Page 7 - Lpg

Petregaz India commissions its Rs 600 cr LPG import and storage terminal

Petregaz India, a subsidiary of Petredec Group has commissioned its new state-of-the-art LPG Import and Storage Terminal that has been set up at an outlay of Rs 600 crore, the company said on Saturday. The new facility located within the Adani Krishnapatnam Private Port at Krishnapatnam in neighbouring Andhra Pradesh would benefit private marketers as well as residential, commercial, industrial, and automotive consumers. The newly commissioned facility, with an investment of Rs 600 crore, enables Petregaz to deliver cost-effective, and dependable solutions to LPG marketers, the company said in a statement. With an annual capacity of over 1.5 million metric tonnes, the facility has excellent road connectivity to the hinterland of Tamil Nadu, Telangana, Karnataka, and Andhra Pradesh. The terminal also has two refrigerated storage tanks, a modern jetty with no congestion and capable of berthing all types of LPG vessels, 16 truck loading bays among others. "Government-run oil companie

LPG cylinder prices: PM Modi cuts cooking gas prices by Rs 100

On the occasion of International Women's Day, Prime Minister Narendra Modi slashed cooking gas prices. Watch the video for details.

Govt extends subsidy on cooking gas by a year at Rs 12,000 cr cost

Modi's government already hiked the subsidy for low income households twice last year to 300 rupees per liquefied petroleum gas (LPG) cylinder from 200 rupees earlier to rein in inflation

India's three-wheelers segment charged up with electric transition

Most of the electric auto drivers charge at homes or at commercial establishments which have charging facilities. Some said they sneak charge at public places such as schools, malls, market places etc

Traditional cooking practices in northeast pose more health risks than LPG

An IIT Mandi study found that traditional cooking practices that use biomass fuel in northeast Indian states lead to alarming health risks compared to LPG-using kitchens

North East LPG cylinder transporters of IOC go on indefinite strike

LPG cylinder transporters of Indian Oil Corporation on Wednesday went on an indefinite strike for the second time in less than two months, alleging pending dues and low rates in recently floated tenders. An IOC official, however, termed the strike as illegal. The decision to go for the shutdown was taken after a meeting called by the Food, Public Distribution & Consumer Affairs Department of Assam between IOC and the North East Packed LPG Transporter Association (NEPLTA) failed to yield any solution to the prolonged stalemate. "The government called us yesterday to talk about our demands. We reiterated our old issues, mostly related to pending dues and low rates in the tenders. However, the IOC was reluctant to talk about those," NEPLTA chief adviser Kumud Nath told PTI. The association had also written to the chief secretary on January 5, raising the same issues and urged him to take necessary steps, he said. "The government had called yesterday's meeting, accordingly, to find ..

CRISIL analysis: Oil, gas use to see 10-15% rise in FY24 amid sector growth

The trends indicate a positive trajectory across various segments of natural gas consumption

IOC, LPG carriers reach truce after month long protest, NE supplies resume

Indian Oil Corporation's LPG cylinder transporters have withheld their agitation for a month after the company agreed to several of their demands, officials said on Monday. Members of the North East Packed LPG Transporter Association (NEPLTA) had on December 4 stopped plying their trucks, alleging pending dues and low rates in recently floated tenders, thereby affecting supply of LPG in several states of the region. "We have ended our strike temporarily after marathon discussions with the company management last week. They have agreed to several of our demands," NEPLTA Chief Advisor Kumud Nath told PTI. When contacted, an Indian Oil Corporation official confirmed the development, and said the association has resumed operating trucks from Saturday night for one month till further discussions take place. "During this period, IOC will work on our grievances. If they fail in that effort, we will consider our next course of action accordingly," Nath said. As per the signed minutes of t

ATF price cut by 4.6%; commercial LPG rate hiked by Rs 21 per cylinder

Jet fuel or ATF price was on Friday slashed by 4.6 per cent - the second reduction in one month - while commercial cooking gas (LPG) rate was raised by Rs 21 per 19-kg cylinder in line with international benchmarks. However, price of domestic LPG - used in household kitchens for cooking purposes - remained unchanged at Rs 903 per 14.2-kg cylinder. Aviation turbine fuel (ATF) price was reduced to Rs 1,06,155.67 per kilolitre in the national capital from Rs 1,11,344.92 per kl, according to a price notification of state-owned fuel retailers. Alongside, price of commercial LPG used by establishments such as hotels and restaurants, was increased to Rs 1,796.50 per 19-kg cylinder from Rs 1,775.50.

Rajasthan's financial, economic landscape resembles a desert mirage

Gehlot needs to remember that while needs and wants are unlimited, resources are scarce

Monetary policy review: Challenging the status quos and dilemmas

Inflation should remain largely range bound in the coming months (5-6 per cent)

Centre hikes LPG subsidy for Ujjwala beneficiaries to Rs 300 per cylinder

The Ujjwala beneficiaries currently pay Rs 703 per 14.2-kg cylinder as against the market price of Rs 903

Hyderabad-based Megha Engineering gets $648 mn contract in Mongolia

Upon completion, the refinery is expected to process 1.5 million metric tons of crude oil annually, catering to Mongolia's domestic demand for gasoline, diesel, aviation fuel, and LPG

Himachal to provide LPG kits, ration to people affected by heavy rain

People affected by heavy rain in Himachal Pradesh will get free LPG kits and ration, Chief Minister Sukhwinder Singh Sukhu announced on Saturday. The provision of free ration will be extended till March 31, 2024, to ensure that families have access to basic food necessities, a statement issued here said. Gas connection kits with LPG cylinders and ration would be provided free of cost to the affected families hit by rain-related incidents in the state, Sukhu said. The government is committed to ensuring that disaster-affected families have access to essential cooking facilities without any financial burden, he said. The kits include an LPG cylinder, pressure regulator, and a hot plate among others, according to the statement. The chief minister said the government has also initiated efforts to relocate affected families from relief camps to more suitable rented accommodations and provide financial assistance of Rs 5,000 and Rs 10,000 for rural and urban areas.

Govt likely to focus on motor fuel prices ahead of 2024 polls: Citigroup

The government's decision to reduce liquefied petroleum gas could lower inflation by around 30 basis points, economists Samiran Chakraborty and Baqar M. Zaidi said in a note

Centre cuts LPG cylinders price by Rs 200 for PMUY beneficiaries

In July, oil companies increased the price of domestic LPG cylinders by Rs 50. Earlier, the prices were increased twice in the month of May

Short-term inflation in Pak stays above 29% as electricity, LPG price hikes

The short-term inflation on a week-on-week basis measured by the Sensitive Price Index (SPI), rose 3.73 per cent which marks the highest increase in the past two months

After Chotu, Munna LPG cylinders to hit North East markets soon: Indian Oil

After Chotu', Indian Oil is all set to launch Munna' in the North Eastern region soon, a top official said on Friday. The PSU is also focusing on infrastructure development in the region, including setting up LPG bottling units in all the seven states, he added. Addressing a press conference here, executive director and state head, IndianOil, Assam Oil Division, G Ramesh said, After introducing the 5-kg LPG cylinder Chotu' in NE last year, we will also be launching the 2-kg cylinder Munna' soon. Ramesh said bottling units for Munna' will be launched in Tripura and North Guwahati soon. These lightweight LPG cylinders are catering to migrant population in urban and semi-urban areas who do not have local address proof, people with lower gas consumption and commercial establishments with limited space. Munna' will be particularly helpful for people in hilly areas as it will be easy to carry, he added. The per kg price of Munna' is nearly same as the regular domestic cylinder, while ..

Commercial LPG cylinder prices hiked by Rs 7, check new prices here

The price of a commercial 19 kg LPG cylinder hiked by Rs 7. The revised prices are 1780 in Delhi, Rs 1902 in Kolkata, Rs 1740 in Mumbai, Rs 1952 in Chennai

Chhattisgarh CM Baghel hints a big 'LPG' surprise in Cong poll manifesto

Rajasthan has given LPG at Rs 500. Something needs to be kept for the announcement and if everything will be done now then what would be for the announcement (referring to the poll promise)