A crisp 2,000 rupee note would have filled one’s vehicle with about 22 litres of petrol just 15 days ago, now it will get the fuel tank just a little above 19. The fule price has both Delhiites and cabbies singing, ‘mehengayi daayan khaaye jaat jai’, and the two camps find themselves at loggerheads. Social […]
Category: Oil & Gas
Here’s how LPG cylinder customers can book a refill from distributor of their choice
The central government has announced the launch of a new facility through which LPG customers will be able to choose their distributors for a refill. The facility will be launched on a pilot basis soon in Chandigarh, Coimbatore, Gurgaon, Pune and Ranchi. “Consumers will be able to choose their “Delivering Distributor” from the list of […]
India’s ₹50,000 crore plan to cut dependence on foreign oil
India is set to spend almost $7 billion( ₹50,000 crore) to boost ethanol production as it prepares to roll out a greener mix of gasoline that may cut its dependence on foreign oil. About 10 billion liters of ethanol will be required each year to meet the 20% ethanol-blended fuel standard by 2025, India’s Oil […]
Global oil demand to reach pre-virus levels next year, IEA says
Global oil demand will recover to pre-pandemic levels late next year, the International Energy Agency predicted, urging OPEC and its allies to keep markets balanced by tapping their plentiful spare production capacity. World consumption will once again surpass 100 million barrels a day in the second half of 2022 as developed economies bring the virus […]
Diesel crosses ₹100-mark in Rajasthan as fuel prices continue upward climb. Check latest rates
Fuel prices were hiked for the second day in a row on Saturday, taking a heavy toll on many across the country. While petrol got costlier by 27 paise per litre in the national capital, diesel rates went up by 23 paise per litre, according to price notification by the oil retailers. After the latest […]
Oil holds near $71 as traders assess rising demand, Iran talks
Oil traded near $71 a barrel as the roll-out of coronavirus vaccines underpins an improved demand outlook in the U.S. and Europe. West Texas Intermediate was little changed in early Asian trading after adding 1.9% last week to hit the highest level since October 2018. Americans are becoming increasingly comfortable meeting friends, going to workplaces, […]
Petrol, diesel prices today touch new highs. Check latest rates in Delhi, Mumbai, other cities
Petrol and diesel prices were hiked again on Monday by up to 29 to 31 paise, according to price notification by the oil retailers, taking fuel prices to fresh record high levels. After the latest increase, a litre of petrol in Delhi is retailing at ₹96.4, whereas diesel costs ₹87.28. In Mumbai, petrol is being […]
Diesel crosses ₹100 per litre price mark after petrol
NEW DELHI: In a first, diesel prices have followed petrol prices in breaching the ₹100 mark. Diesel was retailing at ₹100.05 a litre in Ganganagar in Rajasthan, after the state-run oil marketing companies (OMCs) raised the transportation fuel prices on Saturday. In comparison, petrol was selling at ₹107.22 per litre at Ganganagar. With state run […]
State-run oil firms setting up PSA oxygen plants across India, says oil minister
NEW DELHI : New Delhi: As part of India’ strategy to be ready for any possibility of a third wave of coronavirus pandemic, Pressure Swing Adsorption (PSA) medical oxygen generation plants are being set up across the country, steel and petroleum and natural gas minister Dharmendra Pradhan said on Sunday. State-owned oil and gas companies […]
BPCL’s Bina refinery sets up 200- bed covid hospital; to set up oxygen bottling and refilling plant
Mumbai: State-run Bharat Petroleum Corporation Ltd’s wholly-owned subsidiary, Bharat Oman Refineries Limited (BORL) has set up a 200-bed covid care hospital in Bina, Madhya Pradesh, the company said today. The company will also set up an oxygen bottling and refilling plant adjacent to the refinery. The plant will have the capacity to bottle about 25 […]
Petrol goes past ₹102 in Mumbai as fuel prices hiked again. Check latest rates in your city
Fuel rates are continuing to soar at a record high across the country after another rate revision on Friday. While petrol got costlier by 31 paise per litre in the national capital, diesel rates went up by 28 paise per litre, according to price notification by the oil retailers. After the increase, a litre of […]
Top stock picks: Brokerages recommend buy on GAIL, Petronet LNG
Benchmark Indian equity indices were up 0.65% at close on Thursday. The Sensex closed at 52,300.47, up 358.83 points, or 0.69% while the Nifty was at 15,737.75, up 102.40 points, or 0.65%. All sectors except auto closed in red. Among broader indices, BSE midcap and smallcap indices closed 1.26% and 1.73% higher on Thrusday. For […]