India, backed by China, is trying to build a consensus within the G20 group to let countries choose a roadmap to cut carbon emissions instead of setting a deadline to end the use of fossil fuels, three Indian government officials said. India, the current G20 president, is keen on introducing the phrase ‘multiple energy pathways’ […]
Category: Oil & Gas
Adani Total Gas net profit rises 21% to Rs 98 crore in March qtr; dividend declared at Rs 0.25/share
Adani Total Gas Limited’s consolidated net profit in the March quarter increased by 20.74 per cent to Rs 97.91 crore Year-on-Year (YoY), the company announced on Tuesday. The company’s net profit in the same quarter previous year stood at Rs 81.09 crore. However, Adani Total Gas Limited (ATGL) profit in the same quarter fell 34 […]
Centre cuts windfall tax on petroleum crude oil to Rs 4,100 per tonne
India has cut the windfall tax on petroleum crude to 4,100 rupees ($50.14) per tonne from 6,400 rupees per tonne, effective from Tuesday, according to a government notification. The government left the windfall tax on petrol, diesel and aviation turbine fuel at zero. The government revises tax rates fortnightly based on oil price fluctuations. On […]
Commercial LPG price cut by Rs 171.5/kg
Commercial LPG prices on Monday were cut by Rs 171.5 per kg in line with softening international trend. A 19-kg commercial LPG cylinder now costs Rs 1,856.5 in Delhi, according to state-owned oil companies. This is the second straight reduction in rates.
Panel to probe if politicians & officials have bought land near refinery: Samant
Amid allegations that politicians and government officials have purchased land around the proposed refinery in Ratnagiri district’s Barsu-Solgaon, state Industries Minister Uday Samant on Saturday announced a single-member committee headed by the district collector to probe the charges. With protests continuing in Rajapur taluka by villagers against the multi-billion dollar petrochemical refinery project, Samant visited […]
Anti-refinery agitation: Sharad Pawar meets protesters at Barsu
Nationalist Congress Party (NCP) chief Sharad Pawar on Sunday held a meeting with a delegation of anti-refinery protesters led by Satyajit Chavan, who was arrested by Ratnagiri police on April 23, a day before soil survey began at Barsu village in Maharashtra’s coastal Ratnagiri district where one of the world’s biggest oil refinery is likely […]
Indian oil companies’ dividends totalling up to $400 million from Russian projects stuck
Dividends totaling $300 million to $400 million payable to Indian oil companies from their investments in Russian oil and gas projects are stuck due to payment channel-related issues in the aftermath of Russia’s invasion of Ukraine in February 2022, a top government official said. Four public sector oil and gas companies –ONGC Videsh, Oil India, […]
Domestic gas price up for May but CNG, PNG revision unlikely
The price of domestic natural gas for May has been set at $8.27 per million British thermal units (mBtu), up from $7.92 for most of April in line with the new domestic gas pricing formula introduced last month, as per a notification issued by the oil ministry’s Petroleum Planning and Analysis Cell. Despite the increase […]
Domestic gas price for May set at $8.27, consumers will continue paying ceiling price of $6.50
The price of domestic natural gas for May has been set at $8.27 per million British thermal units (mBtu), up from $7.92 for most of April in line with the new domestic gas pricing formula introduced last month, as per a notification issued by the oil ministry’s Petroleum Planning and Analysis Cell. Despite the increase […]
Oppn asks Maharashtra govt to stop land survey for Barsu-Solgaon refinery, seeks release of protesters
The Opposition parties in Maharashtra have asked the state government to stop the land survey process for the proposed oil refinery at Barsu-Solgaon in Ratnagiri district. They alleged that the government was misusing the police machinery to threaten and pressurise villagers and activists opposing the project. Leader of Opposition Ajit Pawar said: “It is dictatorial […]
111 held during protest against Barsu refinery
As many as 111 people, including women, were arrested in Barsu-Solgaon village in Ratnagiri district Tuesday as hundreds of villagers continued with their protest with the state government starting the process of land survey to set up one of the biggest petrochemical refineries in the country. They were produced in Rajapur court from where they […]
Stop survey for refinery at Barsu, say Opp parties as govt says won’t tolerate opposition just for politics
The Opposition parties in Maharashtra have asked the state government to stop the soil survey process for the proposed oil refinery at Barsu-Solgaon in Ratnagiri district and alleged that the government was misusing the police machinery to threaten villagers and activists opposing the project. Speaking to media during his Assembly election campaign in Karnataka on […]