Category: Oil & Gas

The cost of petrol and diesel in India remained stagnant on Monday, continuing a ten-month trend of price stability. Prices were last revised in May 2022 after the Finance minister Nirmala Sitharaman announced to slash the excise duty on petrol and diesel by ₹8 per litre and ₹6 per litre, respectively. Previously, fuel prices used […]

Adani Total Gas Limited (ATGL) has reduced the price of compressed natural gas (CNG) by up to ₹8.13 per kg and similarly the price of piped natural gas (PNG) by up to ₹5.06 per standard cubic metre, news agency ANI reported. The revised price will be in effect from 12 am on April 8. This […]

The government on Friday announced natural gas price of USD 7.92 per mmBtu for the remainder of April according to the new pricing formula but rates for consumers have been capped at USD 6.5 per mmBtu. According to an order of Oil Ministry’s Petroleum Planning and Analysis Cell, the price of natural gas for April […]

Petrol and diesel prices in India remained unchanged on Thursday, staying stable for nearly 10 months. Prices were last changed in May 2022 following centre’s cut in the excise duty on fuel rates. The rate of one litre of petrol in the national capital of Delhi is ₹96.72, while a litre of diesel costs ₹89.62 […]

Russia’s largest oil producer Rosneft and India’s top refiner Indian Oil Corp agreed to use the Asia-focused Dubai oil price benchmark in their latest deal to deliver Russian oil to India, three sources familiar with the deal said. The decision by the two state-controlled companies to abandon the Europe-dominated Brent benchmark is part of a […]

Petrol and diesel prices in India continued its stable trend on Wednesday since the last fuel price revision in May 2022. Although the centre had declared a cut in the excise duty on fuel prices last year, petrol prices continued to soar over ₹100 in major cities like Bengaluru and Mumbai. In Delhi, petrol and […]

India cut its windfall tax on crude oil to zero from 3,500 rupees ($42.56) a tonne and halved the tax on diesel to 0.5 rupee per litre, a government notification said on Tuesday. India in July imposed a windfall tax on crude oil producers and on exports of gasoline, diesel and aviation fuel, to encourage […]

Petrol and diesel prices in India remained stagnant on Tuesday continuing the ten-month long price stability. In Mumbai, petrol is currently being sold at ₹106.31 per litre, whereas the price of diesel in the city is ₹94.27 per litre. In the national capital petrol and diesel prices retail at ₹96.72 and ₹89.62 per litre, respectively. […]

Saudi Arabia said Sunday it will cut oil production by 500,000 barrels per day from May until the end of 2023. The move would likely raise prices at the pump, further straining relations between Riyadh and Washington as the world copes with inflation fueled in part by the war in Ukraine. The Saudi Energy Ministry […]

Petrol and diesel prices in India remained steady on Sunday for the 10th consecutive month after the last fuel price change in May 2022. While Mumbaikars can buy petrol at ₹106.31 per litre and diesel at ₹94.27 per litre, Delhiites need to shell out slightly less for fuel as petrol and diesel prices stood at […]

Prime Minister Narendra Modi is set to flag off the new Bhopal-Delhi Vande Bharat Express on April 1 from the Rani Kamalapati station in Madhya Pradesh’s Bhopal. “PM Modi will be visiting Madhya Pradesh. During his visit to Bhopal on April 1, he will give a big gift to the people of the state in […]

Petroleum companies generally revise the prices of LPG cylinders on April 1, the first day of the new financial year. According to a report by LiveMint, the rate of commercial gas cylinders has been cut by nearly ₹92 on the first day of fiscal year 2024. However, the price of domestic LPG gas cylinders remains […]