Jet fuel (ATF) price on Tuesday was hiked by 4.2 per cent but that of commercial LPG used in non-residential establishments such as hotels and restaurants was cut by Rs 115.50 per 19-kg cylinder reflecting global energy trends. Aviation turbine fuel (ATF) price was hiked by Rs 4,842.37 per kilolitre, or 4.19 per cent, to […]
Category: Oil & Gas
ATF price hiked 4.2 per cent, commercial LPG rates cut by Rs 115.5
New Delhi, Nov 1 (PTI) Jet fuel (ATF) price on Tuesday was hiked by 4.2 per cent but that of commercial LPG used in non-residential establishments such as hotels and restaurants was cut by Rs 115.5 per 19-kg cylinder reflecting global energy trends.
Festive season propels petrol, diesel demand to highest in four months in October
NEW DELHI: Petrol and diesel sales in India jumped to a four-month high in October, as the festive season brought back demand that had been quelled by extended monsoon rains, preliminary industry data showed on Tuesday.
Saudi, UAE back cuts to oil production as US warns of ‘uncertainty’
ABU DHABI: Saudi Arabia and the United Arab Emirates defended on Monday a decision by OPEC and its allies to cut oil production, even as an American envoy warned of “economic uncertainty” ahead for the world.
Karnataka plans India’s first green hydrogen cluster in Mangaluru
BENGALURU: The upcoming Global Investors Meet (GIM) 2022 will see Karnataka emerging as the lead state in manufacturing green hydrogen in India.
Karnataka aims to up ethanol blend in petrol from 10 per cent to 85 per cent
BENGALURU: Officials from Karnataka State Bioenergy Development Board (KSBDB) are working with Oil Manufacturing Companies (OMCs) to increase the percentage of ethanol in petrol to ensure that large quantities of ethanol generated in the state is fully utilised, while aiming to address vehicular pollution and phase out dependence on fossil fuels.
Chennai City gas distribution network in Karaikal, Nagai gets CRZ go-ahead
CHENNAI: The Union environment ministry has granted Coastal Regulation Zone (CRZ) clearance for the proposed city gas distribution network in Karaikal and Nagapattinam. M/s Torrent Gas Private Limited has proposed to lay three natural gas pipelines for the development of the city gas distribution network in the two districts.
Indian Oil Corporation reports first-ever back-to-back quarterly loss
NEW DELHI: State-owned Indian Oil Corporation (IOC) on Saturday reported a net loss of Rs 272.35 crore for the second quarter of financial year 2022-23 (Q2FY23) despite booking over Rs 10,800 crore of LPG subsidy it received from the government after the quarter ended. The company reported a net profit of Rs 6,360.05 crore for […]
Energy prices to fall 11% in ’23 on slowdown: World Bank
NEW DELHI: Energy prices are expected to fall by 11% in 2023 as global growth is likely to slow down, according to a World Bank report. According to the World Bank’s commodity outlook, energy prices after surging 60% in 2022 will decline 11% in 2023 and 12% in 2024.
India’s crude oil imports rise by 1 per cent in September
NEW DELHI: Latest data released by the petroleum ministry showed India’s crude oil imports increased by 1 per cent in September 2022. The net import bill for oil and gas was USD 10.7 billion in September 2022, as compared to USD 9.4 billion in September 2021, while exports in the month were at USD 5.3 […]
Gujarat govt cuts VAT on CNG & PNG, to give two cylinders free to Ujjwala beneficiaries
GANDHINAGAR: Ahead of Diwali, the Gujarat government on Monday announced a reduction in VAT (Value Added Tax) on CNG and PNG by 10 per cent and said two cooking gas cylinders will be given free every year to 38 lakh beneficiaries who have got gas connections under the Centre’s Ujjwala scheme.
BPCL to convert retail outlets into energy stations providing multiple fueling options
BENGALURU: Bharat Petroleum Corporation Limited (BPCL) has aimed to convert its 7,000 conventional retail outlets into energy stations providing multiple fueling options including electric vehicle (EV) charging facility, in the medium to long term.