Petrol and diesel prices were hiked by 80 paise a litre each on Saturday, the fourth increase in five days as oil firms passed on to consumers the spike in cost of raw material. Petrol in Delhi will now cost Rs 98.61 per litre as against Rs 97.81 previously while diesel rates have gone up […]
Category: The Telegraph
Telegraph
US to help EU with natural gas
The US will help the EU secure an additional 15 billion cubic metres of liquefied natural gas by year’s end, President Biden and the European Commission president, Ursula von der Leyen, announced in Brussels on Friday, an important step in the bloc’s race to wean itself off Russian fuel imports. The EU is heavily reliant […]
Russia’s Gazprom seeks gas payments in Euros from GAIL
Gazprom has asked India’s largest gas transmitter GAIL (India) to pay for gas imports in Euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the US currency. GAIL has a long-term gas import deal with Gazprom Marketing and Trading Singapore to annually buy 2.5 […]
India looks for home solutions
Oil minister Hardeep Puri told the Lok Sabha on Thursday that India is looking to increase its dependence on the domestic production of oil and gas. The government plans to bring 30 per cent of the sedimentary area under oil exploration. The country has 26 sedimentary basins covering around 3.3 million square kilometres. “Today, the […]
Fallout of Ukraine invasion: West chokes Russian oil supply
The global oil market is heading for a major disruption. Dozens of nations, including the US and much of Europe, say they are united in seeking to “radically” reduce imports of Russian oil and gas after its invasion of Ukraine, while ensuring those efforts don’t fuel climate change. At a two-day meeting of the International […]
East-West Metro sets January 2023 deadline to connect Howrah and Salt Lake
The entire East-West corridor, connecting Howrah and Salt Lake, will be operational by January 2023, the general manager of Metro Railway said on Thursday. At a news conference at the Chowringhee headquarters of the carrier, Arun Arora, the general manager of Eastern Railway and Metro Railway, gave deadlines for several ongoing projects in the city. […]
Congress takes Narendra Modi government to task on gas price
The Congress on Tuesday said the Narendra Modi government punishes people for voting the BJP to power with three things: arrogance, autocratic attitude and price rise. Expressing outrage over the decision to increase the price of cooking gas cylinder by Rs 50, in addition to the hike in prices of petrol and diesel, the Congress […]
Coal demand in India yet to see its peak, says ministry of coal
The Union coal ministry on Wednesday said the coal demand in India is yet to see its peak and is likely to increase by 63 per cent to 1.3-1.5 billion tonnes by 2030. “As of now, there is no possibility of a transition away from coal affecting the stakeholders involved in coal mining,” Union minister […]
Adani Power to merge six subsidiaries with itself
Adani Power is set to merge six wholly-owned subsidiaries with itself. The Gautam Adani led entity disclosed on Tuesday that its board has approved an amalgamation scheme. In a regulatory filing, the company, which has a market capitalisation of Rs 50,198 crore, listed the six subsidiaries that will be amalgamated with itself: Udupi Power, Raipur […]
Crude oil price marches above $120 per barrel
Oil prices jumped 5 per cent to over $121 a barrel on Wednesday as a weather-related disruption to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries over tight global supplies. Brent crude futures were up $5.95, or 5.1 per cent, at $121.43 a barrel as of 12:01 pm […]
Lok Sabha: Opposition stages walkout over fuel price hike
Opposition parties protested in Lok Sabha on Tuesday against the increase in prices of fuel and cooking gas and staged a walkout demanding a rollback. Raising the issue after Question Hour, Congress leader Adhir Ranjan Chowdhury said the Opposition parties had been claiming that the prices of diesel and petrol would increase after the election […]
NCP, Congress criticise Centre for fuel price hike
The NCP and Congress hit out at the central government on Tuesday over the latest fuel price hike, and questioned the need for increasing the rates at a time when crude oil was imported at highly discounted rates” from Russia. The petrol and diesel prices were on Tuesday hiked by 80 paise a litre, while […]