U.S. natural gas speculators boosted their net long positions for the first time in five weeks, betting prices will rise as exports increase and lingering cold weather cuts further into already low inventories.
The Odisha Assembly was adjourned thrice today as the Opposition Congress members raised an uproar over the soaring prices of petrol and diesel.
With global crude oil prices shooting up, petrol and diesel prices in Goa continue to scale new heights. Petrol has hit an all-time high price of Rs 68.3 per litre, a 24% increase from 2015, while diesel prices have shot up by 21% to Rs 66.4 per litre.
In a directive issued on Friday, the state transport department has stated CNG kits retrofitted in 2.6 lakh private cars, 2.4 lakh autorickshaws, 62,000 taxis and around 3,500 buses in Mumbai metropolitan region should be thoroughly tested and certified every three years.
The beleaguered Rs 4,700-crore Nagarjuna Oil refinery project at Cuddalore in Tamil Nadu has entered the liquidation process under the Insolvency and Bankruptcy Code (IBC) after the 270-day deadline, offered by National Company Law Tribunal’s Chennai bench to identify a successful bidder, ended on Friday.
Pune The price gap between petrol and diesel has been steadily narrowing over the years, more so in the recent past. Diesel prices have begun to jump sharply since the turn of the year. On January 1, 2018, the retail price of diesel in Pune was approximately Rs 62.36/ litre. Petrol price increase, in comparison, has been more moderate. On Friday, the retail price of petrol was Rs 81.80/litre, while diesel was selling at Rs 68.37/litre.
The Gas Authority of India Limited (GAIL) will shortly launch piped natural gas (PNG) for houses and compressed natural gas (CNG) for transport sector in Patna. The project is coming up as part of the Jagdishpur-Haldia-Bokaro-Dhamra pipeline under Pradhan Mantri Urja Ganga Yojana, which will connect the eastern and north-eastern states to the national gas grid, said GAIL public relations executive Jyoti Kumar on Friday.
Petroleum and natural gas minister Dharmendra Pradhan said on Friday the rise in prices of petrol and diesel products in the country is due to international situation and the accompanying sudden increase in crude oil prices caused by disturbances in the Middle East.
U.S. energy companies added oil rigs for a third week in a row as energy firms follow through on plans to spend more on drilling this year with crude prices near three-year highs.
Union Petroleum and Naural Gas Minister Dharmendra Pradhan and Chief Minister Nitish Kumar today launched the “extended Pradhan Mantri Ujjwala Yojana” in Bihar under which 8 crore LPG connections would be given to beneficiaries across the country.