Order of the High Court of Rajasthan in the matter of Deepak Acharya Vs Hindustan Petroleum Corporation Limited dated 05/03/2025. The Rajasthan High Court has admitted a petition challenging installation of a Hindustan Petroleum Corporation Limited (HPCL) petrol pump near a crematorium and high-tension line. The NOCs to establish the …
NEW DELHI: India is staring at an energy crisis after December as staterun refineries will start shutting down because they will run out of money to import crude oil, Indian Oil Corp Chairman RS Butola said after declaring the company's biggest quarterly loss. IOC posted the second successive quarterly loss …
The geology department of Vinoba Bhave University will host an Italian MNC-sponsored workshop on Tuesday to train young minds on energy efficiency with a thrust on helping them identify alternative sources of petroleum. As many as 100 students from 25 schools of Hazaribagh district will take part in the two-day …
Faced with scathing criticism from the Opposition parties and its own allies for the latest petrol price hike of Rs. 1.82 per litre, the state-owned oil marketing companies (OMCs) on Friday put the ball back in the government's court stating that they were ready to roll back the latest hike …
Mamata holds out a threat; Congress shares allies' concern Even as the Mamata Banerjee-led Trinamool Congress (TMC), the second largest party in the United Progressive Alliance (UPA), threatened to withdraw support at the Centre if the Union government did not reverse the hike in petrol prices, the Congress stepped into …
Prime Minister Manmohan Singh indicated on Friday that there would be no return to price subsidies despite threats by the Trinamool Congress to withdraw support to his government over the latest decision by oil companies to increase petrol prices. At a press conference held at the close of the two-day …
The PSU oil marketing companies Thursday hiked petrol prices by `1.80 per litre in New Delhi to offset the increase in the cost of crude oil imports. The prices will vary across the country due to local taxes. Among metros, the hike will be the maximum in Chennai, where it …
Hours after state-owned oil companies increased the price of petrol for the second time in less than two months, Mamata Banerjee summoned top party colleagues to an emergency meeting in Kolkata, apparently to decide on delivering a “pullout threat” to the UPA government. The Trinamool has 18 members in the …
With yet another petrol price hike looming large, the Petroleum Ministry said on Wednesday that it was up to the oil marketing companies (OMCs) to decide on the issue since the fuel has been deregulated. On the other hand, Petroleum and Natural Gas Minister S. Jaipal Reddy has sought a …
State-owned oil companies are pressing for a Rs 1.82 per litre increase in petrol prices because of rupee depreciation and hardening of crude oil prices. Public sector oil firms had in September raised petrol prices by Rs 5 per litre. “From today, there are some losses on petrol. To cover …
There is a myth in India that the cost of subsidy to provide energy services to the poor is very heavy. Very often, it is said that the poor are not willing to pay for the services they get and the government has no option but to go on increasing …
Chennai Petroleum Corporation Ltd's (CPCL)'s plan to replace the existing crude pipeline from Chennai Port to its refinery in Manali with a bigger pipe has hit a roadblock. The Environment Ministry has refused the Coastal Regulatory Zone (CRZ) clearance to CPCL's crude pipeline project, citing threat to habitation. CPCL proposes …
Chennai Petroleum Corporation Ltd's (CPCL)'s plan to replace the existing crude pipeline from Chennai Port to its refinery in Manali with a bigger pipe has hit a roadblock. The Environment Ministry has refused the Coastal Regulatory Zone (CRZ) clearance to CPCL's crude pipeline project, citing threat to habitation. CPCL proposes …
“Allowing oil firms to control market will hurt economy” De-regulation by which the three public sector oil companies are empowered to set the price of petrol and other petroleum products has been challenged in a public interest litigation petition in the Supreme Court. The All India Youth Federation (AIYF), represented …
The Centre for Science and Environment had recently pointed out that continued heavy subsidisation of diesel had resulted in people shifting to buying of diesel vehicles. The subsidy on diesel had led to a situation where consumption by private vehicles — passenger cars and SUVs — exceeded consumption by the …
High petrol prices should be a wake-up call for India’s policymakers and citizens. Currently, India spends $112 billion a year to import nearly 120 million tonnes of crude oil and petroleum products. India’s production of crude oil, meanwhile, has remained steady at only around 36-38 million tonnes for several decades. …
The UAE has the potential to invest up to $76 billion in projects to develop its hydrocarbon sector over the next five years to become the second largest Arab energy investor after Saudi Arabia, overtaking Iran, a news report has said. Official estimates showed energy capital investments in the Middle …
Hot on the heels of a sharp increase in petrol prices, Compressed Natural Gas (CNG) prices were hiked by Rs. 2 per kg on Friday, mainly on account of a fall in the rupee value against the US dollar, pushing up the cost of inputs. Indraprastha Gas Limited (IGL), the …
New Delhi: The price of CNG in the capital will go up by Rs 2 per kg from Oct 1, dealing another blow to consumers after the hike in petrol prices. Everyone from auto drivers, taxi unions, housewives to office-goers, expressed anger over the hike. Life has become even more …
The government on Friday upped the price of three major petroleum products by five per cent effective from today (Saturday). The maximum increase has been made in the price of petrol, which is Rs 4.15 per liter, while the price of High Octane Blending Component (HOBC) has been increased by …
A senior official of Ceylon Petroleum Corporation has said that so far no compensation has been paid to any of the vehicle owners whose vehicles got damaged due to the substandard fuel sold by the CPC, a local Sinhala language newspaper The Divaina reported. The issue of the controversial stock …
