Category: Oil & Gas

NEW DELHI: Jet fuel or ATF price on Friday was hiked by 3.7 per cent, the third increase in rates in one month on firming international oil prices. Aviation turbine fuel (ATF) price was raised by Rs 1,817.62 per kilolitre, or 3.69 per cent, to Rs 50,978.78 per kl in the national capital, according to […]

The Haryana Police on Thursday lathicharged farmers and fired tear gas shells after a group broke barricades at Shahjahanpur in Rajasthan in their attempt to march towards the national capital. Hundreds of farmers, mainly from Rajasthan and Haryana, have been agitating at the Shahjahanpur border in Alwar district against three contentious farm bills that they […]

MUMBAI: All petrol, diesel and CNG pumps in Mumbai metropolitan region have extended support to the January 4 strike call by private CNG pump owners to protest against Mahanagar Gas Limited ‘forcing’ them to sign 15-year lease agreements. Said M Venkatrao of Petrol Dealers’ Association (PDA), “We had an urgent meeting of all pump owners […]

CHENNAI: Reliance Industries Ltd (RIL) and UK’s BP Plc on Wednesday invited companies to bid for gas produced from the KG D6 basin. They expect to sell the gas from February. “The gas produced for KG D6 will be available for sale at the delivery point at Gadimoga near Kakinada, Andhra Pradesh tentatively from 01 […]

MUMBAI: Private CNG pump owners in Mumbai, Thane and Navi Mumbai have declared a strike in the New Year—from January 4—if Mahanagar Gas Limited (MGL) attempts to ‘force’ them into signing lease agreement for 15 years. The pump owners said that they had support from the Petrol Dealers Association and threatened a major showdown. MGL […]

NEW DELHI: Promoters of Vedanta Ltd have pledged their holding in the company to raise $1.4 billion, mostly for repaying the debt that was coming up for maturity. In a stock exchange filing, Vedanta said its promoters raised $1 billion debt by issuing equivalent notes to Citicorp International Ltd. Separately, a unit of Vedanta Resources […]

MUMBAI: The death toll in the cylinder blast-fire incident that occurred in Lalbaug area earlier this month rose to nine after a 50-year-old man succumbed to his injuries on Friday. According to officials, Bipin, who was injured in the incident that took place on December 6 in Sarabai building in Ganesh Galli locality, died at […]

NEW DELHI: London-based Vedanta Resources Ltd (VRL) has raised its stake in its India listed unit, Vedanta to 55.11 per cent by buying from open market shares worth Rs 2,959 crore. VRL bought 18.5 crore shares at a price of Rs 159.94 per share, the company said in a statement on its website. It made […]

NEW DELHI: Delhi will become the first city in the country to seriously try out hydrogen — touted as the fuel of the future — as a serious public mobility solution, with Indian Oil procuring 15 buses kitted with polymer electrolyte membrane fuel cells for plying in the city. “IndianOil has been pioneering hydrogen efforts […]

Mumbai: The promoters of mining major Vedanta have mandated US broking house JP Morgan to buy up to 18.5 crore shares, or almost 5% of the company, from the stock market at a price band of Rs 150-160, aggregating up to Rs 2,960 crore. The offer comes within three months of a failed attempt by […]

LEH: Amid raging border tension with China, state-run IndianOilCorporation has been on an expansion spree in Ladakh since September to bring kitchen and motor fuels at the doorstep of people living in border areas and other distant locations that get cut off from district headquarters during peak winter. The company has added nine outlets, taking […]

MUMBAI: After hefty electricity bills, it’s excessive bills for cooking gas (piped natural gas) consumption in lockdown months. Mahanagar Gas Limited issued a statement on Monday that this was due to ‘average bills’ being given to consumers during lockdown months and the actual (high) bill being computed in December. Residents though are up in arms. […]