Petrochemical Industry

Order of the National Green Tribunal regarding an illegal cracker unit in Thanjavur district, Tamil Nadu, 29/05/2025

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 …

Petrol dealers threaten to go on strike in Mumbai on July 2, 3

The Petrol Dealers' Association wants the government to bring oil companies within the ambit of the Rent Control Act Petrol pump dealers in Maharashtra have threatened to observe a two-day strike in Mumbai from July 2, to protest against government policy of withdrawal of protection of petrol pump lands under …

Panel mulls 2-3/L hike in diesel

New Delhi: The ministerial panel on fuels will consider raising diesel and cooking gas prices on Friday in the backdrop of central and state kitties swelling with oil taxes and governmentrun oil marketing companies nearing the end of their financial line. On the panel

Decks cleared for $7.2 bn Reliance-BP deal

SALE OF 30% STAKE IN OIL, GAS BLOCKS Clearing the last hurdle, the Home Ministry has given unconditional approval for UK's BP to buy a 30 per cent stake in Reliance Industries' oil and gas blocks, including the showcase KG-D6 gas fields, for $7.2 billion. The Ministry of Home Affairs …

Ministry clears 30% stake sale in 23 RIL oil, gas blocks to BP

The Home Ministry has given unconditional approval to Reliance Industries for the sale of a 30 per cent stake in 23 oil and gas properties, including the Mukesh Ambani-led firm

Govt showed favour to private oil explorers: CAG draft report

KG Basin, Barmer, Panna-Mukta-Tapti Under Scrutiny New Delhi:The Comptroller and Auditor General (CAG) has said oil ministry and its regulatory arm for oil hunting companies, Directorate General of Hydrocarbons, showed favour to at least three explorers. The draft report, which is awaiting oil ministry

Oil regulator refuses to recognise Reliances three gas discoveries

In a disquieting development for Reliance Industries, oil regulator DGH has refused to accredit three natural gas discoveries made by the company at its KG-D6 block, where revival of the sagging output depends on production from new finds. The Directorate General of Hydrocarbons (DGH) rejected D-30, D-31 and D-34 finds …

Chatterjee readies Rs.4,000 crore projects

Sensing the winds of change blowing through the state, Purnendu Chatterjee, the key promoter of Haldia Petrochemicals Ltd (HPL) is hopeful of being able to make a break with the past and take HPL to the next level. On Monday, he became one of the first industry-chiefs to announce new …

Fresh fuel subsidy to burn R2,000 cr of ONGC profits

Upstream oil major ONGC will have to factor in an additional Rs 2,000 crore hit from a changed subsidy sharing formula for the last fiscal as it comes out with its fourth quarter results in a few days. However, the higher share

PM dedicates Bharat-Oman Refinery to nation

Bhopal, May 20: The Prime Minister Dr. Manmohan Singh dedicated the Rs. 12 thousand crore Bharat-Oman Refinery at Agasod near Bina today. Describing it a world class project he said that it would boost development in and around Bundelkhand region. The revenue of Madhya Pradesh would go up and around …

PM dedicates Bina refinery to nation; package for Bundelkhand

Appreciating the India-Oman collaboration, Prime Minister Manmohan Singh on Friday dedicated the Bina refinery in Sagar to the nation. Besides, he also announced a `7,266 crore package for the underdeveloped Bundelkhand region. The `12,100 crore Bharat-Oman Refinery Limited (BORL) project is situated in Bina or Sagar district. Describing it a …

Oil ministry sticks to full gas supply to priority consumers

New Delhi The petroleum ministry has on Thursday passed a fresh order asking Reliance Industries to fully meet the contracted gas supplies to priority consumers in sectors like fertiliser, LPG, power and city gas distribution in spite of the fall in gas production from the D6 field in the Krishna …

Petrol, diesel prices to be raised again to cover dealers' margins

Petrol prices are set to increase again by Rs 0.40 per litre, while diesel will see an increase of Rs 0.17 per litre, on an increase in dealers

Decision on diesel price hike next week

Finance minister Pranab Mukherjee on Sunday said the Empowered Group of Ministers headed by him would decide on the price hike of diesel, LPG and kerosene when it meets next week.

Abolish Central cess of Rs2 per litre of petrol and diesel: Pune NGO

Even as the state-owned oil companies have hiked prices of petrol from Saturday midnight, the city non-governmental organisations (NGOs) have demanded abolition of cess collected by the Centre on petrol and diesel. President of Sajag Nagrik Manch (SNM), Vivek Velankar has demanded that the Central government should abolish cess of …

Assam cracker project achieves financial closure

Brahmaputra Cracker and Polymer Ltd (BCPL), also known as Assam Gas Cracker Project, has achieved financial closure with a consortium of banks led by Punjab National Bank. Chemicals and fertilizers ministry officials said loan arrangements for Rs 156 crore over and above the capital and feedstock subsidy from the government …

Oilcos Plead for 6/L Hike in Petrol Prices

Chief executives of state-run oil companies have rushed to Delhi to seek Petroleum Minister Jaipal Reddy

Cairn to step up oil production

Cairn India-led Ravva JV is set to increase its production in Krishna-Godavari basin from 38,000 barrels of oil equivalent per day (BOEPD) to 54,000 BOPD after successfully drilling an offshore horizontal well, sources close to the development have said. "Drilling commenced in Ravva field in January and three wells have …

BPCL to Raise Capacity at Bina Refinery to 9MT

State-owned Bharat Petroleum Corp Ltd (BPCL) on Wednesday said it will raise capacity at its just commissioned Bina refinery in Madhya Pradesh to 9 million tones. The six million tonnes a year, or 120,000 barrels per day, unit was commissioned in January this year and will be formally inaugurated by …

Diesel & Petrol may cost 5 more from next week

EGoM to consider oilmin plan on May 11 Fuel prices will rise next week as the government is planning to increase the state-set price of diesel by up to 5 per litre while oil companies are preparing to raise petrol rates by a similar amount after assembly polls end on …

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