Category: Oil & Gas

The Union government may bring domestic natural gas, a key input in fertiliser production, under the ambit of windfall profit tax , making its treatment of the commodity consistent with the way it deals with indigenously produced crude oil and exports of fuel, as it explores various options to meet rising fuel, food and fertiliser […]

Polish operator PERN has detected a leak in one pipeline in the Druzhba system that carries oil from Russia to Europe, it said on Wednesday, an event that will add to concerns about Europe’s energy security after the Nord Stream gas leak. The discovery of the leak, which PERN said it found on Tuesday evening, […]

The Cabinet on Wednesday approved a one-time grant of ₹22,000 crore to state-run oil marketing companies that lost money selling cooking gas below cost, a move aimed at helping the three firms – they incurred a combined net loss of ₹18,500 crore in the first quarter of 2022-23 – improving the health of their profit […]

Delhi chief minister Arvind Kejriwal on Tuesday flagged off 50 low-floor CNG-powered cluster buses and said they will improve connectivity to the rural belts of the national capital. He also flagged off 30 Innova cars and 36 motorbikes for the enforcement wing of the transport department. “These vehicles will be involved in enforcing lane discipline. […]

The Commission for Air Quality Management (CAQM) in NCR and its Adjoining Areas assessed the preparedness of industrial areas in the national capital region (NCR) and checked how many completed their transition to piped natural gas (PNG) and other approved fuels in a meeting held Friday. In the meeting, which was attended by 11 city […]

While acknowledging that the decision of Organisation of Petroleum Exporting Countries (OPEC)+ countries, that includes Russia, to cut production by two million barrels a day, is a matter of sovereign right, India has indicated that the decision has caught many by surprise and it will have an impact on global prices, inflationary cycle and recessionary […]

Union petroleum and natural gas minister Hardeep Sing Puri said India has not been told by anyone to stop buying oil from Russia. The Indian government has a moral duty to provide energy to its citizens and it will continue to buy oil from wherever it has to as this kind of a discussion can […]

The Indraprastha Gas Ltd (IGL), which retails CNG and piped cooking gas, informed that it has revised the retail prices of its gas in Delhi-NCR and other places – days after the government raised the prices of input natural gas to a record. The price of Domestic Piped Natural Gas (PNG) in Delhi has been […]

The petrol and diesel prices remained unchanged for the 139th straight day in several cities of India. According to the latest prices announced by the oil companies, fuel was the costliest in Rajasthan’s Sriganganagar while petrol and diesel were cheapest in Andaman and Nicobar Island capital Port Blair. On Friday, crude oil rate stood at […]

On Thursday, oil marketing companies (OMCs) kept fuel rates unchanged, which means that petrol and diesel prices have been steady for more than four months now. Therefore, in Delhi, petrol and diesel continue to retail at ₹96.72 and ₹89.62 per litre respectively. Similarly, in Mumbai, the two fuel components are still available at ₹106.31 and […]

Gail India Limited has invited applications from candidates to apply for various disciplines. Candidates who want to apply for the posts through the official site of Gail India Limited at gailonline.com. The last date to apply for the posts is till October 15, 2022. This recruitment drive will fill up 77 posts in the organisation. […]

The central government has extended the October 1 deadline to levy an additional ₹2 per litre tax on unblended auto fuels by one month for petrol and by six months for diesel amid global crude oil price volatility and high inflation, providing relief to consumers in remote areas with inadequate supplies of ethanol or biodiesel. […]