Category: Oil & Gas

Aramco’s Khalid al-Dabbagh is set to step down as chief financial officer of the Saudi Arabian oil giant, Bloomberg News reported on Wednesday, citing people familiar with the matter. Ziad Al-Murshed will replace al-Dabbagh, who helped in leading Aramco through its initial public offering in 2019, according to the report. Aramco could announce the management […]

Four people died following a cylinder blast at a house in Farsh Bazaar area of Shahdara on Wednesday, Delhi Fire Service (DFS) officials said. A call about the blast was received at around 12.15 am after which nine fire tenders were rushed to the spot, they said. A portion of the roof of the house […]

Paving the way for the transformation of the fossil fuel ecosystem in the country, the Ministry of Road Transport and Highways has issued a draft notification for facilitating the use of a blend of 12 per cent and 15 per cent ethanol in gasoline as automotive fuels. Comments have been invited from stakeholders within a […]

The Ludhiana police, along with officials of the Food and Civil Supplies Department, today conducted a raid at Aman Gas Enterprises and seized 170 LPG cylinders from the agency. The owner of the agency had been stealing gas from LPG cylinders which were to be supplied to residents.

With the fuel prices touching new highs month by month, the incidents of fuel theft have started rising in the district. One such incident was reported in the district too. An oil tanker carrying 24,000 liters of petrol was reported to have been stolen from the depot of Hindustan Petroleum Corporation Limited (HPCL) on Sunday. […]

Oil marketing companies (OMC) again raised fuel prices on Sunday with petrol price in the national capital crossing the Rs 97 per litre mark. Petrol is selling for Rs 97.22 per litre in Delhi on Sunday, up from Rs 96.93 on Saturday. Cost of diesel in the national capital was at Rs 87.97 per litre, […]

The Haryana State Pollution Control Board (HSPCB) has imposed Rs 62.5 lakh fine on IOCL refinery here reportedly for flouting the Hazardous and Other Wastes Management (HOWM) Rules, 2016. The National Green Tribunal (NGT) recommended that the financial penalty shall be imposed on all defaulting units for violating the norms for handling and disposal of […]

The wholesale price-based inflation accelerated to a record high of 12.94 per cent in May, on rising prices of crude oil and manufactured goods. Low base effect also contributed to the spike in WPI inflation in May 2021. In May 2020, WPI inflation was at (-) 3.37 per cent.

Punjab Youth Congress activists staged a protest against rising fuel prices and torched the effigy of Prime Minister Narendra Modi at Maur today. The stir was led by Navjot Singh Sandhu, state secretary, and Harpreet Singh, vice-president, Maur. Sandhu claimed the skyrocketing cost of fuel was hurting small traders as well as those in the […]

Petrol price on Sunday crossed Rs 95 a litre in Delhi and diesel breached Rs 86 per litre mark for the first time ever as fuel prices were hiked again. Petrol price was increased by 21 paise per litre and diesel 20 paise a litre, according to a price notification of state-owned fuel retailers. The […]

After Rajasthan, Madhya Pradesh and Maharashtra, petrol price has crossed the Rs 100-per-litre mark in Leh, in almost all districts of Andhra Pradesh and parts of Telangana after fuel prices were again hiked on Friday. Petrol price was increased by 27 paise per litre and diesel by 28 paise a litre, according to a price […]

Despite low fuel consumption in the fiscal ended March 31, the net profit of three public sector oil companies zoomed past Rs 50,000 crore. According to data, the country’s fuel demand contracted by 9.1% in 2020-21 amid the lockdowns imposed to combat the spread of Covid. As per data compiled by the Oil Ministry’s Petroleum […]