Order of the National Green Tribunal in the matter of News Item titled "2 killed in blast at illegal cracker unit in Thanjavur appearing in The Hindu dated 19.05.2025". The application is registered suo-motu on the basis of the news item titled 2 killed in blast at illegal cracker unit …
A Chinese state-run oil company’s offer of tenders to foreign partners for nine oil blocks in the South China Sea has triggered a protest from Vietnam, amid rising tensions between China and several of its neighbours over the disputed region. Vietnam, which had earlier angered China by entering into joint …
Declare subsidy upfront; give sops to private refiners too. A fortnightly or monthly revision in diesel prices by only Re 1 a litre in tandem with international prices may sound like music to public sector oil marketing companies, but not so for the consumers. An official panel working on ‘Policy …
Ecuadorean plaintiffs have filed a second lawsuit outside the Andean country, this time in Brazil, in a bid to enforce an $18 billion court ruling against U.S. oil company Chevron for polluting the Amazon, their lawyers said on Wednesday. The 2011 judgment against Chevron is one of the biggest rulings …
PCB clueless on source of illegal dumping of chemicals About 2.48 crore litres of effluents generated by nearly 55 industrial units in Eloor and Edayar are let out into the Periyar River daily after primary treatment, against the prescribed norm of ‘zero discharge’ by industries to prevent pollution of rivers. …
Mumbai London-listed Essar Energy said it has reduced its dependence on crude imports from Iran for its refinery in Gujarat, amid mounting US pressure to curtail Iranian imports. “Our imports today from Iran is in very small quantities, as an expansion at our Vadinar refinery enables us process ultra-heavy crude …
More than six months since it has received expression of interests (EoI) from private operators, ONGC now proposes to farm out operating interests in four coal-bed methane assets. According to sources, the proposal was placed during the E&P; major’s last board meeting. Sources told Business Line that though the issue …
Mismatch In Favour Of Production 1st Time Since ’04-05, Prices Drop 25% In 4 Months New Delhi:Strange things are happening in the world of oil. Crude prices have dropped more than 25% in the past four months. Global oil consumption has dropped below global production for the first time since …
Petrol price will come down by 92 paise while cost of diesel will go up by 37 paise from midnight Sunday in the capital, with the Delhi government issuing a notification adjusting the Value Added Tax (VAT) on the two fuels. Petrol will cost Rs. 70.24 per litre from current …
New DelhiPetronet LNG, the country’s largest gas importer of liquified natural gas (LNG), is planning to raise around R4,500-5,000 crore over the period of next three years for its proposed terminal at Gangavaram Port in Andhra Pradesh. The company also intends to increase 5 million tonne additional capacity for it’s …
Mumbai:Petrol car owners may soon heave a sigh of relief as oil marketing firms are expected to cut the prices by up to Rs 2 per litre on Friday due to international crude prices declining. Crude prices, which fell to $96.5 per barrel on Wednesday, the lowest level in the …
New Delhi: British energy major BP Plc has sought a free market pricing regime for natural gas to check India’s growing dependence on imports and prevent investments in the exploration and related oilfield service business moving out of the country. The low domestic gas price set by the government is …
A biofuels company set up in Brazil by oil giant Shell has signed a landmark agreement giving up plans to buy sugar cane grown on indigenous lands. The company, Raizen, was obtaining some of the raw material for ethanol from farmers who encroached on the lands of the Guarani people …
The Competition Commission of India (CCI) has questioned the coordinated pricing strategy of state-owned oil marketing companies (OMCs). It plans to write to these companies over the matter soon. “The coordinated approach of OMCs is not only impacting consumer interest, it is also likely to create entry barriers for private …
In line with the falling global prices, petrol may be made cheaper by around Rs 2 a litre later this week, creating political legroom for a diesel price revision. This will be the second price cut in the month after the Rs 7.54 increase last month triggered strong political opposition. …
With the Rs 28,000-crore refinery project of Indian Oil Corporation Ltd (IOCL) at Paradip under a cloud of delay, the Odisha government has decided to ink an MoU (Memorandum of Understanding) with the oil marketing firm to stipulate timeline and milestones for commissioning of the project. IOCL being the anchor …
The National Green Tribunal (NGT) has asked the ministry of environment and forests (MoEF) to quantify the environmental damage caused by the sinking of the Panama-owned vessel MV Rak, which sank off the coast of Mumbai last year. Not only did the sinking of MV Rak result in a massive …
Auto-makers favour hike in prices of diesel and oppose higher excise duty on diesel cars The finance ministry has asked auto-makers to provide production and sales data of diesel vehicles, even as the industry protested any move to raise excise duty on such vehicles, citing country’s fragile economic environment. Unable …
Freeing up petro product pricing and marketing will end the practice of oil companies making false claims of losses State oil companies are making a brave but laughable attempt to convince people that they acted very logically when they inflicted consumers with the highest-ever increase in petrol prices last month …
Uriamghat, June 6: Oil & Natural Gas Commission Ltd (ONGC) setting up shop along the inter-state border with Nagaland in both Jorhat and Golaghat districts has given Assam the muscle to protect its land in the disputed areas, which are constantly under threat of encroachment from across the border. Upper …
The Planning Commission has proposed a slew of changes in the prevalent duty structure for the petrochemical industry for the new Plan period (2012-17). To begin with, it has urged the central government to establish single national level value-added tax (VAT)/ goods and services tax (GST) on plastic and articles …
