Natural gas producer Great Eastern Energy Corporation Limited (GEECL) has claimed more than Rs 100 crore from Matix Fertilisers & Chemicals Limited, allegedly for not adhering to the terms of the Gas Sale and Purchase Agreement (GSPA). This may come as a blow to Matix which operates West Bengal’s only large integrated fertilizer plant at […]
Category: Oil & Gas
RIL shares jump 2% post Q2 earnings despite Monday blues. Should you buy?
Notwithstanding a lacklustre Nifty opening, Reliance Industries (RIL) shares jumped 1.2% to the day’s high of Rs 2,310 on the NSE on Monday after a Macquarie upgrade on the stock along with a hike in stock’s price target by it and several other brokerages. RIL shares were among the top Nifty gainers in the early […]
CNG price reduced by ₹3/kg in Mumbai, PNG cut by ₹2/scm | Check rates
Mahanagar Gas Ltd (MGL) announced a reduction in the prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Mumbai and adjoining municipalities on Monday. The price of CNG has been lowered by ₹3 per kilogram, while the price of PNG has been reduced by ₹2 per standard cubic meter (scm). MGL statement […]
Price of commercial cylinder slashed by Rs 91.5
New Delhi: Oil marketing companies have reduced the price of per unit commercial LPG cylinder by Rs 91.50 with immediate effect. With this latest revision in prices, a 19 kg commercial LPG cylinder will cost Rs 1,885, instead of Rs 1,976 in Delhi. On August 1 too, the prices of commercial LPG cylinders were reduced […]
LPG price hiked by Rs 50; rates up by Rs 244 in one year
New Delhi: Cooking gas LPG price on Wednesday was hiked by Rs 50 per cylinder, the eighth increase in rates in the last one year that took the cumulative rise to Rs 244. Non-subsidised LPG now costs Rs 1,053 per 14.2-kg cylinder in the national capital, up from Rs 1,003 previously, according to a price […]
Modi urges fuel VAT cut, most Opposition-ruled states say ‘no’
New Delhi: Prime Minister Narendra Modi urged all state governments to reduce the Value Added Tax (VAT) on fuel “in the spirit of cooperative federalism” during his video conference with state chief ministers on Wednesday, particularly targeting those run by the Opposition parties. Quoting fuel prices in cities across India, Modi noted that all those […]
India on Russia oil: We buy in a month what Europe does 1 day
New Delhi: After a “very candid and direct conversation” at the virtual meeting between Prime Minister Narendra Modi and US President Joe Biden on Monday and the in-person India-US 2+2 talks at the foreign and defence ministerial level in Washington which followed it, US secretary of state Antony J. Blinken said his country “is willing […]
Another hike in fuel prices; Petrol up by Rs 9.20 after 13 revisions in 15 days
New Delhi: With the thirteenth revision in the fuel prices in fifteen days, petrol and diesel rates have gone up by 80 paise each on Tuesday. With this, the total increase in fuel rates is now Rs 9.20 per litre. Petrol and diesel in Delhi now cost Rs 104.61 and Rs 95.87 per litre respectively. […]
Petrol, diesel prices hiked by 40 paise; total increase stands at Rs 8.40 per litre
New Delhi: Petrol and diesel prices were on Monday hiked by 40 paise a litre each, taking the total increase in rates in the last two weeks to Rs 8.40 per litre. Petrol in Delhi will now cost Rs 103.81 per litre as against Rs 103.41 previously, while diesel rates have gone up from Rs […]
Petrol, diesel prices see ninth increase in 10 days, Congress leaders stage protest
New Delhi: Petrol and diesel prices were on Thursday hiked by 80 paise a litre each, taking the total increase in rates in the last 10 days to Rs 6.40 per litre. Petrol in Delhi will now cost Rs 101.81 per litre as against Rs 101.01 previously while diesel rates have gone up from Rs […]
Petrol, diesel, LPG prices are hiked; Uproar in Parliament
New Delhi: The prices of petrol and diesel were increased on Tuesday by 80 paise per litre while that of domestic cooking gas LPG were hiked by Rs 50 per cylinder, fanning inflation fears. The rates, which differ from state to state depending on the local taxes, are likely to continue to rise over the […]
Government: Exploring ways to check rise in fuel price
New Delhi: Petroleum minister Hardeep Singh Puri told Parliament on Monday that the government was exploring all the possible ways and would take all the necessary measures in the coming months to ensure that consumers get relief from high fuel prices. He said a proposal to bring petroleum products under the Goods and Services Tax […]