Major push in gas infra expansion being achieved through state policies, says PNGRB
TVS Motor Company on Thursday expanded its electric commercial vehicle range with the introduction of a three-wheeler for the cargo segment. The company had forayed into the electric three-wheeler segment earlier this year with the launch of the King EV MAX to cater to the passenger segment. TVS King Kargo HD comes with a driving range of 156 km and is priced at Rs 3.85 lakh (ex-showroom). TVS Motor Company Head Commercial Mobility Business Rajat Gupta said the model would also be launched in CNG trim later this year. He noted that electric models are witnessing robust acceptance and the segment is likely to account for 60 per cent of the overall three-wheeler market by 2030. Gupta noted that EV models sold around 20,000 units last year, which is roughly 31 per cent of the overall 60,000-unit three-wheeler market. "As far as the cargo segment is concerned, around 10,000 units are getting sold each month, with diesel accounting for 50 per cent and EV and CNG accounting for 25 per
Adani Total Gas Ltd on Monday reported an 8 per cent fall in its June quarter net profit after a cut in supply of cheaper domestically produced gas led to higher input prices. Net profit was Rs 162 crore in April-June - the first quarter of 2025-26 fiscal year - compared with Rs 177 crore a year back, according to a company statement. Cost of natural gas, which the firm converts into CNG for sale to automobiles and pipes to household kitchens for cooking, rose 31 per cent to Rs 1,049 crore in the quarter. This is because lower allocation of cheaper domestic gas, called APM for CNG segment, had to be replaced with high-priced gas from other sources. Revenue from operations rose by 21 per cent to Rs 1,491 crore "on account of the higher volume, primarily on CNG segment," the firm said. During the quarter, the firm added one CNG station to take the network strength to 650 and expanded piped connection to 9.90 lakgh by adding 26,869 new homes. Combined CNG and piped natural gas (PNG)
According to a report by Equirus, CNG has been steadily increasing across regions over the past one year, with the East region led by Bihar witnessing a significant increase
Under the strategic alliance, ATGL fuel stations will retail Jio-bp's high-performance petrol and diesel, while Jio-bp outlets will host ATGL's CNG dispensing units within its geographical areas
Only BS-VI CNG, LNG, EV goods vehicles to be allowed into Delhi from November 1, 2025; ban will not apply to vehicles registered in Delhi, Centre tells SC
The company, a joint venture of Adani Group and French oil major TotalEnergies SE, said its consolidated net profit fell about 8 per cent to Rs 1.55 billion
The government will now allocate natural gas to CNG and piped cooking gas retailers two quarters in advance to give city gas companies greater clarity, the Oil Ministry said Friday. With city gas retailers like Indraprastha Gas Ltd, Mahanagar Gas Ltd and Adani-Total Gas Ltd reporting pressures on margins after the allocation of cheaper administered price or APM gas to them was cut without giving enough advance notice, the ministry decided to tweak the allocation policy. "From Q1 (first quarter) of FY 2025-26 (April 2025 to March 2026 financial year), domestic natural gas allocations for CNG (Transport) and piped natural gas (domestic household cooking gas) segments will be done on a two-quarter advance basis," the ministry said in a statement. Besides the lower-priced APM gas produced from old fields given on a nomination basis, the allocation will also now include gas from new wells drilled on the nomination fields of state-owned Oil and Natural Gas Corporation (ONGC) and Oil India
The government has cut the supply of lower-cost APM gas to city gas distributors such as Indraprastha Gas Ltd, Mahanagar Gas Ltd, and Adani Total Gas Ltd, by up to 20 per cent, replacing the shortfall with more expensive fuel. GAIL (India) Ltd, the state-owned nodal agency for gas supply, has intimated about a cut in supply of gas from legacy fields, called Administered Price Mechanism (APM) gas, the three city retailers said in separate stock exchange filings. The production of APM gas, which is currently priced at USD 6.75 per million British thermal unit, is declining at the rate of 9-10 per cent annually as recovery from old and ageing fields falls. Oil and Natural Gas Corporation (ONGC) is investing in drilling more wells to maintain the output, but that additional cost is reflected in a higher price of the gas thus produced. Such gas is called new well gas and is priced at about USD 8 per mmBtu. In the last one year, APM gas supplies to city gas retailers have been cut by alm
The draft of electric vehicle (EV) policy 2.0, which is likely to be announced soon by the Delhi government, recommends the phasing out of CNG-driven autorickshaws, officials said on Monday. As per the draft EV Policy 2.0, no CNG autorickshaw registration will be allowed from August 15 this year. The CNG auto permits will not be renewed from August 15 this year and all such permits will be substituted or re-issued with only e-auto permits. The draft of policy also recommends phasing out fossil fuel-driven vehicles carrying solid waste deployed in large numbers by the civic bodies and city buses. All the CNG auto-rickshaws above 10 years old will be mandatorily replaced or retrofitted to be run on batteries during the policy period. In a strong recommendation, the draft policy also lays down that two wheelers running on petrol, diesel, CNG will not be allowed from 15 August, 2026. Similarly, it recommends that no diesel, petrol, CNG three-wheeler registration will be allowed in ca
In a significant change to regulations, oil and gas regulator PNGRB has proposed a new policy of how tariffs for pipelines carrying gas to users will be determined, and proposed charging city gas entities selling CNG and piped cooking gas to households at the lowest rates. The Petroleum and Natural Gas Regulatory Board (PNGRB) has floated a public consultation document for changing the zonal tariffs levied on pipelines that carry natural gas from fields producing it or from import ports, to users such as power plants that make electricity from it, or fertiliser units that manufacture urea from it, or city gas entities that turn it into CNG for sale to automobiles and pipe it to household kitchens for cooking purposes. "In yet another far-reaching reform for bringing investments and to increase the gas consumption especially in CNG and domestic piped natural gas (one used in household kitchens for cooking) in the country, PNGRB has brought a proposal for reducing the price of piped ..
Continued geopolitical tensions will keep Europe's demand high in CY25
One CBG plant offsets emissions equal to 1.5 lakh electric cars, study finds
Commercial vehicle maker SML Isuzu has forayed into the electric vehicle business with the launch of Hiroi.ev platform for commercial buses that are expected to be rolled out in the April-June quarter this year, a senior company official said. While admitting the continuing dominance of diesel, petrol, CNG-based vehicles, the company expects the government's sustainability targets and programmes to push demand for EV buses and bring down cost of production with large volumes. "As we introduced our first ever EV bus, I think technology is available and we are ready for implementation. We think this is the right time to roll out EVs. India is one of the most promising markets in the world. Indian government plans for 30 per cent EV penetration in total sales by 2030 will provide us strong support for growth in EV buses," SML Isuzu, MD and CEO, Junya Yamanishi said at Bharat Mobility Global Expo. The company's Hiroi.ev bus platform has been designed for intra and inter-city ...
The model has enjoyed strong demand from both the fleet market and private buyers, maintaining its position as India's bestselling car for the last three years
The enforcement of Stage IV of GRAP, which bans BS-3 and BS-4 diesel vehicles, has disrupted travel and transportation, particularly for those engaged in the wedding business. The Central Pollution Control Board imposed GRAP-IV measures after Delhi's air quality index (AQI) entered the 'severe' category on Sunday. The restrictions, which came into effect at 8 AM Monday, aim to curb pollution caused by older diesel vehicles. However, the measure has had unintended consequences. Travel agencies report a sharp rise in demand for BS-6 and CNG vehicles, including cars like Ertiga, Innova, and traveller buses, as they scramble to meet commitments made before the ban. "The wedding season has added to the pressure. Many vehicles were pre-booked months in advance, and with this sudden ban, we had to scramble to adjust," said Sewak Tuar, a travel agency owner. "We are struggling to arrange new vehicles, the petrol, CNG, and BS-6 compliant ones, as weddings and transportation needs are bein
Fresh upgrades in sedans likely to attract entry SUV buyers and pre-owned car buyers
City gas companies like Indraprastha Gas Ltd and Adani Total Gas Ltd are mulling an increase in CNG prices after supplies of cheaper input gas was cut for the second time in a month, but the government officials say the retailers must give a cost breakup to justify the hike. The government, with effect from November 16, cut supplies of low-priced natural gas coming from old fields to city gas retailers by up to 20 per cent. This reduction came on the back of a 21 per cent reduction on October 16. City gas retailers IGL, which retails CNG in national capital and adjoining cities, Mahanagar Gas Ltd that does the same in Mumbai, and Adani Total Gas Ltd which operates in Gujarat and elsewhere, in regulatory filings flagged profitability concerns due to supply cut and hinted at price hike. Officials in the ministry of petroleum and natural gas however are unimpressed as they feel the retailers operate on "hefty" margins and can easily absorb the additional cost they may have to incur on
The government has for the second time in a month cut supplies of cheaper domestically produced natural gas to CNG retailers, who have warned of their profitability being hit. Indraprastha Gas Ltd - the firm that retails CNG to automobiles and piped cooking gas to households in the national capital and adjoining cities - in a stock exchange filing said domestic supplies have been cut by about 20 per cent effective November 16. Previously, supplies had been cut by about 21 per cent effective October 16. "Based on another communication received by the company from GAIL (India) Ltd (the nodal agency for domestic gas allocation), this is to inform that there has been further reduction in domestic gas allocation to the company effective from November 16, 2024. The revised domestic gas allocation to the company is approx. 20 per cent lesser than previous allocation which will have an adverse impact on profitability of the company," IGL said. IGL gets domestic gas allocation for meeting t
Arvindar Singh Sahney will be the new chairman of Indian Oil Corporation, the nation's largest oil firm, according to an order issued by the petroleum ministry on Wednesday. Sahney, 54, is currently Executive Director (Business Development - Petrochemicals), Indian Oil Corporation Ltd (IOC). He was in August selected to be the company's director for business development but has now been appointed as the chairman of the firm. "The Appointments Committee of the Cabinet (ACC) has approved the proposal of this ministry for appointment of Shri Arvindar Singh Sahney, Executive Director, IOC to the post of Chairman, IOC, for a period of five years with effect from the date of his assumption of charge of the post, or till the date of his superannuation, or until further order, whichever is the earliest," the Ministry of Petroleum and Natural Gas said in an order. The post of chairman IOC fell vacant after Shrikant Madhav Vaidya completed his extended tenure on August 31, 2024. Currently, .