The government on Wednesday issued new guidelines for international arrivals amid the spread of mutant variants of coronavirus in many countries. The new Standard Operating Procedures (SOPs) will come into effect from 23.59 hours on February 22 till further orders. In the context of spread of mutant variant of SARS-CoV-2 in many countries, the civil […]
Day: February 18, 2021
Petrol over Rs 100 in Raj, Rs 99.90 in MP as rates up for 9th straight day
For the first time ever, the price of petrol crossed the Rs 100 per litre mark in Rajasthan on Wednesday after fuel rates were hiked for the ninth day in a row. Petrol and diesel prices were increased by 25 paise per litre each, according to a price notification of state-owned fuel retailers. While branded […]
After Rajasthan, petrol crosses Rs 100-mark in Madhya Pradesh
After Rajasthan, petrol price on Thursday crossed the Rs 100 per litre mark in Madhya Pradesh after fuel rates were increased for the tenth day in a row. Petrol price was hiked by 34 paise per litre and diesel by 32 paise, according to a price notification of state-owned fuel retailers. While branded or additive-laced […]
Govt committed to bring natural gas under GST regime, says PM Modi
The government is working towards raising the share of natural gas in the energy basket to 15 per cent from the current 6.3 per cent and is committed to bringing it under the Goods and Services Tax (GST) regime to eliminate cascading effect of multiple taxes, Prime Minister Narendra Modi said on Wednesday. “We are […]
India to spend Rs 7.5 trillion on oil and gas infra in next 5 yrs: PM Modi
The Government of India is planning to spend around Rs 7.5 trillion to build oil and gas infrastructure over the next five years, said Prime Minister Narendra Modi. After dedicating the Ramanathapuram–Thoothukudi natural gas pipeline and Gasoline desulfurisation unit at Chennai Petroleum Corporation Ltd and laying the foundation stone for the Rs 31,500 crore Cauvery […]
Petrol price hike: India urges oil producers to raise output to cut prices
Stressing the need for “adopting a balanced approach” to allow demand recovery, Union oil and gas minister Dharmendra Pradhan appealed oil producing countries to increase their output which will bring down global crude prices. The price of Indian basket of crude is currently at $62.9/barrel, up from $50/barrel in mid-December, supported by global demand recovery […]
Normal petrol’s price crosses Rs 100 a litre at Sriganganagar
After premium petrol, the price of normal petrol has also crossed Rs 100 per litre in Rajasthan’s Sriganganagar district. The Rajasthan Petroleum Dealers’ Association (RPDA) has decided to hold a ‘Sadbuddhi Yagya’ as a protest against the state government for the highest value-added tax (VAT) on fuel price. Petrol and diesel prices in Sriganganagar on […]
Sri Lanka to re-acquire 99 oil tanks leased to Indian Oil Corp: Minister
Sri Lanka will re-acquire 99 World War II-era oil storage tanks leased to Indian Oil Corporation in the eastern port district of Trincomalee, Energy Minister Udaya Gammanpila announced on Wednesday. It is the second deal with India to be scrapped by Sri Lanka this year. Last month, the Sri Lankan government scrapped the trilateral deal […]
Petrol crosses Rs 100-mark in Rajasthan, Rs 99.90 in MP as rates up for 9th straight day
For the first time ever, the price of petrol crossed the Rs 100 per litre mark in Rajasthan on Wednesday after fuel rates were hiked for the ninth day in a row. Petrol and diesel prices were increased by 25 paise per litre each, according to a price notification of state-owned fuel retailers. While branded […]
Idea Exchange: States need to be rated on fiscal matrix, says NK Singh, chairman, 15th Finance Commission
Given that contingent liabilities arising out the large outstanding debt and rising losses of electricity distribution entities (discoms) remained an intractable problem and an unmitigated risk to states’ finances despite a series of financial bailout packages, ‘genuine reforms’ in the power sector could not wait any longer, 15th Finance Commission chairman NK Singh said on […]
Petrol at Rs 100: India asks OPEC to ease production cuts
India, the world’s third-biggest oil consumer, on Wednesday urged Saudi Arabia and other global oil producers to ease production cuts, saying rising international oil prices are hurting economic recovery and demand. Demand recovery should take “primacy” over oil prices at least for the next few months, Oil Minister Dharmendra Pradhan said. International oil prices have […]
Petrol at Rs 100: PM Modi blames previous govts for not cutting import dependence
On a day when petrol crossed the Rs 100 mark, Prime Minister Narendra Modi on Wednesday said the middle-class would not have been burdened if the previous governments had focussed on reducing India’s energy import dependence. Without referring to the relentless increase in retail fuel prices, which are linked to international rates, he said India […]