Category: Oil & Gas

Oil India Ltd on Saturday said it has suffered a production loss of 638 tonnes of crude oil and 0.46 million standard cubic metres per day of natural gas following a blowout and massive fire at a well in its Assam field. Natural gas mixed with condensate started flowing uncontrollably from one of the wells […]

Petrol price on Monday was hiked by 48 paise per litre and diesel by 23 paise a litre as oil companies for the ninth day in a row adjusted retail rates in line with costs since ending an 82-day hiatus in rate revision. Petrol price in Delhi was hiked to Rs 76.26 per litre from […]

The death toll in the oil tanker explosion in east China’s Zhejiang Province has risen to 19, the local authorities said on Sunday. About 166 injured people are undergoing treatment in hospitals, the publicity department of the city of Wenling said. The explosion took place on Saturday near a village along the Shenyang-Haikou Expressway, the […]

Beijing, Jun 13 (PTI) Ten people were killed and 117 others injured when an oil tank truck exploded and veered off an expressway in east China’s Zhejiang province on Saturday, local authorities said. The explosion, which occurred around 4:40 pm near Liangshan village in Wenling city, has caused the collapse of some nearby residential houses […]

Petrol and diesel prices have become more expensive for the common man with oil marketing companies raising pump prices by 60 paise per litre on Thursday. The auto fuel prices have now risen five days in a row with petrol prices increasing by Rs 2.74 and diesel by Rs 2.83 per litre since Sunday. In […]

Petrol price on Wednesday was hiked by 40 paise per litre and diesel by 45 paise, the fourth straight daily increase in rates after oil PSUs ended an 82-day hiatus in rate revision. Petrol price in Delhi was hiked to Rs 73.40 per litre from Rs 73, while diesel rates were increased to Rs 71.62 […]

Bokaro will soon get a pollution-free and cost-effective compressed naturalgas-based cremation system at Burning Ghat on the bank of Garga River. The Chas Municipal Corporation will install CBM-fuelled (Coal Bed Methane) ovens at crematoria; the energy-saving and eco-friendly cremation the system will be introduced for the first time in the state. Additional Municipal Commissioner Shashiprakash […]

Global stock markets were subdued on Monday as investors weighed the strength of US economic jobs data from last week against longer-term concerns about the coronavirus’ impact on world growth. Momentum continued in some markets from a rally on Friday, when the US Government said employers added 2.5 million workers to their payrolls in May, […]

The Centre has mandated a one-cm green sticker, providing registration details, in all BS-VI compliant motor vehicles. The order will come into force from October 1, 2020. “Vehicles complying with BS-VI emission norms shall have 1 cm green strip at the top in the third registration plate,” as per a notification issued by the Ministry […]

Automobile fuel dealers in the national Capital have reported a 79 per cent dip in monthly diesel sales during May 2020, compared to May 2019. Despite the lockdown being eased, the drop is attributed a hike in Value Added Tax (VAT) on both diesel and petrol by the Delhi State Government. According to the Delhi […]

Petroleum Natural Gas Regulatory Board (PNGRB) in its public notice on 2nd June 2020 announced that any entity can set up an LNG station in any Geographical Area (GA) or anywhere else, even if it is not the authorised entity for that GA. This clarification by the PNGRB has been wholeheartedly welcomed by PLL management. […]

India has saved Rs 5,000 crore in foreign exchange after it capitalised on the global low oil prices to fill its underground strategic oil storage to shore up insurance against any supply or price disruption, the Petroleum Ministry said on Wednesday. While the 5.33 million tonnes of emergency storage — enough to meet India’s oil […]