Page 11 - Petroleum Sector

India's fuel demand rebounds in June after hitting nine-month low in May

Petrol sales rose 5.6 per cent year-on-year to 2.4 million tonnes in June.

Hardeep Singh Puri takes charge of Petroleum Ministry and Natural gas

He has relinquished the portfolio of civil aviation but still holds the Housing and Urban Affairs Ministry.

Petrol crosses Rs 100 in Chennai; at Rs 99 in Delhi, Kolkata

Petrol price on Friday crossed the Rs 100- per-litre mark in Chennai as well as in some places in Punjab and Kerala after fuel prices were hiked yet again. Petrol is priced at over Rs 99 a litre in Delhi and Kolkata -- the only metro cities which haven't seen the Rs 100 mark yet. Petrol price was hiked by 35 paise per litre on Friday but there was no change in diesel rates, according to a price notification of state-owned fuel retailers. On Thursday, the price of domestic cooking gas (LPG) was hiked by Rs 25.50 per 14.2-kg cylinder. A subsidised and non-subsidised cylinder now costs Rs 834.50 in Delhi. The increase in petrol price -- 33rd in two months -- took rates across the country to fresh highs. In Chennai, the petrol price rose to Rs 100.13 a litre. Diesel price in the city was unchanged at Rs 93.72 per litre. Petrol in Delhi now comes for Rs 99.16 a litre and the same in Kolkata is priced at Rs 99.04. Other metro cities - Mumbai, Bengaluru, Hyderabad and Pune - had last m

Exports jump 46% to $14 billion so far in June on shipment growth

Imports too rose by 98.33 per cent to $19.59 billion during the period, the data showed

Start-up Infinity Greenfield set to produce diesel from plastic plant

Infinity Greenfield, a start-up, is setting up a similar plant in Moradabad in western UP to produce diesel from polyethylene and pol­yp­ropylene plastic

Saudi Arabia committed to meet India's crude oil requirement: Saudi envoy

Saudi Arabia, the world's largest oil exporter, on Sunday said it is committed to meet India's requirements of petroleum products

Total declares force majeure on Mozambique LNG after insurgent attacks

Total, which aimed to produce its first cargo from the project in 2024, suspended work on March 27 after the militant attack

India saved over Rs 30 K-cr in 2020-21 over falling hydrocarbon prices

Analysts expect trend to continue in 2021-2022

India saved over Rs 30,000 cr despite rising petro product imports in FY21

Analyst expect trend to continue this fiscal

Fall in global crude oil prices gives hope for dip in domestic fuel rates

Resultantly, global fears have resurfaced on the slowdown economic recovery due to this wave

Obit: G V Ramakrishna, the ever-vigilant public servant

As SEBI chairman, in 1992, Ramakrishna presided over the transformation of the institution from an administrative body to a statutory body.

Pradhan urges GST Council to bring petroleum products under its purview

The move, if carried out, will be a big relief for the common man, Pradhan said

PM Narendra Modi launches Rs 3,222-crore petro, gas projects in Assam

PM Modi enumerated steps taken by the state government led by Sarbananda Sonowal

Sustained marketing margins, recovering demand aid profitability of OMCs

The agency expects above long-term average MMs from FY22, which should aid GRMs in the short term

Rajasthan govt interacts with global investors to promote investment

The Rajasthan government on Wednesday interacted with investors and companies from various countries regarding opportunities in the proposed petroleum, chemicals and petrochemicals investment region

Banking on Budget: Some key indirect tax measures govt should focus on

Having multiple GST rates not only leads to complexities in compliance and tax structure, but also does not optically make India tax-friendly and competitive globally

BPCL Q2 net profit jumps 58% to Rs 2,589.52 cr due to lower expenses

The company expects year-on-year demand growth of petroleum products, like diesel and petrol, in the March quarter

Fuel prices unchanged across cities; petrol at Rs 80.43 per litre in Delhi

Petrol and diesel prices remained unchanged across metro cities on Sunday.

India in talks to store crude in US strategic petroleum reserves: Pradhan

Dharmendra Pradhan said the two nations have signed a memorandum of understanding to begin co-operation on strategic petroleum reserves

Early signals for the fisc

The April-May figures show a sharp rise in external financing and spending on farm as well as rural India