The government has brought back the windfall profit tax on domestically produced crude oil after international prices firmed up while the levy on export of diesel has been cut to nil, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) is now Rs […]
Category: Oil & Gas
10 years on, LPG-run crematorium still to find favour with Amritsar residents
Thanks to the orthodox views associated with the cremation of the deceased and an indifferent attitude towards the environment, LPG and electric crematoriums continue to remain unpopular in the holy city despite being installed here over a decade ago. The two LPG crematoriums were made operational in the city in March 2012 as part of […]
13 fuel stations, LPG sites owe Chandigarh Rs 7.22 crore: CAG
The UT Estate Office has failed to recover the ground rent, and goods and services tax (GST) in respect of various fuel stations and LPG sites to the tune of Rs 7.22 crore, an audit report of the Comptroller and Auditor General (CAG) of India has revealed. According to the report, a test check of […]
IOC, Adani-Total, Shell lap up Reliance’s KG-D6 gas
State-owned Indian Oil Corporation (IOC), Adani-Total Gas Ltd and Shell were among the 29 companies that bid and bought natural gas to be produced from the deepest field in the KG-D6 block of Reliance Industries Ltd and bp, sources said. IOC walked away with almost half of the 6 million standard cubic meters per day […]
Ukraine to India: Cut military, energy dependence on Russia
Visiting Ukrainian Deputy Foreign Minister Emine Dzhaparova on Monday called on India to be pragmatic by diversifying its political interactions and energy and military resources. Dzhaparova, a rare political visitor from Ukraine, arrived on Sunday and was speaking to the media after a meeting with MEA’s Secretary (West) Sanjay Verma. “We only think that it’s […]
Ukraine asks India to reduce military, energy dependence on Russia
Visiting Ukrainian Deputy Foreign Minister Emine Dzhaparova on Monday called on India to be pragmatic by diversifying its political interactions, and energy and military resources. Dzhaparova, a rare political visitor from Ukraine, was on Sunday speaking to the media after a meeting with MEA’s Secretary (West) Sanjay Verma. “We only think that it’s crucial to […]
‘We wanted to get cheap Russian crude oil just like India’, says former Pak PM Imran Khan
Former Pakistan Prime Minister and Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan once again lauded India’s foreign policy and said that Islamabad “wanted to get cheap Russian crude oil just like India” but was not able to do so as his government collapsed in a no-confidence motion. Addressing the nation in a video message, he said, […]
India’s Russian oil imports now double of Iraq
India’s imports of crude oil from Russia touched a new high of 1.64 million barrels per day in March and is now double of the purchases from Iraq — the nation’s traditional top oil supplier. But the purchases appear to have plateaued as growth has slowed. Russia continued to be the single largest supplier of […]
CNG, piped cooking gas price cut by up to Rs 6 in Delhi
The prices of CNG and cooking gas piped to household kitchens in the national capital on Saturday were cut by up to Rs 6 – the first reduction in two years – after the government changed the pricing formula of natural gas. CNG in the national capital territory of Delhi will now cost Rs 73.59 […]
Natural gas price fixed at $7.92 for April, capped at $6.5 for consumers
The government on Friday announced a natural gas price of $7.92 per unit for the remainder of April according to the just-approved new pricing formula, but rates for consumers have been capped at $6.5 per unit. According to an order of the Oil Ministry’s Petroleum Planning and Analysis Cell, the price of natural gas for […]
Gas price for April at $7.92 but price for consumers capped at $6.5: Govt order
The government on Friday announced a natural gas price of USD 7.92 per unit for the remainder of April according to the just approved new pricing formula, but rates for consumers have been capped at USD 6.5 per unit. According to an order of the Oil Ministry’s Petroleum Planning and Analysis Cell, the price of […]
Windfall tax on domestic crude oil scrapped, halved on diesel exports
The government has cut the windfall profit tax on domestically produced crude oil to zero and halved the levy on the export of diesel to Rs 0.50 per litre in line with softening international oil prices, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas […]