The pump prices of auto fuels petrol and diesel remained unchanged on Saturday as softer global crude and product prices prevented oil marketing companies from carrying out any revision in prices. With this, Petrol prices have now been unchanged for 32 days at a stretch while diesel prices were the same for the 22 consecutive […]
Category: Oil & Gas
Russian oil tanker suffers explosion, 3 crew members missing
A Russian oil tanker was hit by an explosion in the Sea of Azov and a rescue operation was underway Saturday for three missing crew members, officials said. The Russian Emergencies Ministry said the explosion on the General Azi Aslanov took place as the tanker was en route from the port of Kavkaz to the […]
No change in petrol and diesel prices
Retail prices of petrol and diesel remained unchanged on Friday as softer global crude and product prices prevented Indian oil marketing companies from carrying out any revision in prices. Petrol prices now are unchanged for 31 days and diesel prices for 21 consecutive days.Petrol was priced at Rs 81.06 per litre in Delhi and sold […]
GAIL provides 18 CNG vehicles for waste collection to Bengaluru municipality
Lending support to the ‘Swachh Bharat Mission’ in the city, GAIL (India) Limited today handed over 18 four-wheel CNG “Dry Waste Collection Vehicles” worth Rupees one crore to Bruhat Bengaluru Mahanagara Palike (BBMP). The vehicles were flagged off by Shri Gaurav Gupta, Hon’ble Administrator of BBMP and Shri Manjunath Prasad, Commissioner, BBMP in the presence […]
CM thanks PM over ethanol decision
Chhattisgarh Chief Minister Bhupesh Baghel has written a letter expressing his gratitude to Prime Minister Narendra Modi, for determining the rate of ethanol production from surplus rice by the state government at Rs 54.87 per litre. He requested that surplus paddy purchased from farmers of Chhattisgarh should be used to produce biofuel directly for ethanol […]
Consumers may get relief on petrol, diesel prices this festive season
Consumers can cheer as oil marketing companies (OMC) may actually bring down the retail prices of petrol and diesel this festive season. Oil sector experts said that with global oil prices under pressure from slowing demand in the second wave of Covid-19 pandemic sweeping several western countries, crude price could fall in coming days. If […]
Credit for ethanol plants goes to Chhattisgarh: CM
The credit for the Central Government’s approval for the establishment of ethanol plants in Chhattisgarh and fixing the rate for its procurement goes to the State, Chief Minister Bhupesh Baghel said on Tuesday. Efforts by the State that began in February 2019 have succeeded in October 2020, Baghel told the media at the Congress headquarters […]
Govt bans sale of gas, CBM to self
The Government has banned natural gas and coal-bed methane (CBM) producers from buying their own produce in the newly notified gas marketing freedom guidelines. The government on October 15 notified the Natural Gas Marketing Reforms that give producers the freedom to discover the market price of gas through a standard e-bidding process. The notification, which […]
Raj Ghat depot gets HCNG plant, dispensing station
Delhi Transport Minister Kailash Gahlot inaugurated HCNG ((hydrogen compressed natural gas) plant and dispensing station at Raj Ghat Depot. The inauguration ceremony was attended by Union Minister for Petroleum and Natural Gas Dharmendra Pradhan along with senior officers from the Ministry of Petroleum and Natural Gas, Indian Oil Corporation Limited (IOCL) and Indraprastha Gas Limited […]
ONGC, IOC raise Rs 3,140 cr in debt
State-owned Oil and Natural Gas Corp (ONGC) and Indian Oil Corp (IOC) have raised Rs 3,140 crore in debt to meet business expenses. In separate regulatory filings, the two firms said they raised the debt through non-convertible debentures (NCDs). IOC said it raised Rs 2,000 crore on a private placement basis. “The funds raised through […]
OMCs continue to hold petrol, diesel prices across metros
Oil marketing companies (OMC) kept petrol and diesel prices unchanged across the four metros on Sunday. Petrol prices have been unchanged for 26 days at a stretch while diesel prices were the same for the 16th consecutive day. Price of petrol in the national capital was at Rs 81.06 per litre. In Mumbai, Chennai and […]
Petrol pump blast: NHRC seeks ATR
The National Human Rights Commission (NHRC) has sought an Action-Taken Report (ATR) from the Secretary of Ministry of Petroleum & Natural Gas and the Odisha Chief Secretary in connection with the explosion at the petrol station near the Raj Bhavan here on October 7 that killed a person and left several others injured. Acting on […]