PETROLEUM

Petrol, diesel prices hiked again, scale new highs

Petrol now costs Rs 84.70 per litre in Delhi and diesel is priced at Rs 74.88, according to a price notification from oil marketing compani...

Oilfield contractors may soon get 35-year consolidated lease

The current rules permit grant of petroleum exploration licence (PEL) for seven years in on land and shallow water areas and for eight year...

Petrol touches new high of Rs 84.45 in Delhi, crosses Rs 91 mark in Mumbai

In Delhi, petrol now costs Rs 84.45 per litre and diesel is priced at Rs 74.63. In Mumbai, petrol comes for Rs 91.07 a litre and diesel for...

20% ethanol blending in petrol can create economic activity of Rs 1 lakh crore: Petroleum Secretary

Currently, the petrol sold in the country has above 5 per cent of ethanol, a bio-fuel extracted from various locally available sources.

Include natural gas under GST to push for gas-based economy: Industry

Natural gas is currently outside the ambit of GST, and existing legacy taxes -- central excise duty, state VAT, central sales tax -- contin...

India's fuel demand at 11-month high in December

Fuel consumption, however, posted a month-on-month rise for the fourth straight month, helped by reviving transportation and business activ...

HPCL-Mittal Energy to shut Bathinda refinery for 40 days from end-January: Sources

During the shutdown HMEL will also carry out work to be able to hook petrochemical units, including a 1.2 million tonnes a year ethylene cr...

Ethanol blending in petrol will cross 8% in 2020-21: Petroleum Secretary Tarun Kapoor

State oil marketing companies received 173 crore litres of ethanol for blending with petrol during ethanol supply year that ran between Dec...

View: Improve oil and gas ploughing before global fuel consumption returns to normal

India, the third-largest oil consumer after the US and China, needs to ensure supply security, especially in the crucial post-Covid economi...

Slow spending by heavyweights drags oil PSU capex average to 47% of FY21 target

Between April and November, state-run oil companies have spent Rs 46,300 crore. The capital spending was hurt in the initial months of the ...

Operator for common gas pipelines soon: Petroleum secretary

“We plan to have a transport system operator (TSO) in place, which will manage the common carrier part of the entire gas pipeline system in...

Bharat Petroleum Corporation to consider buying out Oman Oil's stake in Bina refinery

BPCL holds 63.68 per cent stake in Bharat Oman Refineries Ltd (BORL), which built and operates a 7.8 million tonne oil refinery at Bina in ...

India's fuel demand climbs for third straight month in November

India's fuel consumption rose for a third straight month in November, helped by reviving transportation and business activity, although a y...

Post-stake sale, BPCL's LPG business to be in new SBU; new owner to take call after 3 yrs

The firm's cooking gas LPG customers will be transferred to other state-owned firms, Indian Oil Corporation (IOC) and Hindustan Petroleum C...

Petrol, diesel prices rise for the fifth straight day; rates touch two-year high

Rates crossed Rs 90-mark for petrol and Rs 80 in case of diesel in Mumbai. Petrol price in Delhi rose to Rs 83.41 per litre from Rs 83.13. ...

LPG subsidy for BPCL consumers to continue post-privatisation: Pradhan

The government gives 12 cooking gas (LPG) cylinders of 14.2-kg each to households in a year at a subsidised rate. This subsidy is directly ...

Bharat Petroleum confident of meeting 10% ethanol blending target by 2022

State-run oil marketers are required to blend 10 per cent ethanol in petrol under the national policy on biofuels 2018 by 2022 and 20 per c...