| Domestic fuel consumption jumps 12% | 21-NOV-09 |
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| India’s fuel consumption rose 12 per cent in October, the highest growth rate this financial year, on the back of a surge in demand for auto fuels — petrol and diesel. |
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| No immediate plans to hike fuel prices: Govt | 19-NOV-09 |
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| The government has no immediate plans to raise petrol and diesel prices even though raw material costs have surged to their highest level this year, Petroleum Secretary R S Pandey said today. |
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| OilMin gets to work on sale of ethanol-blended petrol | 13-NOV-09 |
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| A day after receiving a rap from the Union Cabinet, Oil Minister Murli Deora today called a meeting of fuel retailers and sugar millers to ensure compliance with a programme to sell ethanol-doped petrol. |
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| CCEA asks oil ministry to ensure 5% ethanol blending by OMCs | 12-NOV-09 |
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| The government today asked the Petroleum Ministry to ensure that oil companies compulsorily sell petrol doped with 5 per cent ethanol. In November 2006, the government had mandated that ethanol should be blended in a 5 per cent ratio with petrol to be sold throughout India except in areas like North Eastern states and Jammu and Kashmir. |
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| Mittal, ONGC decide to wind up trading arm OMSEL | 10-NOV-09 |
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| Steel tycoon Lakshmi N Mittal and the Oil and Natural Gas Corporation (ONGC) have decided to wind up a firm they had set up four years ago for trading in oil and gas as the joint venture has failed to take off, allegedly due to lack of interest from the state-run firm. |
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| OMCs turn to CPs, debentures as credit needs rise | 06-NOV-09 |
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| Oil marketing companies (OMCs) are increasingly going in for debentures and commercial papers for meeting their short-term credit requirements. The largest petroleum marketer, Indian Oil Corporation, has raised around Rs 5,000 crore and Hindustan Petroleum Corporation has raised Rs 2,000 crore through sale of commercial papers (CPs) over the past two months. Bharat Petroleum Corporation recently raised Rs 1,000 crore through debentures. |
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| To take over as MD of Chennai Petroleum | 06-NOV-09 |
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| K Balachandran, director – operations, Chennai Petroleum Corporation Ltd (CPCL), will take over as company’s new managing director with effect from December 1, 2009. He will succeed KK Acharya, who is likely to join the Ministry of Petroleum and Gas, according to company sources. |
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| IOC to increase R&D spend to Rs 200 cr | 06-NOV-09 |
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| Public sector oil major Indian Oil Corporation (IOC) will double its spend on research and development (R&D) to Rs 200 crore from the next financial year to help the company explore new opportunities and technologies. |
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| High-level committee to probe IOC fire | 30-OCT-09 |
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| A high-level committee of the Petroleum Ministry will probe the causes behind the fire at the IOC fuel facility on the outskirts of the city and suggest future safety measures at oil and gas depots. |
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| GSPC in talks with Gazprom, STG for exploration, J&K pipeline | 30-OCT-09 |
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| Gujarat State Petroleum Corporation is in tie-up talks with Russia's oil and gas major Gazprom for exploration of hydrocarbon blocks both in India and Russia. Besides, it is also exploring possibilities of roping Gazprom for its proposed 20 MMTPA LNG terminal at Mundra. |
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| Booking for rail travel rapidly going online | 26-OCT-09 |
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| With Indian Railway Catering and Tourism Corporation (IRCTC) and travel portals pushing sale of online rail tickets, the share of IRCTC in the reserved ticketing revenues of Indian Railways has gone up to 40 per cent in the first two quarters of this year, from around 25 per cent last year. |
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