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MINISTRY OF PETROLEUM AND NATURAL GAS
Delhi HC dismisses Vedanta's plea against refusal to extend western offshore oil block contractIn a significant ruling, the Delhi High Court has dismissed Vedanta Limited's request in response to the Ministry of Petroleum's refusal to...- India's ethanol mission sees state-run fuel firms spend Rs 1.72 lakh crorePublic Sector OMCs spent over Rs 48,000 crore on ethanol procurement in ESY 2023-24. They procured Rs 73,996 crore worth of ethanol during ...
- UAE to invest $6.2 bn in Abu Dhabi gas projectAbu Dhabi's state oil company ADNOC will invest $6.2 billion in a new gas project. This offshore development is a joint venture with intern...
- LNG consumption declines 6.5%on costly import, lower outputIndia's natural gas usage saw a notable drop during the April to June quarter, attributed to soaring global LNG prices and a decline in loc...
- Govt sees good response to pre-application conference for Rs 37,500-cr coal gasification schemeThe government on Monday held a pre-application conference for its ₹37,500 crore scheme to promote surface coal gasification projects, draw...
- HPCL invites LNG suppliers for spot and long-term import dealsHindustan Petroleum Corp has invited LNG suppliers to register for future deliveries. The company seeks both spot purchases and long-term s...
- Ethanol could soon make its way to Indian kitchensIndia's petroleum ministry is developing a policy for ethanol as a mainstream cooking fuel. This initiative aims to reduce dependence on im...
- Govt adds iron ore to core sector index taking total components to 9Iron ore has been added to the core sector infrastructure industries list. This inclusion increases the total number of key sectors from ei...
- India's oil firms promote liquid LPG cylinders to reduce fuel lossesOil companies are encouraging commercial users to switch to liquid off-take LPG cylinders. This shift promises significant cost savings and...
- Ship traffic through Strait of Hormuz drops after U.S. blockadeFewer vessels traversed the Strait of Hormuz on Wednesday after the US reimposed its naval blockade. Shipping data indicated a decrease in ...
- Indian Gas Exchange files IPO papers with Sebi; parent IEX to divest stakeIndian Gas Exchange has filed preliminary papers for its Initial Public Offering. The proposed public issue is entirely an Offer For Sale b...
- E20 causes no engine damage, no major mileage loss: IIT KanpurIIT Kanpur researchers report no significant fuel efficiency drop with E20 petrol. Their studies found no evidence of engine damage from th...
- WPI inflation quickens to 9.87% in June from 9.68% in MayIndia's wholesale inflation rose to 9.87 percent in June. This figure exceeded economists' earlier projections for the month. Higher prices...
- CIC directs petroleum ministry arm to share historical petrol, ethanol, profit dataThe Central Information Commission ordered the Petroleum Planning and Analysis Cell to release historical petrol production and import data...
- Brent below $80 to sustain OMC earnings recoveryOil marketing companies' margins are expected to remain stable as crude prices stay below $80. Recent crude price drops have significantly ...
- E20 petrol may cut mileage by 3-5% in some vehicles, but benefits outweigh impact: Oil MinistryThe government acknowledges E20 fuel's minor fuel economy reduction. This impact is outweighed by benefits like better engine performance a...
- E20 costs more at current crude prices, but saves forex, boosts farmers' income, reduce oil dependence: GovtEthanol blending shields Indian consumers from volatile global oil prices. This program reduces dependence on imported crude oil significan...
- Hardeep Puri explains why India has among world's cheapest petrol, spells out country's fuel strategyIndia offers some of the world's cheapest petrol, according to the Petroleum Minister. Ethanol blending significantly contributes to these ...
- ONGC to undertake 1.75 MMT strategic oil reserve expansion at MangaluruONGC approved a 1.75 MMT strategic petroleum reserve expansion at Mangaluru. This project will add significant storage capacity to India's ...
- India’s wartime buying spree leaves behind a cooking gas surplusIndia's fuel retailers now have excess cooking gas supplies. They had booked extra cargoes anticipating supply disruptions in the Persian G...
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