In 2022-23, India’s LPG consumption was 28.5 million tons (MT) and production was 12.8 MT. At over 41.1 percent, LPG imports accounted for the largest share of petroleum product imports in 2022-23. Domestic LPG consumption accounted for over 89 percent of total consumption. The adoption of LPG by low-income households …
New Delhi: Finance minister Pranab Mukherjee on Monday hinted at a hike in diesel and cooking gas (LPG) prices after the Budget session, saying political consensus for this will be built after the session. “... After the Budget session is over, I shall discuss with various state governments, chief ministers, …
Three or more couples sleep under one roof in around 1.37 lakh houses while more than nine people live together in a single house in over two lakh dwellings in the national capital. These and other statistics are part of the 'Census of Houses, Household Amenities and Assets 2011' released …
The government’s plans to reign in petroleum subsidies to plug the fiscal deficit next financial year are in jeopardy, as a whopping Rs 2.13 lakh-crore revenue loss is expected at the current levels of global crude oil prices and domestic retail prices of controlled products. Non-revision of diesel, LPG and …
Half the country’s population may not have a toilet at home but it is not without a mobile phone. Bringing to light this feature of the population, Census 2011 data on houses, household amenities and assets released today said 49.8 per cent of households defecated in the open. But 63.2 …
New Delhi State-owned oil marketing companies IOC, HPCL and BPCL are evaluating a revision in the price of petrol to address a loss of R5 on every litre sold as the code of conduct restrictions related to assembly polls are over now. Company executives said they cannot give the exact …
No fresh taxes except on tobacco products y VAT on cooking gas, fertilisers goes y Sops for IT, science, Finance Minister Abdul Rahim Rather today presented a "zero deficit" budget for 2012-13. Except proposing a hike on tobacco products and liquor, the Finance Minister announced various sops for the common …
The “Indian Petroleum & Natural Gas Statistics” presents comprehensive statistics on various aspects of Indian Petroleum & Natural Gas Industries. The data on international developments in respect of the important segment of Petroleum and Natural Gas Industries have also been presented in the publication. The Statistics presented in this publication …
India has historically subsidized energy with the objective of protecting its consumers from international price volatility and providing energy access for its citizens, especially the poor. However, energy subsidies place a heavy burden on government budgets, while often failing to reach their targeted beneficiaries. This guide focuses on the scale …
New Delhi To serve the expected addition in refining capacity and to partly replace any shortfall in crude oil supplies from Iran, India has sought an additional 5 million tonne of crude oil from Saudi Arabia. India has also sought investments from Saudi firms in its new petrochemical and refinery …
The price of diesel could increase substantially if the government is to accept the Prime Minister Economic Advisory Council’s advice. “There is an overdue need to make some adjustments in the price of diesel, even if this is done in a phased fashion,” said the council in its Review of …
The High Court of Karnataka on Wednesday ordered issue of notices to the Central and State governments in connection with a petition seeking allocation of a gas agency to the coastal pilgrimage and tourist town of Gokarna. The petitioners, Shankar J Markhande and two others, had moved the High Court …
Forty per cent of the cars sold in the country are now powered by diesel. The fact that it is 40 per cent cheaper than petrol is the obvious reason. But now diesel has a company — CNG or compressed natural gas which is also witnessing sizeable growth. About 6 …
Delhi residents are ahead of the others in terms of earning and spending, says a new government survey. At nearly Rs 1.16 lakh, the average annual per capita income of Delhiites is the highest in the country, and at Rs 33,732, the annual per capita expenditure too is the highest, …
Oil Minister S Jaipal Reddy today ruled out deregulation of diesel prices and said he had demanded that the government compensate state-owned oil firms for the losses they made on not raising prices of petrol. "Deregulation of diesel in entirety is very difficult proposition but at appropriate time we may …
With the Finance Ministry still to come out with a final formula on sharing the fuel subsidy burden, the government has asked upstream oil companies Oil and Natural Gas Corporation (ONGC), Oil India Limited (OIL) and GAIL India to give about Rs. 36,900 crore in fuel subsidy during April to …
The latest data put together by the Centre for Science and Environment (CSE) trashes the automobile industry contention that personal cars account for only 0.6 per cent of India’s diesel consumption. Estimates recently released by the Society for Indian Automobile Manufactures (SIAM) and the 12th Planning Working Group on Petroleum …
NEW DELHI: Automobile major Hyundai Motor Monday launched three new liquified petroleum gas (LPG) powered variants of its hatchback Eon D-Lite plus, Era plus and Magna plus priced between Rs.2.98 lakh and Rs.3.42 lakh. "The D-Lite plus offers a host of features, all for less than Rs.3 lakh. Similarly, Era …
The purpose of this Petroleum Exploration and Production Policy 2012 (Policy) is to establish the policies, procedures, tax and pricing regime in respect of petroleum exploration and production (E&P;) sector.
New Delhi Companies in fertilisers and LPG, which are largely immune to the supply crunch on natural gas due to the stagnating output from the KG D6 block, could soon face serious input shortages. In a move that could worsen the investment scenario in the economy, the petroleum ministry has …
Standing Committee on Petroleum & Natural Gas present this ninth report on "Challenges of Under-recoveries of Petroleum Products". The term "under-recovery" has been used by the Government for "losses" experienced by the public sector oil marketing companies due to incomplete cost recovery on selling of petroleum product in the market. …
