NEW DELHI: Petroleum and oil marketing companies reduced the price of commercial LPG cylinders by Rs 91.50 per unit with immediate effect from Saturday, sources said. A 19 kg of commercial LPG cylinder will now cost Rs 2,028 in the national capital. However, no changes have been made in the prices of the domestic LPG […]
Category: Oil & Gas
HPCL, BPCL ink hydrogen exchange deal for Mumbai units
NEW DELHI: Hindustan Petroleum and Bharat Petroleum have signed an MoU for facilitating hydrogen exchange between their refineries in Mumbai with a view to ensuring uninterrupted supply of the key ingredient and reducing hydrogen flaring. Hydrogen is required for producing Bharat VI grade of diesel and petrol by hydro treating and hydro processing, respectively, of […]
IOC, Rosneft talk Re payment, renew term deal to boost oil trade
NEW DELHI: IndianOil and Rosneft have discussed the possibility of rupee payment for Russian oil, even as they renewed a term deal with the objective of “substantially” raising supplies to India and diversifying the grades of crude. The signing of the term agreement is yet another assertion of New Delhi’s pursuit of an unwaveringly independent […]
ONGC chopper crash: 9 months no report, against 30-day norm
MUMBAI: It has been almost nine months since the June 28, 2022 Sikorsky helicopter crash in the Arabian Sea that killed four ONGC staff, and yet its probable cause remains unknown. This is against international aviation practice: Unlike accident investigation bodies of most countries which come out with preliminary reports within 30 days of aviation […]
Six nabbed for illegal LPG refilling in Telangana
HYDERABAD: Six people were arrested on Tuesday by Balanagar SOT sleuths along with Jagadgirigutta Police for refilling gas cylinders illegally. Police seized 267 gas cylinders, five transport vehicles, six cell phones from their possession. The accused are: Gunnam Shiva (34), a gas supplier from Jagadgirigutta, his associates, N Naresh (27), B Suresh (35), G Mahesh […]
IOC’s board clears Rs 61,000 crore petchem plant
NEW DELHI: IndianOil’s board has cleared the way for building a petrochemical complex at Paradip in Odisha at an estimated Rs 61,077 crore, marking the largestever investment by the staterun company at a single location. The move flows from the postpandemic thinking among refiners who are focusing on raising the share of highvalue intermediaries in […]
Cylinder blast during Delhi riots: Plea against FIR order nixed
NEW DELHI: A Delhi court dismissed a revision plea filed by Delhi Police challenging the order for registration of FIR concerning a cylinder blast at Madina Masjid and an acid attack on the complainant. The offence took place during 2020 Delhi riots. The case pertains to the area under Karawal Nagar police station. This complaint […]
Rs 200 LPG subsidy for Ujjwala consumers extended
NEW DELHI: The government on Friday extended by a year the Rs 200 subsidy on 12 domestic LPG refills supplied to poor households in a year under the ‘Ujjwala’ scheme, one of the Narendra Modi government’s flagship social welfare schemes. The decision to extend the relief was taken by the Cabinet’s panel on economic affairs […]
4% DA increase for central government staff; Ujjwala rebate extended
NEW DELHI: The Cabinet on Friday approved a 4% hike in Dearness Allowance (DA) and Dearness Relief (DR) for nearly 1.2 crore serving central government employees and pensioners. It also approved extending the Rs 200 subsidy per cylinder under the Ujjwala scheme for one more year, which will bring relief to nearly 9.6 crore beneficiaries. […]
IOC’s board clears Rs 61,000 crore petchem plant
NEW DELHI: IndianOil’s board has cleared the way for building a petrochemical complex at Paradip in Odisha at an estimated Rs 61,077 crore, marking the largestever investment by the staterun company at a single location. The move flows from the postpandemic thinking among refiners who are focusing on raising the share of highvalue intermediaries in […]
India set to surpass China in need for oil as growth paths diverge
NEW DELHI: A change is on the horizon for oil demand, with India set to eclipse China as the most important driver of global growth — and potentially the last, as the world shifts to a greener future. A swelling population, which has likely already surpassed that of China, will help to underpin that growth […]
IGL, BHEL to make special cylinders for hydrogen use
NEW DELHI: Indraprastha Gas Ltd, Delhi’s city gas suppliers, and state-run BHEL (Bharat Heavy Electricals Ltd) on Wednesday signed an MoU to develop, manufacture and deploy specialised cylinders to be used for hydrogen blending of CNG and operating fuel cell-based power backup systems. IGL V-P Sanjeev Kumar Bhatia and BHEL GM marketing S. Prabhakar Signed […]