Category: Oil & Gas

India’s crude oil production fell 1 per cent in April after lower output from fields operated by the private sector wiped away gains by state-owned firms such as ONGC, official data showed Tuesday. India produced 2.47 million tonnes of crude oil in April, down from 2.5 million tonnes in the same month last year, according […]

Crude oil prices on Monday rose by Rs 43 to Rs 8,661 per barrel as participants widened positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for June delivery traded higher by Rs 43 or 0.5 per cent at Rs 8,661 per barrel in 7,787 lots. Analysts said the raising of […]

Chhattisgarh Chief Minister Bhupesh Baghel on Monday said the cut in excise duty on fuel by the Centre will cause a loss of around Rs 500 crores to the state exchequer. He again urged the Union government to withdraw the cess imposed on the fuel. Baghel was talking to reporters here before leaving for Dantewada […]

Maharashtra, Rajasthan and Kerala have decreased VAT on petrol and diesel after Finance Minister Nirmala Sitharaman’s call to provide further relief to consumers following a cut in excise duty by the Centre, though some other states appeared reluctant citing their inability to take more strain on revenue. Senior Congress leader P Chidambaram on Sunday wondered […]

State-owned Oil and Natural Gas Corporation (ONGC) has repaired 100 offshore installations in the Arabian Sea that were damaged by Cyclone Tauktae a year ago, the company said. Western offshore was hit by the cyclone Tauktae during May 16-17, 2021. On May 17, 2021, Barge P-305, deployed by Afcons for work it was doing for […]

Cooking gas LPG price was on Thursday hiked by Rs 3.50 per cylinder, the second increase in rate this month following the firming of international energy rates. Non-subsidised LPG now costs Rs 1,003 per 14.2-kg cylinder in the national capital, up from Rs 999.50 previously, according to a price notification of state-owned fuel retailers. This […]

The Union Cabinet on Wednesday approved advancing the target of blending 20 per cent ethanol in petrol by 5 years to 2025-26 as well as allowing more feedstocks for the production of biofuels in a bid to cut reliance on imported oil for meeting the country’s energy needs. The Cabinet, headed by Prime Minister Narendra […]

Crude oil prices on Monday rose by Rs 37 to Rs 8,548 per barrel as participants widened positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for May delivery traded higher by Rs 37 or 0.43 per cent at Rs 8,548 per barrel in 7,239 lots. Analysts said the raising of […]

India’s petrol and diesel consumption jumped in May as pick up in the economic activity as well as the start of the harvesting season aided the return of demand, a preliminary industry data showed on Monday. Petrol sales grew 14 per cent during the first half of May when compared with the same period in […]

The price of CNG in the national Capital has been hiked by Rs 2 per kg, the 12th increase in rates in just over two months. CNG in the national Capital territory of Delhi now costs Rs 73.61 per kg, up from Rs 71.61 per kg, according to the information posted on the website of […]

The Chhatra Congress on Wednesday showed black flag and threw black ink at BJP national spokesperson Sambit Patra in Puri protesting against the hike in LPG price. Chhatra Congress State president Yashir Nawaaz said his organisation has decided to show black flag to all national BJP leaders coming to the State as their Government at […]

GAIL’s two campaigns “Interdependence “– a global campaign for awareness against climate change and “Hawa Badle Hassu” – A web series advocating clean energy and clean environment wins Silver and Bronze “Goafest 2022 ABBY One Show Awards” respectively under branded content and entertainment category. Interdependence campaign bagged silver ABBY One Show Awards, a coveted recognition […]