India’s fuel demand rises 3.8% in Feb

India’s fuel demand rose 3.8 per cent in February as free cooking gas connections spurred LPG consumption while petrol and diesel use continued to rise. Fuel consumption in February totalled 17.41 million tonnes as compared to 16.77 million tonnes in the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of […]

Brookfield-led InVIT to buy RIL’s East-West gas pipeline for Rs 13,000 cr

Canadian investor Brookfield-led India Infrastructure Trust (InVIT) has agreed to buy billionaire Mukesh Ambani’s loss-making East-West gas pipeline for Rs 13,000 crore. The InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltd’s eastern offshore KG-D6 gas to customers, according to […]

Petrol prices up 9-10 paise

Petrol prices rose in the range of 9 to 10 paise in the four metropolitan cities of the country on Sunday, while diesel prices remained unchanged. In the national Capital, petrol was priced at Rs72.40 a litre, 9 paise higher than Saturday’s level. In Kolkata and Mumbai, the price of the fuel rose by 9 […]

Essar Oil & Gas gets environment clearance to begin shale gas exploration

Essar Oil & Gas Exploration and Production (EOGEPL) has received environment clearance for exploring shale gas reserves in its Raniganj block in West Bengal, an official said. This follows the Government’s decision to allow operators freedom to explore both conventional oil and natural gas as well as non-conventional sources like coal-bed methane (CBM) and shale […]

IWAI, Indian Oil ink pact on fuel needs of national waterways

To address issues regarding fuel requirement of National Waterways, Inland Waterways Authority of India (IWAI) and Indian Oil Corporation Ltd (IOCL) have inked a pact, the government said Tuesday. The Memorandum of Understanding (MoU) will provide for an understanding over general modalities of mutual cooperation leading to addressing futuristic demand of any form of energy […]