The State Cabinet has approved hiking of cess on petrol and diesel. This and other decisions were taken in the cabinet meeting held on Wednesday evening. The State government spokesman and cabinet minister Madan Kaushik informed that the cabinet had approved raising the cess on petrol and diesel as a result of which the cost […]
Category: Oil & Gas
Fuel prices up by Rs 4.5 litre as State raises duty
Petrol and diesel prices in Madhya Pradesh shot up by around Rs 4.5 per litre from Saturday, after the State Government raised additional duty on these petroleum products by Rs 2, a day after the Centre increased taxes on them. Presenting the Budget for 2019-20, Finance Minister Nirmala Sitharaman had on Friday raised excise duty […]
Iranian official threatens to seize British oil tanker
A senior Iranian official said on Friday that Tehran should seize a British oil vessel in case London refuses to release the Iranian oil tanker detained in Gibraltar. On Thursday, British Royal Marines helped officials in Gibraltar to seize an Iranian supertanker “Grace 1” suspected of carrying oil to Syria, “in breach of EU sanctions”. […]
Petrol price to rise by Rs 2.5, diesel by Rs 2.3 after FM raises tax
Petrol price will be hiked by over Rs 2.5 per litre and diesel by more than Rs 2.3 after Finance Minister Nirmala Sitharaman Friday raised taxes on the fuels to part-fund her Budget for 2019-20. Sitharaman raised excise duty and road and infrastructure cess on the auto fuels by Rs 2 per litre each to […]
Petrol, diesel to be costlier; tax on super-rich, gold imports
Finance Minister Nirmala Sitharaman Friday hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles. Presenting the maiden budget […]
GAIL Gas Ltd to strengthen CNG infrastructure in Kolhan
GAIL Gas Limited has rolled out opportunities to partner in building the CNG infrastructure in the Seraikela- Kharsawan and West Singhbhum districts. The company is motivating land owners and individuals to collaborate for developing these two Districts by setting up CNG Station on Dealer Owned Dealer Operated ( DODO) Model. A.K Jana, chief executive officer, […]
ONGC discovers 230 mn tonnes of oil reserves: Pradhan
State-owned Oil and Natural Gas Corp (ONGC) has discovered over 230 million tonnes of in-place oil reserves in the last three years, Petroleum Minister Dharmendra Pradhan said Monday. In a written reply to a question in the Lok Sabha, he said India’s top oil and gas producer ONGC as on April 1, 2019, has in […]
Iran removed mine from oil tanker, claims US
The US military on Friday released a video showing Iran’s Revolutionary Guard removing an unexploded limpet mine from one of the oil tankers targeted near the Strait of Hormuz. The US Navy rushed to assist the stricken vessels in the Gulf of Oman off the coast of Iran, including one that was set ablaze on […]
Ministries irked by NITI’s proposal
Government think tank NITI Aayog’s proposal to decontrol foodstuffs, including edible oils, oilseeds, fertilisers and seeds of agricultural products from the Essential Commodities Act (ECA), 1955 has irked several Ministries, including Agriculture, Petroleum, and Chemicals and Fertilisers. Prime Minister Narendra Modi is expected to discuss the issue at the NITI Aayog meeting on Saturday. The […]
Work begins for first gas insulated substation in City
The construction of Gas insulated power station, a first in the city, has begun in the city on Wednesday. Customary rituals were carried out at the site on Wednesday which marked the beginning of the construction work. The project is being developed on 656.3 acres in Dhurwa area of the city. The substation will fulfill […]
Reliance, BP to develop deepest gas find in KG-D6 by 2022
Reliance Industries and its partner BP Plc of UK Tuesday announced investment sanction for development of their deepest natural gas discovery in the flagging KG-D6 block by 2022. Reliance-BP will develop the MJ, or D-55, gas find in sync with the previously approved projects to the develop two sets of discoveries in the block that […]
IndianOil pledges for environment safety
In his message for World Environment Day, B V Rama Gopal, Director (Refineries) urged IOCians to pledge individual & collective commitment to minimise the impact of our actions on the environment. He has also shared the commitment of the Refineries Division, which is consistently working towards bringing down its numbers on all important parameters of […]