Category: Oil & Gas

NEW DELHI: Market regulator Sebi has put state-run Hindustan Petroleum Corporation Ltd (HPCL) on notice and asked the oil refiner and fuel retailer to re-file by August 13 all filings on shareholding since January 2018 showing flagship explorer ONGC as its promoter or face action under Sebi Act. In a missive sent on August 6, […]

New Delhi, Aug 7 () Adani Gas Ltd on Wednesday reported a 43 per cent rise in first quarter net profit at Rs 79 crore on back of increase in gas sales. Net profit in April-June of 2018 was at Rs 55 crore, the company said in a statement. “Q1 FY20 overall sales volume grew […]

NEW DELHI: Reliance Industries and UK’s BP plc have agreed to form a new joint venture to set up petrol pumps and retail aviation turbine fuel to airlines in India, the two companies said on Tuesday. Reliance’s existing 1,400-odd petrol pumps, as well as 31 aviation fuel stations, will be transferred to the new joint […]

New Delhi, Aug 1 () The country’s largest car maker Maruti Suzuki India (MSI) has said that usage of all kinds of green technologies, including CNG and hybrid cars, should be encouraged in order to cut oil imports and reduce air pollution. Addressing shareholders in the company’s annual report for 2018-19, MSI Chairman R C […]

NEW DELHI: Non-subsidised cooking gas (LPG) price was on Wednesday cut by Rs 62.50 per cylinder on softening international rates. Non-subsidised or market priced LPG, which consumers buy after exhausting their quota of 12 cylinders of 14.2-kg each at subsidised rates, will now cost Rs 574.50 with effect from midnight tonight, IOC said in a […]

DELHI: A 60-year-old woman died after a fire broke out in her house due to a leak in an LPG cylinder in outer Delhi’s Jwalapuri on Sunday afternoon. The victim has been identified as Amma Devi. It is suspected the fire broke out when she lighted the stove. Chief fire officer of Delhi Fire Service, […]

BENGALURU: Mining conglomerate Vedanta Ltd’s first-quarter profit slightly missed estimates as falling commodity prices hurt revenue and margins. The company has seen a muted year in terms of commodity prices, with the benchmark three-month copper on the London Metal Exchange rising only 0.2%, and zinc falling 1.8% this year. While copper prices are expected to […]

MUMBAI: The state cabinet has cleared a new scheme to provide subsidy on LPG connections on the lines of the Prime Minister Ujjwala Yojana (PMUY). The state will release Rs 3,846 for every new gas connection to poor families who have been left out of the PMUY ambit. The central scheme covers only a certain […]

NEW DELHI: Delhi’s fight against air pollution has received a boost as sale of BS-VI petrol and diesel has expanded beyond the city to cover 60% of the NCR (National Capital Region) spanning districts in Haryana, Uttar Pradesh and Rajasthan from April 1, a year ahead of the deadline and will spread to 80% of […]

NEW DELHI: Delhi’s fight against air pollution has received a boost as sale of BS-VI petrol and diesel has expanded beyond Delhi to cover 60% of the NCR (National Capital Region) spanning districts in Haryana, UP and Rajasthan from April 1, a year ahead of the deadline and will spread to 80% of the region […]

MUMBAI: Private cars running on compressed natural gas (CNG) have touched the 3-lakh mark in Mumbai region. This is nearly 8% of the private car population, latest statistics have revealed. An average of 75 brand new CNG private cars hit city roads daily in 2018-19, which was a good trend, Mahanagar Gas Ltd (MGL) officials […]

New Delhi, Jul 16 () The government has no plans to ban petrol and diesel vehicles in the near future but will continue to push for greater use of electric vehicles with a view to cut oil imports and save the environment, Oil Minister Dharmendra Pradhan said Tuesday. Conventional energy sources of coal and oil […]