Page 2 - Lpg

Saudi to invest in 2 refineries in India; strengthen crude oil, LPG supply

Both nations to collaborate on India's Strategic Petroleum Reserve, expand talks on green hydrogen

Can the oilfields amendment Bill allay concerns, attract global drillers?

India imports nearly 90% of its crude oil, half of its natural gas, and over 60% of LPG

India eyes ending import tax on US ethane and LPG in trade talks: Report

India levies import taxes of 2.5 per cent on ethane, mainly used as a feedstock for producing petrochemicals, and propane and butane

Datanomics: After deflation of 18 months, LPG may see retail inflation now

The retail price deflation in LPG (excl conveyance) was as high as over 24 per cent for each of the first five months of 2024-25

Govt hikes LPG cylinder price by Rs 50 citing rising global gas costs

Decision forced by Rs 41,338 crore losses for OMCs, will be reviewed in 2-3 weeks

LPG prices hiked by ₹50/cylinder for Ujjwala, general category customers

The price of a 14.2-kg LPG cylinder will rise from ₹803 to ₹853 for general consumers, and from ₹503 to ₹553 for Ujjwala scheme users

India to build world's longest LPG pipeline by June to cut costs, mishaps

Indian Oil, Bharat Petroleum Corp. and Hindustan Petroleum Corp. have jointly formed IHB to lay the 2,800-kilometer-long pipeline from Kandla on the west coast to the northern city of Gorakhpur

Capital expenditure to weigh on oil marketing companies' cash flows

Despite no Budget FY26 provisions, OMCs may be partially compensated for LPG under-recovery

Explosion at a beachside resort in Hawaii injures 7 people, scatters debris

A suspected gas explosion in the grill area of a Hawaii beachside resort has injured seven people, including three in critical condition, according to hotel management and police on Maui. The explosion Thursday night left a pile of debris at The Whaler on Kaanapali Beach, a popular tourist area where a string of hotels, timeshares and rental properties line white sands. It's a few miles north of downtown Lahaina, which almost completely burned in a deadly 2023 wildfire. People in the surrounding area did not have to evacuate, the Maui Police Department said, and preliminary investigations suggested liquefied petroleum gas, which supplies barbecue grills in the resort's common area, was involved in the explosion. The seven injured people ranged in age from 18 to 74, police said. Video of the area shared on social media shows an explosion happening outdoors near a swimming pool, and that debris was scattered near the beach. The Whaler said the blast happened at their Tower One barbec

Union Budget explained: How it could shake up your household expenses

From food and fuel to healthcare and energy, the Union Budget influences prices through subsidies, tax changes, and government spending

Govt cuts natural gas quota for LPG production, diverts to city retailers

The government has slashed allocation of natural gas used for LPG production, and diverted the low-priced fuel to city gas retailers like Indraprastha Gas Ltd and Adani-Total Gas Ltd to meet a part of their requirement for CNG/piped cooking gas supplies, according an official order. The government had in October and November last year cut supplies of low-priced natural gas coming from old fields such as Mumbai High and Bassein fields in the Bay of Bengal, to city gas retailers by as much as 40 per cent in view of limited output. This led to city gas retailers hiking CNG prices by Rs 2-3 per kg and threatening more increases as they replaced lost volumes with higher-priced input fuel. The price hike made CNG less attractive when compared to alternate fuels like diesel. To resolve this, the Ministry of Petroleum and Natural Gas in a December 31 order rejigged some allocations of gas produced from below ground and undersea. The ministry ordered a cut in gas supplied to state-owned GAI

Jaipur inferno: Tanker driver appears before police, to be probed by SIT

The driver of an LPG tanker that was involved in an explosion here last week which claimed 13 lives has appeared before police and will be questioned by the Special Investigation Team (SIT) probing the case, a senior official said on Tuesday. The driver, Jaiveer (40), a resident of Mathura in Uttar Pradesh, managed to get out of the tanker in time after sensing the impact of the collision, which broke the tanker's outlet nozzles. According to police, Jaiveer called Delhi-based tanker owner Anil Panwar after the incident and then switched off his phone. "We cannot blame the tanker driver immediately as the container truck driver had hit his vehicle. He saw that the tanker's nozzles had broken and realised that there could be an explosion as other drivers were turning on the ignition of their vehicles. So, he fled to save his life," said Deputy Commissioner of Police (West) Amit Kumar. An FIR was registered in the matter on December 20, the day the explosion took place, and now the .

Commercial LPG prices hiked by Rs 16.5, jet fuel costlier by 1.45%

Jet fuel, or ATF, price on Sunday was hiked by 1.45 per cent and rates of commercial LPG used in hotels and restaurants increased by Rs 16.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends. The aviation turbine fuel (ATF) price was increased by Rs 1,318.12 per kilolitre, or 1.45 per cent, to Rs 91,856.84 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel retailers. This is the second straight monthly increase in jet fuel prices. Rates were increased by Rs 2,941.5 per kl (3.3 per cent) on November 1. That hike came after two rounds of reduction which had taken the rates to their lowest level this year. ATF price on October 1 was cut by 6.3 per cent (Rs 5,883 per kl) and by Rs 4,495.5 per kl, or 4.58 per cent on September 1. The ATF price in Mumbai was increased to Rs 85,861.02 per kl on Sunday from Rs 84,642.91 previously. Oil firms also increased the price of commercial LPG b

Arvindar Singh Sahney will be new chairman of Indian Oil Corporation

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, .

The petrochemical shift that could quench LPG production thirst

IndianOil's petrochemical strategy is primarily based on utilising captive feedstocks, he said

Commercial LPG rate up by Rs 6.5 per cylinder, jet fuel price hiked 2%

Jet fuel, or ATF price, on Thursday was hiked 2 per cent and the rate of commercial LPG used by hotels and restaurants by Rs 6.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends. Aviation turbine fuel (ATF) price was hiked Rs 1,827.34 per kilolitre, or 1.9 per cent, to Rs 97,975.72 per kl in the national capital, according to a price notification of state-owned fuel retailers. This is second straight monthly increase in jet fuel rates. ATF prices were on July 1 hiked by 1.2 per cent (Rs 1,179.37 per kl). That increase followed a steep 6.5 per cent (Rs 6,673.87 per kl) reduction effected on June 1. The ATF rate in Mumbai was increased to Rs 91,650.34 per kl on Thursday from Rs 89,908.31 previously. Prices differ from state to state depending on the incidence of local taxes. Alongside, oil firms increased the price of commercial LPG by Rs 6.5 to Rs 1,652.50 per 19-kg cylinder. The increase follows four monthly price reductions, the last on

Aadhaar-based eKYC for LPG users by OMCs: Here's all you need to know

The Indian government has initiated Aadhaar-based eKYC authentication for LPG customers

Bharat Petroleum, Vitol Asia among eight bidders for Sri Lanka LPG terminal

Litro holds the largest market share in Sri Lanka's duopoly LPG market that is mostly focused on domestic gas supplies

Govt hikes jet fuel price by 1.2%, reduces commercial LPG by Rs 30

Jet fuel or ATF price on Monday was hiked by 1.2 per cent while that of commercial LPG used by hotels and restaurants cut by Rs 30 per 19-kg cylinder in line with international oil price trends. Aviation turbine fuel (ATF) price was hiked by Rs 1,179.37 per kilolitre, or 1.2 per cent, to Rs 96,148.38 per kl in the national capital, according to a price notification of state-owned fuel retailers. The increase followed a steep 6.5 per cent (Rs 6,673.87 per kl) reduction effected on June 1. The ATF rate in Mumbai was increased to Rs 89,908.30 per kl from Rs 88,834.27. Prices differ from state to state depending on the incidence of local taxes. Alongside, oil firms cut the price of commercial LPG by Rs 30 to Rs 1,646 per 19-kg cylinder. This is the fourth straight monthly reduction in rates. The price was last cut by Rs 69 per cylinder on June 1. Prior to that, rates were on May 1 reduced by Rs 19 per cylinder, and by Rs 30.5 on April 1. Rate of cooking gas used in domestic househol

Oil marketing companies slash commercial LPG cylinder prices by Rs 30

Commercial LPG cylinder prices for July have been further cut by Rs 30, after being reduced by Rs 70 in June. Its aimed at providing relief to enterprises in the food and hospitality industries