India will formally commence the commercial supply of High Speed Diesel (HSD) to Bangladesh from Saturday, said Minister of State for Petroleum and Natural Gas Dharmendra Pradhan on Friday.
While Syria makes only 0.04 per cent of global petroleum supplies — less than Cuba, New Zealand or Pakistan — it calls one of the world’s biggest producing regions its neighborhood.
Oil prices held near one-month highs on Friday after the United States attacked a Syrian air base but stocks and the dollar recovered early falls when a US official played down the risks of an escalation.
Essar Oil Ltd., which operates India’s second largest private sector refinery and the largest private sector oil retail network, today reported robust growth across its refining and retail functions in FY 2016-17.
Prime Minister Sheikh Hasina’s visit will “certainly” take ties to a new level, he told a group of Bangladesh journalists just as she reached New Delhi on a four-day state visit on Friday, her first state visit in seven years.
Iran has cut by one-third the time it gives to Indian refiners to pay for oil they buy from it and has also raised ship freight rates as a retaliatory measure to New Delhi’s decision to reduce Iranian oil imports.
Madhya Pradesh is all set to join the league of those states which have launched populist subsidised meal scheme for poor with the opening of canteens that provides wholesome food at Rs 5 under the Deendayal Antyodaya Rasoi Yojana.
Prices at petrol pumps may change every day, similar to what happens in many advanced markets, as state oil companies plan to review rates daily to align them with international prices, replacing the current practice of fortnightly revision.
The dream run of declining net debt level for the three state run oil marketing companies (OMCs) has now hit rock-bottom, with analysts expecting the three companies to start a new capital expenditure (capex)-driven cycle.
Asserting that there is enthusiasm in the country’s energy sector, Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Thursday said that by exploring natural resources, India is aiming at double-digit GDP growth