VIJAYAWADA: As many as 29 cases have been registered in various fuel stations in Palnadu, Tirupati and BR Ambedkar Konaseema districts by Legal Metrology officials, said Civil Supplies Minister Karumuri Venkata Nageswara Rao. Speaking to the media at the Interim Government Complex at Velagapudi on Wednesday, Nageswara Rao made it clear that strict measures are […]
Category: Oil & Gas
Kerala CPM MP writes to Hardeep Puri, expresses concern over fuel shortage
NEW DELHI: Communist Party of India-(Marxist) MP V Sivadasan on Monday wrote a letter to Union Minister for Petroleum and Natural Gas Hardeep Puri, expressing concern over the shortage of fuel supply in the state.
Amid western sanctions, Gazprom Singapore pays ‘meagre’ penalty for defaulted LNG deliveries to India
NEW DELHI: A former unit of Russia’s Gazprom is paying a ‘meagre’ penalty for the liquefied natural gas (LNG) cargoes it had failed to deliver to India since early June to absolve itself of all contractual liabilities, a top government official said.
Russia scraps gas pipeline reopening, stoking European fuel fears
Russia has scrapped a Saturday deadline to resume flows via a major gas supply route to Germany, deepening Europe’s difficulties in securing winter fuel, after saying it had found faults in the Nord Stream 1 pipeline during maintenance. Nord Stream 1, which runs under the Baltic Sea, had been due to resume operating at 0100 […]
ONGC clarifies on Cauvery shale gas operation in Tamil Nadu
KARAIKAL: ONGC has denied that it has plans to explore shale oil, shale gas or coal bed methane in the Cauvery basin of Tamil Nadu.
Fuel demand in August: Petrol sales rebound, diesel shows decline
NEW DELHI: Petrol sales in India rebounded in August but diesel continued to show a decline over the previous month as rains in several parts chipped away demand in some sectors, preliminary industry data showed.
Excise duty on exports of diesel, ATF hiked
NEW DELHI: The government on Thursday increased the excise duty on the export of diesel and aviation turbine fuel (ATF) and also raised the windfall profit tax on domestically-produced crude oil.
Commercial LPG price cut by Rs 100
In a relief to restaurants and eateries, the price of commercial LPG cylinders (19 kg) has been reduced by up to Rs 100 a cylinder, with effect from September 1. The prices were last revised, again downward, on August 1. Following the reduction, a 19-kg cylinder now costs Rs 1,885 per cylinder in Delhi compared […]
Crude output 5.6 per cent lower than target in July
NEW DELHI: India’s crude oil production in July 2022 at 2,453.19 thousand metric tonnes (TMT) is 5.57 per cent lower than the target set for the month and 3.76 per cent lower than the production of July 2021.
L&T secures contract of Rs 2,500-5,000 crore from IOCL
NEW DELHI: The hydrocarbon-onshore division of L&T’s energy business has secured a large contract from Indian Oil Corporation. According to the company, the contract is valued between Rs 2,500 and Rs 5,000 crore. The company said the contract is awarded through international competitive bidding on a lump sum turnkey (LSTK) basis.
Karnataka aims to produce more ethanol, reduce petrol, diesel need
BENGALURU: If all goes well, Karnataka will be the first state in the country to reduce its dependence on petrol and diesel with the state government aiming to increase production of ethanol, which is allowed to be blended at 20 per cent with motor fuels. This will also likely bring down prices of petrol and […]
PSAZ Act cost ONGC Rs 200 crore in two years: Cauvery Asset
KARAIKAL: The protests fuelled by “unscientific allegations” and the enforcement of the TN Protected Agricultural Zone Development Act (PSAZ), 2020 have incurred the Oil and Natural Gas Corporation losses to the tune of Rs 200 crore in the past two years, said the firm’s Cauvery Asset Executive Director-cum-Asset Manager Anurag on Monday.