Category: Oil & Gas

Mumbai: The Mahanagar Gas Limited (MGL) on Sunday reduced the prices of compressed natural gas (CNG) and domestic piped natural gas (DPNG) by ₹3/Kg and ₹2/standard cubic metre (SCM) respectively in and around the island city. “The revised price of CNG will be ₹76/kg and DPNG ₹47/SCM effective from midnight of October 1-2,” MGL said […]

The Oil Marketing Companies (OMCs) on Sunday hiked the prices of commercial LPG cylinders by ₹209 per cylinder in its monthly revision of prices. The 19 kg cylinder would now cost Rs1,731.50 from ₹1,522.50 in Delhi from October 1. Prices for the commercial cylinder in Mumbai, Kolkata, and Chennai have been revised at Rs1,684; Rs1,839.50; […]

Pakistan on Saturday cut the prices of petrol and diesel from a record high, after two consecutive raises. Petrol prices dropped by 8 rupees to 323.38 rupees a litre, while diesel prices dropped 11 rupees to 318.18 rupees a litre, according to a finance ministry statement. Pakistan is facing an unprecedented economic crisis with skyrocketing […]

MUMBAI: The state-owned Oil and Natural Gas Corporation (ONGC) is preparing to drill four exploratory oil wells off Mumbai in the western offshore basin. The nearest boundary of this field is 11.3 km off the Mumbai shoreline and 16.6 km south off Juhu Beach. The proposal was cleared in a meeting of the Maharashtra Coastal […]

The US state of California sued five of the world’s largest oil companies on Friday, alleging the firms caused billions of dollars in damages and misled the public by minimizing the risks from fossil fuels, The New York Times reported. It follows numerous other cases brought by US cities, counties and states against fossil fuel […]

Petrol and diesel prices remained unchanged on Sunday. The fuel rates are revised daily at 6 am. As per the latest fuel rates announced by the oil marketing companies, petrol was being sold in Delhi at ₹96.72 per litre while the price of diesel stood at ₹89.62 per litre. In India’s financial capital Mumbai, the […]

The Indian government has increased windfall tax on petroleum crude to 10,000 rupees ($120.36) per ton from 6,700 rupees, effective Sept. 16, according to a government notification on Friday. The government also cut windfall tax on aviation turbine fuel to 3.50 rupees per litre from 4 rupees. The levy on diesel has been cut to […]

Pakistan’s Sui Northern Gas Pipelines Limited (SNGPL) has disconnected 241 gas connections in Punjab, Khyber Pakhtunkhwa and Islamabad, imposing a ₹2.7 million detection bill on many consumers, Dawn reported. Dawn is a Pakistani English-language newspaper. The SNGPL regional team uncovered an illegal gas connection at a farmhouse on Bedian Road in Lahore, in addition to […]

A fortnight after slashing cooking gas rates by ₹200 per cylinder for 330 million customers ahead of crucial elections, the government on Wednesday launched the third phase of its popular Ujjwala scheme to provide free gas connections along with a stove and a refill to 7.5 million poor households for three years. This phase takes […]

On Wednesday, oil marketing companies (OMCs) have kept petrol and diesel prices unchanged in most places, including the four metros, while minor changes have been made for individual cities. Accordingly, one litre petrol continues to retail for ₹106.31 in Mumbai, ₹106.03 in Kolkata, ₹102.74 in Chennai, and ₹96.72 in national capital New Delhi, as per […]

Petrol and diesel prices in India have followed a consistent pattern for over a year, with the most recent adjustment occurring in May 2022. These prices can vary from state to state, owing to factors such as local taxes, value-added tax (VAT), freight charges, and other regional considerations. According to the daily 6am price updates […]