Category: Oil & Gas

New Delhi, July 6: Cooking gas LPG price on Wednesday was hiked by Rs 50 per cylinder, the eighth increase in rates in the last one year that took the cumulative rise to Rs 244. Non-subsidised LPG now costs Rs 1,053 per 14.2-kg cylinder in the national capital, up from Rs 1,003 previously, according to […]

New Delhi: India’s petrol and diesel sales soared in June on the back of the start of cropping season, summer travels and overall pick up in economic activity, preliminary industry data showed. The start of the cropping season helped diesel demand register a double-digit growth over the pre-pandemic period — a record in recent years. […]

Mumbai, Jun 28: An ONGC helicopter carrying nine persons, including two pilots, crashed into the Arabian Sea off the Mumbai coast on Tuesday while attempting to land on a company’s rig, officials said. All the nine persons onboard were later rescued. The Indian Navy and the Coast Guard had joined the rescue operations, a defence […]

Mumbai, June 28: At least four persons perished after a Pawan Hans helicopter ditched into the Arabian Sea near the ONGC’s Sagar Kiran oil-rig, off Mumbai High Fields, around 175 kms off the country’s commercial capital, official sources said on Tuesday. The chopper was carrying nine people – seven passengers, reportedly ONGC staffers, and two […]

New Delhi, May 23: The Centre’s decision to cut excise duty on petrol and diesel will put pressure on the fiscal deficit which has been estimated at 6.4 per cent of GDP for the current financial year, experts said. The government on Saturday cut excise duty on petrol by a record Rs 8 per litre […]

Islamabad: Amid rising oil consumption and import bill owing to higher international prices, the Pakistan government is mulling the possibility of fuel conservation through reduced working days a week, hoping to save an estimated annual foreign exchange of up to $2.7 billion. The estimates are based on three different scenarios in terms of working days […]

New Delhi: Prime Minister Narendra Modi on Wednesday urged the states to reduce the Value Added Tax (VAT) on fuel “in the spirit of cooperative federalism”. During a virtual meeting with chief ministers, Prime Minister Modi stressed how the country fought a long battle against Covid with the spirit of cooperative federalism. “The same should […]

New York: External Affairs Minister S. Jaishankar has given a resounding retort to an Al-Jazeera reporter asking her to look at Europe when she said India risked sanctions for currency arrangements for energy purchases. “If you are looking at energy purchases from Russia, I would suggest that your attention should be focused on Europe,” he […]

New Delhi: Petrol and diesel prices are likely to be hiked this week as oil companies prepare to pare losses accumulated from keeping rates steady for over four months in the run-up to assembly elections in five states, including UP, despite international oil prices jumping to a 13-year high of USD 140 per barrel. West […]

Yadgir, (Karnataka) March 3: With five more people succumbing on Wednesday night, the death toll in the February 25 LPG cylinder blast incident in UKP camp near Doranahalli in this district has risen to 10, as per sources. According to hospital authorities, several of the injured are still critical. As many as 24 people had […]

New Delhi: State-owned GAIL India Ltd plans to lay a pipeline to Srinagar to take the environmentally friendly natural gas to the Kashmir Valley as it doubles down on efforts to expand infrastructure to helm the government vision of a gas-based economy, its chairman and managing director Manoj Jain said. GAIL will by May 2023 […]

New Delhi: The total incidence of taxes on petrol has come down to 50 percent and that on diesel to 40 percent following a reduction in excise duty by the central government, and by a slightly higher proportion in states that have also cut local sales tax or VAT on the fuel. The retail price […]