Category: Oil & Gas

The Opposition on Monday demanded a rollback in the hike in prices of fuel and cooking gas and sought a statement from Prime Minister Narendra Modi on the floor of the House over the issue. The Opposition members also dismissed the contention of the government that the rise in prices was due to the Russia-Ukraine […]

Petrol price on Monday was hiked by 30 paise a litre and diesel by 35 paise, taking the total increase in rates in the last one week to Rs 4-4.10 per litre. Petrol in Delhi will now cost Rs 99.41 per litre as against Rs 99.11 previously while diesel rates have gone up from Rs […]

Petrol price on Sunday was hiked by 50 paise a litre and diesel by 55 paise, taking the total increase in rates since resumption of daily price revision less than a week back to Rs 3.70-3.75 per litre. Petrol in Delhi will now cost Rs 99.11 per litre as against Rs 98.61 previously while diesel […]

The Congress on Saturday announced a three-phased campaign, “Mehngai-mukt Bharat Abhiyaan”, against price rise under which it will organise rallies and marches across the country from March 31 to April 7. Congress general secretary and chief spokesperson Randeep Surjewala told a press conference here that in the first phase of the campaign, Congress workers and […]

Oil spill barriers have been set up around the berth at Kolkata port where a container vessel from Bangladesh had capsized on Thursday, minutes after loading of cargo was completed. Port officials said on Friday that the barriers and other devices to soak oil from the water have been installed to prevent oil from spreading […]

Petrol and diesel prices were hiked by 80 paise a litre each on Saturday, the fourth increase in five days as oil firms passed on to consumers the spike in cost of raw material. Petrol in Delhi will now cost Rs 98.61 per litre as against Rs 97.81 previously while diesel rates have gone up […]

The US will help the EU secure an additional 15 billion cubic metres of liquefied natural gas by year’s end, President Biden and the European Commission president, Ursula von der Leyen, announced in Brussels on Friday, an important step in the bloc’s race to wean itself off Russian fuel imports. The EU is heavily reliant […]

Gazprom has asked India’s largest gas transmitter GAIL (India) to pay for gas imports in Euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the US currency. GAIL has a long-term gas import deal with Gazprom Marketing and Trading Singapore to annually buy 2.5 […]

Oil minister Hardeep Puri told the Lok Sabha on Thursday that India is looking to increase its dependence on the domestic production of oil and gas. The government plans to bring 30 per cent of the sedimentary area under oil exploration. The country has 26 sedimentary basins covering around 3.3 million square kilometres. “Today, the […]

The global oil market is heading for a major disruption. Dozens of nations, including the US and much of Europe, say they are united in seeking to “radically” reduce imports of Russian oil and gas after its invasion of Ukraine, while ensuring those efforts don’t fuel climate change. At a two-day meeting of the International […]

The Congress on Tuesday said the Narendra Modi government punishes people for voting the BJP to power with three things: arrogance, autocratic attitude and price rise. Expressing outrage over the decision to increase the price of cooking gas cylinder by Rs 50, in addition to the hike in prices of petrol and diesel, the Congress […]

Oil prices jumped 5 per cent to over $121 a barrel on Wednesday as a weather-related disruption to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries over tight global supplies. Brent crude futures were up $5.95, or 5.1 per cent, at $121.43 a barrel as of 12:01 pm […]