<p>With a view to give boost to agriculture sector, achieve import substitution, promote effective waste management and reduce environmental pollution Government has been blending ethanol in petrol. With
New Delhi: Taking a cue from the RBI governor D Subbarao, market leader IndianOil Corporation indulged in grandstanding on Tuesday by saying state-run retailers would raise petrol price by almost Rs 10
India has offered Qatar stake in some of the major petro projects, including the petrochemicals complex at Dahej in Gujarat, Indian Oil Corporation's (IOC's) LNG project in Ennore, Tamil Nadu, BPCL's petrochemical project in Kochi, petrochemical project in Mangalore and investment opportunity in the Paradip refinery and petrochemical project to further enhance its strategic partnership and ties.
Estimates point to 4-year-high of 4.9% rise in petroleum product sale trend likely to continue, says PPAC The country’s diesel consumption rose a massive 11.9 per cent in 2011-12, leading to an expected 4.9 per cent growth in the sale of petroleum products in the just-ended financial year. That will mark a four-year-high growth, which is significantly above 2.9 per cent in 2010-11. The government’s projection for FY12 was 4.58 per cent.
Management panel to mull integrated survey plan this week. The oil ministry has called a crucial meeting of administrators of the KG-D6 block to deliberate upon Reliance Industries’ plan to survey the
New Delhi After the Union Budget wiped out $1 billion from Cairn India’s market cap by raising the cess on oil production from R2,500 per tonne to R4,500, the government continues to sit on the company’s applications for both increasing production from its existing MBA (Mangala, Bhagyam and Aishwarya) fields in Rajasthan as well as to carry on more exploration in its Rajasthan block. If the applications are cleared, apart from the gains Cairn and its partner ONGC will make, the government stands to gain R6.8 crore a day (of this, R2.1 crore is for the Rajasthan government) and the country can save R12.5 crore of forex every day in the immediate future;
India’s dream of providing clean gas-based power stations is turning sour. Three gas-based power plants, including Pragati, Bawana and Rithala in the NCR region, with a combined capacity of over 1,730 MW, have literally “run out of gas”. With ministry of petroleum and natural gas sources confirming that India’s gas output is expected to fall by 35 per cent in this fiscal year and another 12 per cent between 2013-14, the situation is expected to become alarming this summer.
Cheaper alternate fuel gains ground as industry switches from expensive petrol. Diesel consumption in the country jumped 11.9% in February as industries increased the use of the cheap fuel, while curbs
New Delhi In what could give a reprieve to consumers who have been fearing another hike in petrol price, the government has decided to put the proposal in abeyance. According to official sources, oil marketing
Cairn Energy India Pty Ltd. (CEIL), on Tuesday, said it had discovered oil in Nagayalanka-SE-1 well in the onshore block of Krishna-Godavari Basin. CEIL, the wholly-owned subsidiary of Cairn India Ltd. (CIL), has notified the management committee — comprising Director-General of Hydrocarbons, ONGC and Ministry of Petroleum and Natural Gas — of the discovery in the onshore block KG-ONN-2003/1.
New Delhi Declines to give a grace period for completing Paradip refinery project The finance ministry has declined to give a grace period to Indian Oil Corporation (IOC) for completing its Paradip refinery in Orissa that has missed the March 31 deadline for benefiting from the seven-year income tax holiday.
