Category: Oil & Gas

Jet fuel or ATF price on Monday was cut by a marginal 0.5 per cent while rates of commercial LPG used by establishments such as hotels and restaurants were slashed by Rs 31 per cylinder in line with international prices. Aviation turbine fuel (ATF) price was cut by Rs 502.91 per kilolitre or 0.49 per […]

Mumbai: With increasing local production, the import dependency of natural gas in general and LNG in particular, is likely to come down to 45 per cent by FY26, says a report. A Care Ratings analysis said the dependency on imported LNG has gradually declined over the past three years. PTI Unilever to cut 7,500 jobs […]

There was a sharp drop in the quantum of diesel and gas transported to Punjab on a daily basis with government sources saying diesel dispatched was 50% less than on normal days and gas dispatched was 20% less. “This leaves Punjab with 50% diesel and 80% gas availability. The drop in the volumes dispatched on […]

Delhi Labour Minister Raaj Kumar Anand has flagged the continuous entry of diesel vehicles into the national capital despite a ban on their entry under GRAP Stage-IV guidelines during an inspection of the Singhu border. Restrictions under GRAP Stage IV, including a ban on all construction work and the entry of polluting trucks into the […]

Britain on Wednesday imposed sanctions on 29 individuals and entities in Russia’s gold and oil sectors, as it targets the Kremlin’s finances supporting the war in Ukraine. Those sanctioned include a United Arab Emirates-based network, which Britain said was responsible for channelling more than $300 million in gold revenues to Russia. Britain also sanctioned two […]

As the air quality in Gurugram and Faridabad deteriorated, the Haryana transport commissioner has banned the plying of BS-III petrol and BS-IV diesel category of vehicles, an official said on Tuesday. Gurugram DC Nishant Kumar Yadav said the Transport Commissioner, Haryana has banned the use of four-wheeler light motor vehicles of Bharat Stage-III (petrol) and […]

The combined market valuation of nine of the top-10 most valued firms surged Rs 97,463.46 crore last week, with Reliance Industries emerging as the biggest gainer, amid an overall positive trend in equities. Last week, the BSE benchmark jumped 580.98 points or 0.91 per cent. Barring Bajaj Finance, the rest nine firms, including Reliance Industries, […]

India on Thursday began producing ‘reference’ petrol and diesel, joining a select league of nations that produce the highly specialised fuel which is used for testing automobiles. Launching the fuel, Oil Minister Hardeep Singh Puri said the start of production of ‘reference’ fuel is another step towards Aatmanirbhar Bharat (self-reliant India) as it will end […]

The government will install biogas plant under the Gobardhan project at the gaushala on the Ram Tirath road here. The biogas plant will be installed under the Gobardhan project of Swachh Bharat Mission Phase-2. The gaushala is being run by the Baba Bhodhi Wala Gaushala Sewa Samiti. The project will cost about Rs 48 lakh. […]

Tata Motors is developing a new petrol powertrain which would be utilised in its premium sports utility vehicles—Harrier and Safari, according to a top company official. The models currently come with a 2-litre diesel engine. In an interaction with PTI, Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said the engine is being developed and […]

The gathering storm clouds in West Asia have exerted a bearish pressure on stock markets worldwide, while the US is engaged in talks to stave off a rise in crude oil prices which could touch $100 per barrel due to western sanctions on Russia and the decision of OPEC Plus to cut oil production. In […]

Due to a row between the Indian Oil Corporation’s (IOC) bottling plant in Mehatpur, Una, and a local truck union, residents of Kangra district are facing an acute shortage of LPG. The IOC is the biggest supplier of LPG cylinders in Kangra district. Locals can often be seen waiting for refills outside LPG agencies. They […]