nearly 30 per cent increase in aviation turbine fuel (ATF) over the last one year could compel domestic airlines to go for a upward fare revision to offset the increased cost of operations, according to experts. Since the jet fuel accounts for 45 per cent of an airline’s cost of operation, the carriers could […]