Oil prices were mixed on Wednesday as concerns over rocky demand in Europe counterbalanced hopes of a recovery in U.S. refinery activity as industry data showed U.S. crude stockpiles unexpectedly fell last week. “Demand fears based on the stalled European vaccine roll out is containing an otherwise positive environment,” said Michael McCarthy, chief market strategist […]
Day: March 17, 2021
In Delhi, 100 EV charging bays to be set up at 70 Metro stations and 30 other areas with high traffic; details
As part of Delhi’s push to make a transition away from petrol and diesel vehicles, as many as 100 electric vehicles (EV) charging bays are going to be set up across 70 metro stations as well as 30 other areas which get high traffic. Also, building bye-laws will be amended, making it mandatory for commercial […]
Meghalaya on brink of power crisis
Meghalaya is on the brink of another power crisis, the third in a month, as utility NEEPCO sent a notice to the state government, stating that it would regulate supply from March 20 if Rs 504.41 crore dues are not cleared, an official said on Wednesday. The Union Power Ministry has also expressed concern over […]
Alliance Air deboards four for not following Covid-appropriate behaviour
Air India’s regional arm Alliance Air has become one of the first airlines in India to put passengers on the No Fly List for not wearing masks on board. The development comes after aviation regulator DGCA issued a direction on Sunday saying that passengers who do not wear masks properly even after repeated warnings could […]
UP cabinet gives nod to acquire 1,365 hectare land for Noida airport
The Uttar Pradesh cabinet has approved a proposal for acquisition of another 1,365 hectare land in Jewar for the second phase of the upcoming Noida International Airport, according to an official statement. The cabinet also approved an expenditure of Rs 2,890 crore for the land acquisition, besides resettlement and rehabilitation of the people who will […]
Highway construction reaches scorching pace; Hits record 34 km/day
Despite the pandemic and the elusive private investor, highway construction has reached a scorching pace in the current fiscal. While the pace of construction was a mere 12 km per day in 2014-15, it was nearly 34 km per day, the sharpest rate seen in any year, in the April-February period of the current fiscal […]
Petrol and diesel price today 17 March 2021: Rates remain unchanged; Check prices in Delhi, other cities here
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel remained unchanged for the eighteenth consecutive day across major cities of the country. Nation Capital Delhi was quoting a petrol price of Rs 91.17 per litre while Diesel in the city was priced at Rs 81.47 per litre. Fuel […]
Diesel sales rise as economic activity picks up
Indian state fuel retailers’ diesel sales rose 7.4% to 2.84 million tonnes in the first fortnight of March from a year earlier, preliminary industry data showed on Tuesday. Petrol sales rose 5.3% to 1.05 million tonnes in the same period from a year earlier, the data showed. This is the first annual rise in gasoil […]
BPCL invests Rs 264 crore in supply enhancement to take up its market share
In a bid to increase its retail presence in Eastern India, Bharat Petroleum Corporation (BPCL), will add 400 more retail outlets in FY22 above its existing 2,738 retail outlets in the eastern region envisioning an increase in market share in Motor Spirit and High-Speed Diesel from present 27% to 30%. The total 3,138 retail outlets […]
FM Sitharaman says no proposal to bring petrol, diesel, ATF, gas under GST
Amid record-high fuel prices, Finance Minister Nirmala Sitharaman on Monday said there is no proposal as of now to bring crude oil, petrol, diesel, jet fuel (ATF) and natural gas under the Goods and Services Tax (GST). When the GST was introduced on July 1, 2017, amalgamating over a dozen central and state levies, five […]
JSW Energy, Adani Power, Ayana and Evergreen Renewables winners in 1.2 GW wind power bids
JSW Energy, Adani Power, Ayana Renewable and Evergreen Renewables have emerged winners in SECI’s pure wind energy auction for 1.2 gigawatt (GW) capacity in Karnataka. The auction discovered tariffs significantly below the reserve price, showing investor appetite; however, analysts warn that many of the successful bidders could find the tariff quoted unsustainable unless their borrowing […]
Adani wins 300 MW wind energy capacity at Rs 2.77/unit
Auctions for 1,200 MW conducted by SECI on Monday saw wind power tariffs dropping to as low as Rs 2.77 per unit, sources said. According to the sources, Solar Energy Corporation of India (SECI) on Monday conducted auction for a total of 1,200 MW of wind power generation capacity. SECI is the nodal agency for […]