Order of the National Green Tribunal in the matter of In Re: News Item Titled "Neglected Katora Houz in Hyderabad’s Golconda Fort Cries for attention appearing in ‘The Siasat Daily’ dated 25 May 2025". The application was registered suo-motu based on the news item titled “Neglected Katora Houz in Hyderabad’s …
The two moves to cut OMCs' underrecovery by Rs 20,300 cr this year In the second major oil sector reform after petrol decontrol of June 2010, the government on Thursday capped subsidised domestic liquefied petroleum gas (LPG) for a consumer to six per year. For a consumer using 12 LPG …
The Appellate Tribunal for Electricity (ATE) on Wednesday issued notices to the three PSU oil marketing companies IndianOil (IOC), Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL) on petitions filed by Reliance Industries, Essar Oil and Shell. The three companies have challenged the dismissal of their plea by sector regulator Petroleum …
The Unique Identification Authority of India (UIDAI) will take up the implementation of the innovative direct transfer of subsidy scheme on a pilot basis in Mysore from the second week of this month. The UIDAI has informed all banks that it will start crediting the subsidy amount to the beneficiaries’ …
Forced to scale down petroleum retail operations, Reliance Industries Ltd and Essar have taken their predatory pricing complaint against government oil marketing companies (OMCs) to the Appellate Tribunal for Electricity. In July, the PNGRB (petroleum and natural gas regulatory board) had dismissed a plea of these private fuel retailers against …
New Delhi GAIL India has moved the Supreme Court challenging the Appellate Tribunal for Electricity order that upheld the PNGRB’s decision to accept the technical bid of the Gujarat State Petronet-led consortium for laying the R5,000-crore Mallavaram-Bhopal-Bhilwara-Vijaipur gas pipeline project. GSPL, which currently operates about 2,000 km of pipelines in …
Petrol pricing may officially be out of the government’s control, but a veiled intervention by the government has resulted in Indian Oil Corp and other state-run oil marketing firms Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) differing on what is the best solution. BPCL and HPCL …
New Delhi After three consecutive price cuts in petrol since the first week of June, oil marketing companies IOC, HPCL and BPCL on Monday raised the price by 70-89 paise a litre citing increase in global oil prices and movement in the rupee-dollar exchange rate. With this price revision, petrol …
Mumbai The consortium comprising Gujarat State Petroleum Corporation (GSPC), Oil and Natural Gas Corporation (ONGC), Bharat Petroleum (BPCL) and Oil India (OIL) is likely to sweeten its bid for British Gas’ (BG) 65.12% stake in the Rs. 2,500-crore Gujarat Gas Company, ending months of impasse over the valuation of India’s …
Do you have more than one cooking gas connection at home? If yes, you better watch out. National oil companies — Indian Oil, Bharat Petroleum and Hindustan Petroleum — have begun the process of identifying those with multiple connections. Such customers must either surrender the extra connections or face the …
Aims to unseat Maharashtra from second spot in country The State would soon dislodge Maharashtra from the second spot in biofuel production in the country, by increasing its production to 200 million litres by this year end, said Y B Ramakrishna, executive chairman of Karnataka State Biofuel Development Board (KSBDB) …
New Delhi The sharp fall in petrol prices in Asian markets paved the way for oil marketing companies to reduce petrol prices by R2.46 per litre to R3.22 per litre to provide a much needed relief to consumers. This is the second consecutive price cut by the oil marketing companies …
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 …
Private oil companies, which have been pushed out of the fuel retail market because of cheap sales by state-run rivals, are having the last laugh as diesel demand has risen so rapidly that public-sector firms are forced to buy more fuel from Reliance and Essar at international rates. State oil …
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 …
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 …
State-owned Bharat Petroleum Corporation (BPCL) and Videocon Industries’ Mozambique block may have up to 100 trillion cubic feet (tcf) of in-place gas reserves, operator Anadarko Petroleum Corp said on Monday. Bharat PetroResources, a wholly-owned subsidiary of BPCL, and Videocon Hydrocarbon Holdings, a wholly-owned subsidiary of Videocon Industries, hold 10 per …
The Bombay high court on Wednesday directed the Ministry of Oil and Natural Gas and three oil companies to file an affidavit explaining the reasons for the recent price hike of petrol by Rs7.50 per litre. The affidavits have to be filed by the Ministry, Indian Oil, Hindustan Petroleum and …
Keeping in mind the rising incidents of oil spills around Mumbai, the Mumbai Port Trust (MbPT) has now invited global bids to outsource the work of oil spill response facilities for a period of five years. The oil spill response facilities will help the Mumbai Port Trust and Jawaharlal Nehru …
New Delhi State-owned fuel marketers IOC, HPCL and BPCL on Thursday ruled out an immediate rollback of the steepest petrol price increase of R7.5-R8 a litre from Thursday night but conceded that if the government instructs them to cut prices, they have no other go but to follow their majority …
India's state-run upstream oil firms will bear nearly 40 percent of the 1.38 trillion rupee ($25 billion) cost of retail fuel subsidies for the 2011/12 year, a government source said on Monday. Oil and Natural Gas Corp (ONGC), Oil India Ltd and GAIL (India) sell refined products and crude oil …
