Hindustan Petroleum Corporation Ltd (HPCL) has bagged the city gas distribution licences for four districts of Bengal, bringing the entire state under the coverage of the clean fuel which can be used by households and the transport industry. The price bids for Malda, Murshidabad, Birbhum and South Dinajpur were opened on Thursday by the Petroleum […]
Category: Oil & Gas
Maruti hikes prices
Maruti Suzuki India has increased the prices of its entire range by 0.9 per cent to 1.9 per cent with immediate effect to partially offset input costs. The weighted average price rise, with effect from April 18 in New Delhi (ex showroom) across models is 1.3 per cent, it added. CareEdge in a research note […]
Rising fuel, CNG prices: Auto, taxi, mini bus drivers in Delhi to go on strike on Monday
Commuters in Delhi may face problems as various unions of auto, taxi and mini bus drivers have decided to go on strike on Monday. The unions have been demanding hike in fare rates and slashing of CNG prices. While most unions said they will be on one-day strike, the Sarvodaya Driver Association Delhi, which has […]
Freeze on CNG allocation
The oil ministry has stopped making fresh allocation of natural gas from domestic fields to the city gas sector, threatening the viability of Rs 2 lakh crore investment planned in the sector besides leading to a hike in CNG and piped cooking gas prices to record levels, sources said. Despite a decision of the Union […]
Banks stop offering credit for oil imports to Nayara Energy
HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a Russian-backed refiner, and some suppliers are seeking payment upfront to avoid potential problems resulting from western sanctions against Moscow, four banking and industry sources said. Nayara has not been sanctioned as part of the international response to […]
India sends 76,000 tonnes of fuel to crisis-hit Sri Lanka in 24 hours
India has delivered two fuel consignments to Sri Lanka in the last 24 hours, India’s high commission on the crisis-hit island nation said on Wednesday. India supplied 36,000 tonnes of petrol and 40,000 tonnes of diesel, the high commission said, taking total Indian fuel supplies to Sri Lanka to 270,000 tonnes. The country of 20 […]
Russian oil pay plan soon
India on Thursday said it is working on a payment mechanism to settle trade with Russia even as Washington tries to yank New Delhi out of Moscow’s reach with support to diversify energy imports. The Centre is focused on stabilising its economic ties with Russia and is working to devise a payment mechanism to settle […]
Fuel price hike hits public transport in Kolkata
Unable to meet the expenses required to make their vehicles ‘road-worthy’ amid rise in fuel prices, several app cab owners have kept their vehicles off roads, while many others have switched trade altogether. Across Kolkata and Howrah, bus and minibus owners of several routes have decided to stay away from operating regularly because their returns […]
Diesel price hits a ton, buses bear brunt
Almost half of the private bus owners in north Bengal have stopped running their vehicles in the region and to Assam and Bihar because of galloping diesel prices. The price of diesel — increasing rapidly in the last few days — touched Rs 100 per litre at a number of locations of Bengal on Tuesday, […]
IOC, L&T, ReNew team up
State-owned refiner IOC, engineering and construction giant Larsen & Toubro and renewable energy company ReNew Power on Monday came together to form a joint venture to develop a green hydrogen business. IOC and L&T have additionally signed a pact to form a joint venture with equity participation to manufacture and sell electrolysers used in the […]
Restaurants in Kolkata bear brunt of fuel price hike
The prices of essential commodities have shot up so much that even a boom in footfall is not enough to tide over the crisis, said owners of eateries across the city. From cooking oil to vegetables, everything has become costlier. From a Park Street restaurant in the city’s central business district to a take-away joint […]
Petrol, diesel prices hiked by 80 paise
Petrol and diesel prices were on Tuesday hiked by 80 paise a litre each, taking the total increase in rates in the last two weeks to Rs 9.20 per litre. Petrol in Delhi will now cost Rs 104.61 per litre as against Rs 103.81 previously, while diesel rates have gone up from Rs 95.07 per […]