Mumbai: The Maharashtra government is keen on reviving the ₹3.5 lakh crore oil refinery project at Nanar in the Konkan region, which the Uddhav Thackeray-led Shiv Sena had opposed. The Shinde-Fadnavis government does not want the project to go out of the state, and is looking to set it up at Nanar itself. The issue […]
Category: Oil & Gas
Petrol and diesel prices today: Check latest rates in Delhi, Mumbai on Oct 18
Petrol and diesel prices remained unchanged for the 150th straight day. The fuel prices were last changed on May 22 this year. The changes in fuel price took place after the Narendra Modi government cut excise duty on petrol and diesel. The move led to the petrol prices being slashed by ₹9.5 per litre and […]
Before Gujarat polls, state cuts VAT on CNG, PNG, gives 2 free cylinders: Report
The Gujarat government has reduced value added tax (VAT) on compressed natural gas (CNG) and piped natural gas (PNG) by 10 per cent, state education minister Jitu Vaghani said Monday, according to news agency ANI. CNG now costs ₹83.9 in Ahmedabad and ₹82.16 in Gandhinagar, according to mypetrolprice.com. Prices of petrol and diesel remain unchanged […]
Petrol and diesel prices today: Check rates in your city on October 17
Petrol and diesel prices remained unchanged for 149th consecutive day. According to fuel prices announced by the oil companies, Sriganganagar in Rajasthan sold the costliest petrol and diesel while the fuel prices at Andaman and Nicobar Islands capital Port Blair was the cheapest, Hindustan Times sister website Live Hindustan reported. In Sriganganagar, the price of […]
‘Working to support stability and balance in oil markets’: Saudi King Salman
Saudi King Salman said on Sunday the kingdom was working hard to support stability and balance in oil markets, including by establishing and maintaining the agreement of the OPEC alliance. King Salman bin Abdulaziz said in an address to the kingdom’s advisory Shura Council that his country was a mediator of peace and highlighted the […]
Centre increases windfall tax on crude oil output
The government on Saturday raised the tax on windfall profits on locally produced crude oil by 37.5% to ₹11,000 per tonne and hiked the levy on diesel exports by 140% to ₹12 per litre, while reimposing it on exports of jet fuel at ₹3.50 per litre, as global oil prices surged this fortnight after the […]
India’s daily fuel consumption growing faster than global average: Puri
India’s petroleum consumption is currently about 5 million barrels per day, which is growing at 3% — higher than the average global growth rate of around 1% — Union petroleum minister Hardeep Singh Puri was quoted as saying on Friday. Puri said that the government has managed global energy challenges “very well” by shielding the […]
IOC to sell Chotu from fair price shops in U.P.
Indian Oil Corporation and other oil companies are in talks with the state government for marketing of their Chotu 5 kg cylinders through fair price rations shops in the state. There are estimated 80,000 fair price shops in the state which exist in remote corners of the state and oil companies want to use this […]
Petrol and diesel prices today: Check latest rates in your city on October 15
Petrol and diesel rates remained unchanged on Saturday as well. According to the fuel prices released by oil companies, the fuel prices are the highest in Rajasthan’s Sriganganagar, Hindustan Times sister website Live Hindustan reported. In Sriganganagar, one litre of petrol costs ₹113.49 while diesel price stands at ₹98.24 per litre. In Maharashtra’s Parbhani, petrol […]
US says Saudi forced OPEC nations into oil cut amid escalating war of words
Saudi Arabia pushed other OPEC nations into an output cut last week, the White House claimed on Thursday, part of an escalating war of words between the two countries. “More than one” OPEC member disagreed with Saudi Arabia’s push to cut production and felt coerced into the vote, National Security Council spokesman John Kirby told […]
Three Bio-CNG plants to be operationalized next year, gas to be used as clean fuel
The Municipal Corporation of Delhi has initiated the work on setting up digesters for an integrated Bio-CNG fuel station spread over a three-acre site located in North Delhi’s Narela region in Ghogha, officials in the know said on Thursday. The facility is expected to produce compressed natural gas (Bio-CNG) by treating 200 tons of wet […]
Saudi Arabia defends OPEC+ oil cut, says decision ‘purely economic’
Saudi Arabia on Thursday rejected insinuations that the OPEC+ move to reduce oil supplies was influenced by the kingdom’s stance on the Russian invasion of Ukraine and said the decision was made unanimously by the 23-member group solely on the basis of economic considerations. The usually reticent foreign ministry of Saudi Arabia issued a detailed […]