New Delhi: Government think tank Niti Aayog is working on a proposal to replace LPG subsidy with cooking subsidy in order to extend the benefits to people using piped natural gas and biofuels for cooking purposes, a top official said on Sunday.
New Delhi: Cooking gas (LPG) subsidy has jumped by over 60 per cent in last two months as the government maintains price line despite rising international rates, Indian Oil Corp (IOC) Chairman Sanjiv Singh said.
New Delhi: India’s fuel demand jumped 8.6 per cent in June as falling rates led to rise in consumption. Fuel consumption in June totalled 17.99 million tonne (MT) as compared to 16.56 MT in the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
New Delhi: India’s oil imports from Iran declined by 15.9 percent in June, the first month after the United States said it would reimpose sanctions on the country, according to data from shipping and industry sources.
The president of OPEC defended the oil producer group on Monday against US President Donald Trump’s recent demands for higher oil output, saying OPEC does not shoulder the blame.
New Delhi: The spur in fuel prices could strain India’s commercial vehicle operators and lead to a rise in auto-loan defaults, warned Fitch Ratings on Friday.
New Delhi: With international crude oil prices rising and rupee weakening, state-owned oil firms (OMCs) on Thursday hiked fuel prices for the first time in more than a month.
Hyderabad: With the Indian government recently asking its refiners to drastically cut down on its Iranian oil imports before the November deadline, a leading Iranian newspaper on Monday questioned India’s decision to bow down to the US diktats while referring the South Asian country as a pygmy.
India’s oil ministry has asked refiners to prepare for a ‘drastic reduction or zero’ imports of Iranian oil from November, two industry sources said, the first sign that New Delhi is responding to a push by the US to cut trade ties with Iran.
New Delhi: The government on Wednesday decided to set up two more underground crude oil storages in Odisha and Karnataka to raise emergency stockpile cover to 22 days.